I want to know that the amount received as compulsory acquisiton of land by Governemnt is taxable or not. Interest received on compulsory acquistion is taxable of not. Whethter tax will be charged on receipt basis or accrual basis.

Dear Sir/Mam,

Sum of the Purchase party provide Transport charges partly in the bill itself, & the remaining is provided by the transporter.
So my question is whether i have to pay service tax on that remaining amount or on the whole amount.

Our booking system is. we debit gross transport charges & credit bill transport charges. & the TDS is decucted on gross part.

whether tds is liable to be deducted on lease rental paid in case of financial lease and on instalment in case of Hire purchase agreement? if yes, then whether on whole amount or the interest portion only?
I strongly believe that in both cases tds is not liable to be deducted. But is there any circular or a provision which says this or otherwise? Please reply.

our company is organising a event of coca cola company and we hire also a event company for some part of this show. when we rece. the payment our tds is deducted u/s 194J so my question is when we will pay for other company for hire other company we should deducted TDS u/s 194J or 194C?

what is the due date of epositing the EPF & ESIC and penalty and interest for late depositing. is it the same for the month of march or difference?

We need to remit a royalty fees of usd 1250 to an organization in USA. Our banker says withholding tax is applicable.what is the percentage and on which IT Challan it has to be paid. Further our party has said we should not deduct any tax amount from the remittance

pe2 attempt extended this is the news in this forum but nothing is mentioned in icai website announcement section
plz tell me trueness of it

One of my clent had opened a Drug store in a hospital on a condition that the hospital will be paid 50% of the net profit as per audited P& l A/c.What is T.D.S. Liability of the client and under what section it will be deducted 194I or 194C.And also Profit can be ascertained only after 31 st March.So when to deduct the TDS -on 31st March itself and to deposit it by 31 st May or whenever some payment is made to Hospital during the year.

One of my clent had opened a Drug store in a hospital on a condition that the hospital will be paid 50% of the net profit as per audited P& l A/c.What is T.D.S. Liability of the client and under what section it will be deducted 194I or 194C.And also Profit can be ascertained only after 31 st March.So when to deduct the TDS -on 31st March itself and to deposit it by 31 st May or whenever some payment is made to Hospital during the year.

One of my clent had opened a Drug store in a hospital on a condition that the hospital will be paid 50% of the net profit as per audited P& l A/c.What is T.D.S. Liability of the client and under what section it will be deducted 194I or 194C.And also Profit can be ascertained only after 31 st March.So when to deduct the TDS -on 31st March itself and to deposit it by 31 st May or whenever some payment is made to Hospital during the year.