Let us sppose we received some service from contractor from previous and no any payment made on that year again we coutinously received the service in current year which is not exess of Rs. 50000 but for the settelment of account we paid the total amount which is exess of Rs. 50000. For example previous year balance is 8145. current year work is Rs. 42592. we paid during the year Rs. 51200. In this situation, we should deduct the tds or not. reply as soon as possibe.


thanking you

for the assessment year 2008-09,the tax payable was rs nearly 10000//, now the assessee wants to file his return of income.whether penalty u/s 271f attracts, if so what is the penality?

sir
i having attempt on Nov 2009 I'm not understanding how to do problem of total income computation please explain me in detail.if problem gives in exam.

Please let me know what has to be filled in ITRV verification section in the following sentence.

"I further declare that I am making this return in my capacity as ____________ and I am also competent to make this return and verify it."

What needs to be filled in the blank. I have prepared my returns and filed them online.

Thanks
Surya

I had an money back policy which was matured and i received money in Feb 2009. The amount is around 80000. Is the money received from LIC is taxable and if yes then under which head...??
Please let me know as soon as possible....

Hello I would like to know if TDS is applicable u/s 194 I for Rent on lease lines provided by BSNL. I have hear that govt. entities are exempt from TDS. Please let me know the section which gives that exemption

if two address are there one is on the pan
and other which the person is living
which address should be written on the itr?

Dear All,

Can the Husband let out his house property to his wife. They are staying together. He does not have any other house property. Can he show the rent received from his wife as income from House Property and claim interest U/s 24?
(Interest amount is exceeding 150000/-)

my company has sold the used car and paid vat on it wheras i think it should not be paid. is the treatment correct.nature of co. is not sale or puchase of car.

I want get clear that service tax is payable on which amount is it gross amount or net amount after deduction of any kind of loss to the transporter

Example :- Transporter A Billed Rs 1000 freight to Company B and aftre taking delivery of goods it found that some goods damage we paid transporter Rs950 after deducting the Rs 50 for damage hence the tax payable on rs 1000 or Rs 50 and what the percentage. if it is on Rs 950 than for Service tax audit purpose what are the documents we have to maintain.