Sir, My client has received the notice regarding the short deduction of tds in salary for Rs.3900.

My question is whether the payment of Rs.3900 is enough, or else any interest and penalty is also there and under which section,which code(minor,major) and what is the nature of payment we have to quote in payment challan.

And how to mention that in the revised return?

As per S.194-IA TDS required to be deducted when purchase of Immovable property is more than Rs. 50,00,000.00 w.e.f. 01.06.2013

Then my question is that if payment is made before 01.06.2013 say for 28.05.2013 then TDS deductible or not??

one of our client is travel agent.He got notice regarding non submission of service tax return for the period 2011-12 & 2012-13.However service provided by him is less than 10 lakhs in that period.Do he have to file st return?

Dear Sir,
In case of merchant trade where goods in the coming to India and directly goes to party how the documents should be and who should be shipper in Bill of Lading i.e. exporting party from where we are importing or we as a exporter

Thanks

sudhir pandey

dear sir

we are not issuing tds certificate on quarterly basis because my vendor check it them self form 26AS.

will we liable for penalty Rs.100/- per day

Hi.
I have one query about Deduction of tax for Landlord as per sec 194 I.
If i paid rent 50,000 & ST on that Rs 6180. Total i have to pay Rs 56,180. Please let me know on which amount i have to deduct tax at source. Rs 50,000 or Rs. 56,180 ( Rs 5000 or Rs 5,618)

Dear sir,

Will have liable for reverse charge in genset repair maintain.

Dear Friends,
I have taken Housing Loan for my Flat of Rs.50Lakh and paying the EMI myself. Due to my personal financial urgency, I have given my flat for a lease of Rs.10Lakh to one of my friend. Please suggest me the income tax benefits on the same. Now my situation as follows.

1. I have Rs.50Lakh housing loan on a flat and I am repaying the EMI to the bankers. I have self occupied that flat for 3 months only.
2. Due to job relocation plan and personal money urgency, now I have given my flat to one of my friend for an interest free lease of Rs.10Lakh for three years. After three years I have to repay him Rs.10Lakh and get back the house occupation. Till that time he has right to use the flat for his own purpose or let out the property as per his interest. If he let outs, he will receive the rent and I didn’t have any share on the rental income.
3. Due to cancellation of relocation plan, I agreed with my friend that I will pay him rent till next three years. Now I am staying in the same flat and paying rent of Rs.15,000/- PM to him. And also I am paying the EMI to the bank for the same flat.

Kindly suggest me how can I get tax benefit on the same.

Regards,
Mahendra
Bangalore

Hello.. i m ipcc student and i want to knw abt GMCS course..as per rules i hav to complete GMCS 1 within first year of articleship...What would it result into if i fail to do GMCS 1 within 1st year of articleship?

Dear sir,

We have received a notice u/s 156 for non payment of advance tax an amount of 50,200.
The department is asking to pay the amount by 15.3.2014.But we have already having the TDS amount of 65200.
The Tds amount is more than the 90% of the net estimated income.
Please suggest me to how to response to this notice