I made a payment of Rs.15000/- (only Rs.15000) to a transporter during F.Y.12-13.
the same transporter doesn't have PAN. should i deduct tax @ 20% or Sec.194C is not applicable due the transaction is not more than threshold limit e.i.30,000 or 75,000.

Please anyone solve my problem

Full process of appointment of new director in a Ltd com

Dear Professional colleagues i need a clarification on Service tax issue. My client is paying service tax to joint property owners.Which is below ten lakhs for each one. but one has more than ten lakhs aggregate income. He is asking service tax to our client. My question is my client rent payment to joint owners is below the limit. In this case no need to pay from my client end. Please guide me or any if any advance rulings or judgements provide.

(A).If an employee takes the health insurance policy for self and family(Spouse and child) for Rs.15000 and also take another policy for his parents for Rs.18000. His Parents are not senior citizen.
Then how much deduction under Section 80D an employee can get.
(B). If his parents are senior citizen and he takes the policy for self and family for Rs.15000 and also take another policy for his parents(Senior Citizen) for Rs.20000.
How much deduction can he claim under Section 80D.

If I get a top up loan from my home and use that money for my children's higher education, can I get the tax benefit of section 80E?

Dear sir/madam,

My wife had won a price money in the year 2010 of Rs.1,11,000/- (Appx) from a TV game show. Out of which they have deducted TDS of 30%, which amounting to Rs.30,000/- appx.

Can I claim that TDS amount now?

Kindly suggest...

Thanks,
Chetan

is documentary evidence necessary for a employer to allow deduction to his employees for tds calculation?

it would be very helpful if you provide appropriate refference of I.T. act.

thanks in advance

Dear all,
Please provide me soft copy of MOA & AOA of Pharmceutical Company its very urgent hope u all consider my request and do the needful asap.
u can send me the same on my id artichaurasia2009@gmail.com

We have purchase a car. We have paid life tax for the car for Rs.196640-00. What is the entry for the above. I made the entry like this - is it correct or not please inform us.

Insurance A/c Dr - 54612-00
Other Exp A/c(Life Tax) Dr - 196640-00
Car A/c(Invoice Value)Dr - 1402742-00
Vehicle Maintenance A/c(other parts)Dr-26427-00

IDBI Bank A/c Cr - 480421-00
SFL Finance A/c Cr - 1200000-00

Kindly confirm the above entry is correct or not.

One of my friend has filed a wrong belated return under section 139(4). Mistake is because of wrong calculation of interest by the utility we download from the incometaxindiaefiling site. Details are as follows:-

Assessee : AOP

Tax Liability :- 100208 (inclusive of education cess)

Interest 234A :- 154

Interest 234B :- 18576

Interest 234C :- 79

TDS : 97973

Self Assessment Tax :- 21050 (paid because of wrong calculation)

Due date of filing of return :- 31/07/2012

Date on which return filed :- 26/03/2013

After filing the return he came to know about this mistake in calculation of Interest u/s 234B (correctly it is 110 only). Now this return cannot even be revised as it is belated .....


Is there any possible action or remedy in these circumstances ?