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CA. Pawan Kumar Jain,Nagpur
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4330
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SIVADAS CHETTOOR,palakkad
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3035
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CA SANDEEP D JAIN, NAGPUR
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2900
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CA. VENKITARAMAN K V,PALAKKAD
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2889
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Madhukar N Hiregange,Bangalore
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1978
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View Top 50 Forum Answerers
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| Forum |
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| ID | Description |
| TDS/TCS |
 11080 | E-TDS Correction
I have filled the Quarterly Q-ETDS urn of my clients, however after fillg I have to correct few data, but the origal FVU fill deleted , corrupted. Is it possible to get it from any web site? Also if after fillg the Q-ETDS urn the provisional receipts issued is misplced, can I get it from any web site? '
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by CA. THACKER BIMALKUMAR LAXMIDA 6/22/2009 12:00:00 AM View Answer Total Answers : 3 |
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| 11081 | TDS U/S 194C & 194I
How we can differenciate the agreement as contact U,S 194C and Rent U,S 194I case of Machery hire charges. Suppose for example crane hire charges paid(cludg diesel,driver and work to be performed is on account of owner of crane). '
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by CA. THACKER BIMALKUMAR LAXMIDA 6/22/2009 12:00:00 AM View Answer Total Answers : 5 |
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| 11089 | TDS CERTIFICATES
light of the recent circurs re. UTN generation by NSDL and requirement of UTN to obta the credit for taxes deducted at source - What is the dustry practice - to issue tds certificate or deffer till recpt of UTN ? '
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by ALOYSIUS PINTO 6/23/2009 12:00:00 AM View Answer Total Answers : 5 |
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| 11096 | Recent Clarification on quoting the Unique Numbe r by assesseesto avail credit for TDS
The crification issued by the Revenue is puttg the assessee to unwarranted hardship and he is likely to lose credit for the tax deducted at source for no fault of his. The revenue should be penalisg the Tax Deduter for his failure to dicate the Unique Number the certificate and cannot deny credit for TDS to the assessee. The stitute should immediately take this matter with the fance Mistry and sort out the problem to save the poor tax payer from runnfg from pilr to post. '
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by Viswanathan Mahadeva Iyer 6/23/2009 12:00:00 AM View Answer Total Answers : 5 |
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| 11101 | TDS on Professional fees
An Auditor draws Rs.18000,- and 48000,- a year from 2 different stitutions of the Ma educational Trust. whether TDS u,s 194J on Professional Fees should be deducted?. '
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by shivanand m padennavar 6/24/2009 12:00:00 AM View Answer Total Answers : 10 |
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| 11115 | Procedure of cancellation of TAN Number and Applicability of TDS Provisions on that issues
(i)Repair of Machery from a person exceedg Rs. 00,- a year.
(ii)Payments made to Shippg and Forwardg Agents for freight paid from factory to port, clearg and forwardg charges cludg surance and freight.
'
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by CA Prem Nath Aggarwal 6/25/2009 12:00:00 AM View Answer Total Answers : 6 |
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| 11141 | determination of period of default for delay in deposit of TDS
X limited has deducted Rs. 1.00 cs U,s 194C on 31st March 2009( beg the st day of accountg year. However it did not deposit the tax by 31st May 2009( period allowed under the Act). It wants to deposit the tax by 30th June 2009. The company willl have to pay ter U,s 201 but for how many months ? Further whether this ter can be cimed as busess expenditure? '
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by NIRDOSH KUMAR 6/29/2009 12:00:00 AM View Answer Total Answers : 5 |
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| 11185 | tds on guest faculity teacher in engineering college on contractual basis
Under which section tds has been deducted on gu faculity teacher engeerg college appoted on contractual basis. Whether there is employer - employee ion. refer case ws '
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by NAWAL KISHORE GUPTA 7/3/2009 12:00:00 AM View Answer Total Answers : 8 |
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| 11205 | payment of tds
hi everybody,
Firm AB and co and firm BC and co together entered to an agreement to execute a certa project. This project volved various payments attractg tds provisions.Certa expenses were met from my client AB and few from CD.CD does not have TAN. Hence all TDS obligations are made from my client ABs account. TDS urns have also been filed. Is it ok? Is CD deemed to have met its' tds obligations? '
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by L V SURYANARAYANAN 7/9/2009 12:00:00 AM View Answer Total Answers : 8 |
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| 11220 | Application for non deduction of TDS on Insurance commossion
Can an agent of LIC apply Form 15G for non dection of TDS as his come is below taxable limit or there is any other form for the same? '
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by PAWAN AGRAWAL 7/10/2009 12:00:00 AM View Answer Total Answers : 8 |
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| 11240 | Claim TDS
