Dear All,

I wanted to ask that, although basic rate of deduction of TDS u/s 94C on individual is 1% but what if I deduct TDS @ 2% on individual contractor u/s 94C.

Will this attract any penalty OR Fine?

Or There will be no problem ?

Will there be any questioning regarding, why i deduct 2% TDS instead of 1%?

Please Reply !

When I try to upload ITRs, the income tax efilling site is not working. The department has not relesed the efilling soft for 3 months.

Similar problem with DVAT site when tried to upload DP-1, not excel utility for 2A, 2B has been realised so far. You have to fill all the data directly onto department site which takes a lot of time.

In case of service tax, it seems Service tax department has forget the return.

isn't it a mockery of professional by fixing due date for filling return while department is sleeping all the time and finally waking up at last minute?

Dear sir

earlier i have attend the interview they are asking what is the definition of differed tax

i search in Google i got it but i didn't understand that please let me know shortly meaaning

hello all..
pls help me in this
i have a right to ownership of a residential property which is still under construction and ownership has not been alloted yet..
i want to sell it off and acquire a new residential property again which is under construction.
can i claim exemption u/s 54?

Sir, my younger brother was working in orgnisation , he left and join another company. He got pf amount of Rs.507333 and gratuity of Rs. 193846. Now my question is that the amount will treat as income or excemption from taxable income.Pls. help me.

The salaried income is 6,75 lakhs p.a.[Net salary income after all deductions]. In addition to there is an agricultural income of Rs.25000 p.a.

Is this Agri income totally exempt from tax?.

Agri income is taken for rate purposes and ITR 2 is filed.

can I claim 5000 as tax exemption? 20% of 25000

40% of the basic: 693,000, Actual HRA 900,000, excess of rent paid over 10% of the basic is -11,300. Is the assessee eligible for HRA exemption u/s 10(13A) because of the negative figure?

Dear sir

i have deducted 194j technical servicess,
and i prepaired ETDS 26Q then sumitted to NSDL office then iam getting Challan.
our supplier asking form 16 how will i prepaire please help on this

Can one partner sign more than 45 audit reports and the total reports signed by him is within the ceiling limit of 45 audit reports per partner

There is a great confusion between rate of depreciation on laptop kinldy letme know the rate of depreciation on laptop