Dear friends,
Our company has taken some Flats on Rent for our Employees.
We are deducting TDS on the Rent u/s 194I.

We also are including the Rent figure in the salary of the Employees & deducting Tax from the Salaries of the Employees u/s 192.

Is this the right treatment?

Are we not paying TDS 2 rimes on the same Rent Expenses?

Should we debit these expenses in Company Books in Rent Expense or Salary Exp?

whether any link of authorised caital requirement with the main object of the company.

I have to pay a consolidate bill of Rs.50261.00 to an communication store towards Online Prepaid Mobile Recharges of 500 nos done by him. So should I deduct TDS under section 194C as payment to Deemed contractor or the deduction will be under other section of TDS or there wont be any deduction at all?

Please help.

Thanks,

Gurmeet

According to FBT law, FBT allowable on Telephone exp( Which installed in office, factory or any other places)

Whether PCO bill charges should be applicable for FBT or not

and any telephone installed in company only used for FAX, is also applicable for FBT or not

1. Can a person avail exemption under section 54F if he invests in a residential house property by selling the shares held by him?

[a]what if he is already in possession of more than one property which is put into commercial use and income of such properties is being chargeable under the head 'Income From House Property'.?

[b]If Yes, could u refer please me a case law w.r.t such decision?

[c]if No, kindly substantiate.

i want professional tax rates in karnataka with notifications or circulation

A COMPANY IS DOING BUSINESS THROUGH CONSIGNEE AGENTS AND PAYS RS.1,00,000 P.M. TO EACH AGENT AS "COMMISSION" DURING F.Y.2007-08.

IN JUNE 2008 IT DECIDES TO INCREASE COMMISSION BY RS. 25,000 P.M. WITH RETROSPECTIVE EFFECT FROM NOV. 2007.

NOW WHETHER INCREASED COMMISSION FOR THE PERIOD (NOV 2007- MAR. 2008) WILL BE DISALLOWED AS EXP. U/S 37 OF INCOME TAX ACT 1961 FOR ASS. YEAR 2009-10 OR NOT ?

I THINK THAT IT WON'T BECAUSE AS PER "AS-5" IT IS NOT A "PRIOR PERIOD" ITEM.

VIEWS FROM LEARNED FRIENDS ARE EXPECTED.

THANK YOU.

DEAR ALL,

What is the procedure for filling of combined ST-3 Half yearly return of Service tax , if we registered for more than one services.

Regards
Bishnu Deo Sharma.

I JUST WISH TO CONFIRM THE TAXABLE PORTION FOR FBT OF THE FOLLOWING EXPENSES :

FESTIVAL 20% (W.E.F. ASS. YEAR 2009-10)

MAINT. OF GUEST HOUSE OTHER THAN USED FOR TRAINING PURPOSE NIL (A.Y. 2009-10)

IF THE ABOVE RATES ARE TRUE OR NOT ?

Whether service tax is exempted on renting of Immovable property.

Kindly clarify.

Thanks in advance