Hello guys
I have one question which is that
If any employee or Director of our co. stay in hotel for business purpose & pay by Cash/Cheque/credit ot Debit Card then the Tax should be deducted in 194I [ Limit is 120,000.00 ] or 194C [Limit is 20000 for one time or 50000 in a year].
Tell me
Am I right ?

Thanks n regards.
your friend
Mukesh Kumar

Dear ALL

In our company TDS from employee salary deducted on declare basis,we have not received any proof of investment,House rent paid,etc.and Return is also filed in income tax dept.

what is the income tax law if employee could not produce investment & house rend paid proof.

& whose liability to collect proof of investment.

can a partner of a ca firm in practice become the Satutory
Branch Auditor of a PSB in his individual
capacity, or in the name of his proprietary firm in case firm in which is
partner is the SBA of another PSB.

if a person has deducted more tds then required and have deposited the amount what procedure shud he follow

i have made 2 agreements with one person :

one for the rent of a buliding at 9500 p.m.

one for the rent of furniture in that building at 6000 p.m.

my total rent payable exceeds 120000 but individually i m under the said limit.

Do i have to deduct tax while paying rent to the person??

if i had made one agreement for both the building and furniture at the same rate as above then how much tds i wud have to pay??

Can anyone tell me from when which Assessment Year or the circular no.) is the long term gain on sale of shares exempt from tax?

i would like to know what is the rate of interest on refund?
i read its between 5 to 13%
please inform about the exaCT rate n also the notification for it.

Whether Interest paid on laon taken from parents or grand parents for purchase of House Property is allowed as deduction? Again as per sec24b a certificate is required for claiming the deduction of interest, so in the above case who will provide the certificate?

What is the composition of Ten Digit PAN no.

MR X OWNS BLDG COST OF ACQUISITION RS 5 LACS GIFT THIS BLDG TO HIS SON Y BLDG FECTCHING RENT OF RS 30 PER MONTH WHETHER THE CLUBBING PROVISION WILL ATTRACTED