What should be the rate of TDS on payment made to hotel for the following services received by pvt.ltd.co. for the business purpose....

Room charges rs. 6,00,000/-
Conference hall charges rs. 40,000/-
DJ Music charges rs. 10,000/-
Transport charges(Hire) rs. 65,000/-
Equipment charges Mike,Screen rs. 20,000/-
Extra charges during stay rs. 1,80,000/-
TOTAL AMT. = Rs. 9,15,000/- for which hotel has raised single bill.

However Friquency of such instances are minimal & further there is no contract with the hotel. Company has received such services for continuous for 4 days.

Regards

Rajnish Amipara
amiparasir@gmail.com

Sir,

I G Ramesh babu MM No 78587(Hyderabad),completed my CA Inter in Nov 1999 exams and registered for CA Final course,got the material also, No attempt was given till to date.

Now i was realised and decided to continue my studies i.e., CA Final in new syllabus since iam not having that much courage to write in old syllabus.

kindly suggest me what is the procedure for updating my studentship,procedure for getting CA Final course new syllabus study material and cost for thatand procedure for getting SRO Number Etc.,

Yours faithfully

G RAmesh babu

Sir,

I G Ramesh babu MM No 78587(Hyderabad),completed my CA Inter in Nov 1999 exams and registered for CA Final course,got the material also, No attempt was given till to date.

Now i was realised and decided to continue my studies i.e., CA Final in new syllabus since iam not having that much courage to write in old syllabus.

kindly suggest me what is the procedure for updating my studentship,procedure for getting CA Final course new syllabus study material and cost for thatand procedure for getting SRO Number Etc.,

Yours faithfully

G RAmesh babu

Sir,

I G Ramesh babu MM No 78587(Hyderabad),completed my CA Inter in Nov 1999 exams and registered for CA Final course,got the material also, No attempt was given till to date.

Now i was realised and decided to continue my studies i.e., CA Final in new syllabus since iam not having that much courage to write in old syllabus.

kindly suggest me what is the procedure for updating my studentship,procedure for getting CA Final course new syllabus study material and cost for thatand procedure for getting SRO Number Etc.,

Yours faithfully

G RAmesh babu

Dear Sir,

One of the Head in our Salary Component is Children Education Allowance can we claim Exemption of Children Education Allowance U/S 10(14) and as well as Deduction of Children Education U/S80 C both at time

Please Suggest

Regards

Ravi Konda

The Company is a Electricity Distribution Company (herein after referred to as “EDC”). It provides supply of Power to various categories of consumers.

In the course of the business, the EDC collects contribution from consumers for laying lines and transformers to the premises of the consumer for providing continuous supply of power to the consumers.

The EDC treats the contribution so received as capital and deducts the same from the cost of fixed assets.

The issue is that one Consumer-Company (herein after referred to as “CC”) wants to deduct TDS from the payment made to EDC towards such contribution treating the same as work contract

My question is “Whether the above payments are covered by any TDS provisions and the CC is liable to deduct TDS on such type of payments”. If so under which section it is covered under the Income Tax.

Under our audit it was found there is a public ltd co, in which they in receipt money which is shown as unsecured loan & as against such they have issued shares & such issue shown as share application money. The amount of loan received is lesser than the amount of Shares Alloted, then how to deal with this case. and if there is excess receipt of loan than shares alloted, then in which time limit the amount it should be refunded

Kindly reply soon.

Hi

I received a bill for Rs.100000, including service tax @ 12.36 It is 112360. to which amount I deduct the TDS kindly advise.

Individual investors holding a US Co. US Co holding an India co. The shares of Indian co distributed by US co to its shareholders as dividends. Eventually, Individual investors hold shares in US co and India CO. I would like to know the capital gains implications on above transaction?
Thanks

Gift received in cash and income tax has been paid on that. Whether any consiquence in Income Tax can be there