Mr. A (a resident individual) is a salaried employee having annual salary around Rs. 6 lac. He stays in a rented house in delhi and pays the landlord Rs. 13000 per month. In his salary component he claims HRA for the same.

The landlord stays in Canada since few year and comes to India for 10-15 days in a year. This makes him a non resident. Mr. A use to pay the rent in bank account of the landlord in Delhi itself.

Query #1 - Whether Mr. A is required to get TAN no. and deduct TDS for payment of rent under section 195 of the IT Act.

Query # 2- Will it make any difference if Mr. A is a labour working with a contracter and having fixed salary of Rs. 2000 per month (Rs. 24000 per annum). Funny but still a question.

Regards,

Ajay Gumbar.

facts of the case:
date of search: 10/10/2008
return u/s 153A is not yet filled for A.Y. 2008-09
due date of return: 30/09/2008
undisclosed income admited u/s 132(4)is Rs. 27500000/-

sir i am confused (1) whether penalty u/s 271(1)(c) will be applicable or not.
(2) whether explanation 5 to section 271(1)(c) will be applicable
(3) whether penalty will be applicable even if the assessee admited the undisclosed income u/s 132(4).
(4)whether there is any way to save my client?

I want to know the applicability of PF. When the company has to deduct PF? What are the rules? Previously our company has 11 employees but we haven't deducted PF on the salaries paid to them since we don't had PF No. at that time but now we got PF No. and started deducting PF and our employees as on today are 25. So plz tell me whether we need to deduct PF from the begining or our liability starts from the day of obtaining PF No.

My client is doing service of printers, of which some printers are servied as Authorised Service Centre & some of which are done otherwise.

My question is whether all the service is taxable or only those services as authorised service centre is taxable

Hello All,
Have you ever heard of any insurance co. in India which is listed on any stock exchange?

If answer is no, can you explain whether it is on account of any legal provision or any other reason?

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What about the employee who resigns and claims Rs. 350000 exemption in gratuity and Rs.300000 in leave encashment?

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ther is a partnership firm where ther are 5 partners ratio 30:30:20:10:10
the partners having 20:10:10 share are threating to give a dispute letter in the bank.
The partner having 20% is a lady and she is partner in other Concrete industry with her husband.
the partners having 10% each are directors of a casting company which is private limited.
One of the partner having 30% STAKE in the firm is parnter in the concrete firm to help the firm in legal matter
and he is the gurantor in the cating company.
The business is being carried out by partners with 30:30 ratio and the other 3 partners are non working but they take profits and now.the partnership firm is doing good and the other 3 partners 20:10:10 are not doing good are trying to give the dispute letter. What action can be taken to avoid the letter and even if the letter is given what should be the course of action.
Thanks in advance