Hi Experts,

A NRI remitted funds from abroad and also took a loan from a HFC in India, purchased a commercial property in FY-13 He is receiving monthly lease rents from Aug-12. For FY-13, the total rent received would be Rs.4.50 lakhs(approx) Till Feb-13,the lessee deducted TDS @ 10% while paying rent. I have a few queries.

1. What is the applicable TDS on lease rent paid to NRI -with PAN. If PAN is not there whether TDS rates will differ.

2 Whether the IT returns / tax slab etc are different for NRI compared with a resident Indian.

3. If the tax payable is lower than the TDS rates, whether NRI can approach A.O for orders for deducting lower tax rate by the lessee.

One of my client which is a Private Limited Company has availed finance from a Bank. Form 8 could not be filed within the time. Now the company has to file petition to CLB/RD for condonation of delay. My question is whether a CA can also appear in the case through memorandum of appearance or only CS are authorized to do that.

I have received intimation u/s 143(1) for not mentioning my bank a/c. no.

I have filled up the columns shown on the screen and submitted

after submission " message came on the screen "There is no refund failure. This may be due to No refund being due Or Refund being delivered successfully"

I am really confused to understand what the Dept. wants seek information from tax payer when they send intimation u/s.143(1) with computation of income and showing refundable amount and intimate that the Bank a/c. is not mentioned and hence the refund held up but now after submission "refund reissue request" they say there is no refund failure.

I have not still received my refund though my return was processed on 18/01/2013 and they mentioned the refund order sent to refund banker.

seek advice from experts to solve my problem.

regards

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As per Income Tax, TDS has to be deducted on the amounts credited or paid whichever is earlier.

Following this on provision also TDS is applicable, but as per AS29 provisions are estimates where actual amount is not known.

Whether TDS has to be deducted on the provisions made on the estimates at the month end and reversed at the next day?

Dear Expert,

XYZ is a software company ,this unit is register under STP (Software tech. park).
They imports Capital goods under execution of Bond.

whether they required CA certificate??

As per Annexure-III ( Details of import approval,Re-export, Transfer of Capital Goods, Debonding of Capital goods and all)

Pls tell me the purpose of CA certificate??

whether CA certificate is required for Renewal of Capital Goods Limit??

Pls reply

Hello friends,

one of my friend is giving hitachi and tippers on rental/hire basis . what is the vat tax implications under vat act. He is registered under VAT Act.
if vatable then what are the allowable deductions.

please illustrate me..

A mfg. company has sold plastic sheets & done fabrication work on the requirement of client. fabrication includes cutting & Counter hole.No prior such activity has been operated in the company. Consideration of fabrication is Rs. 3.0 lacs & invoice has been issued for the same. Pls advice, Whether service tax applicable in due course?