Our Client has been takg his come on receipt basis & he receipt his fees for the Accountg 2007-08 after deduction of TDS the Accountg Year 2008-09.But the Payee of Fees Filed his TDS urn the year 2007-08.Than which year he cim TDS. '
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by CA. AGRAWAL SUMAN KUMAR 7/11/2009 12:00:00 AM View Answer Total Answers : 6 |
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| 11348 | COUNSULTANCY CHARGES FOR DESIGNING DEVLOPMENT
MY CLIENT IS AN LEATHER EXPORTER AND HAS PAID CONSULTANCY CHARGES EURO FOR DESIGNG DEVLOPMENT TO
PERSON OF FOREIGN ORIG AND THAT PERSON HAS NO BUSESS CONNECTION DIA NEITHER HAD ANY OFFICE DIA WHETHER MY CLIENT IS LIABLE FOR TDS ON SUCH CONSULTANCY CHARGES AND IF YES UNDER WHICH SECTION PLEASE REFER CASE WS AND IS THEIR IS ANY WAY TO SAVE THE LIABILITY OF TDS. '
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by NAWAL KISHORE GUPTA 7/23/2009 12:00:00 AM View Answer Total Answers : 6 |
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| 11404 | CREDIT OF TCS PAID
ITR 1 - 3 THERE IS NO TCS SCHEDULE. SO HOW THE CONCERNED ASSESSEES CAN AVAIL THE CREDIT OF TCS PAID. US 206C WORD IS USED "ANY PERSON". WHAT IS YOUR VIEW '
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by BALAJI.K.B. 7/29/2009 12:00:00 AM View Answer Total Answers : 5 |
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| 11405 | tds us 194c
while makg payment to the buldg contractorrent payment to ndlord caterer which is clusive of service tax whether tax to be deducted us194c from the service tax also. '
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by CA. SINGLA VIJAY 7/29/2009 12:00:00 AM View Answer Total Answers : 9 |
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| 11413 | TDS ON CONTRACTS
MY CLIENT HAVG A CONTRACT WITH A PERSON PAID RS 24000, RS 6000 RESPECTIVELY. ON RS 24000 [BEG PAYMENT EXCEEDG RS. 20000] PAID TDS @ 2.06. IS TDS IS PAYABLE ON RS 6000 AS ON THE FIRST PAYMENT WE DEDUCTED TAX? '
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by JOSHY K G 7/30/2009 12:00:00 AM View Answer Total Answers : 15 |
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| 11440 | Form 15CB
Whether Form15CB is to be submitted case of foreign remittances on account of imports of rialspnt ,payment of sellg commissions to sellg agentspayment of dividend to foreign shareholders? If yes,than under what cuse ?Reasons for non deduction of TDS?If it is not to be submitted than why are Banks sistg for Form15CA and Form15CB for each and every foreign remittance? '
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by Raj Kumar Daga 8/4/2009 12:00:00 AM View Answer Total Answers : 5 |
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| 11476 | Payment for foregin consultant.
A company is makg a payment to a market research consutant(non rent) out dia for the market survey conduted out dia.whether the company need to make the TDS. or can it apply for makg the payment without deductg tax at source. '
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by CA. AKSHAYA B N 8/9/2009 12:00:00 AM View Answer Total Answers : 6 |
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| 11487 | Whether payment of Insurance premium to Insurance companies liable for TDS
One of my client which is a Public Limited Company wanted to go for group employees health surance scheme implemented by various surance companies. The premium amount is more than Rs. 50,000- I wanted to know whether it is necessary for the company to deduct TDS us 194 C for enterg to Service Contract with surance company.
If answer is NO - then kdly provide reference to relevant section, rule, circur or notfication to help it to guard agast future liablity if any.
'
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by VINOD DINKAR PAWAR 8/10/2009 12:00:00 AM View Answer Total Answers : 6 |
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| 11496 | Wrong PAN
For the 2006-07 we have issued tds certificate with wrong PAN wrong credits, can we rectify the mistakes and how to rectify, we need to file revised urn for same? '
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by RAMESH 8/11/2009 12:00:00 AM View Answer Total Answers : 4 |
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| 11534 | TDS for contract 194C-Tamilnadu water supply and drainage board
whether contract payment made to Tamilnadu water supply and draage board attract TDS us 194C. '
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by CA. RAM PRABHU M 8/18/2009 12:00:00 AM View Answer Total Answers : 8 |
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| 11551 | TDS RATE FOR Proprietorship firm
Dear friends,
My client is an EOU and payg taxes at Co. rate of 33.9 due to its status exports. It was a partnership firm 2008-2009. Now converted to proprietor firm- they cim that now they r out of the TDS liability due to change status. Whether this is true? Kdly gv me refce for futher details IT act. '
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by CA. KHONA NILA PRASHANT 8/20/2009 12:00:00 AM View Answer Total Answers : 5 |
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| 11580 | Tds applicability to propritorship firm
Dear friends,
My client is an EOU and payg taxes at Co. rate of 33.9 due to its status exports. It was a partnership firm 2008-2009. They were deductg TDS on follwng payments-
(i) Transport (b) Job work (c) Courier services (d) bour for construction (e) Consultancy services (f) P and fumigation expenses (g) Freight charges paid (h) Contractor payments etc.
Now they have converted to proprietor firm with all assets and liabilities taken over by one the partners. They cim that now they r out of the TDS liability due to change status and hence are not deductg TDS on any of above payments . Whether this is true? Kdly gv me refce for futher details IT act.
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by CA. KHONA NILA PRASHANT 8/24/2009 12:00:00 AM View Answer Total Answers : 6 |
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| 11581 | TDS on Finance Charges
Whether TDS is to be deducted on the fance charges paid to a NBFC company at what rate, where some vehicle is got fanced from such NBFC. '
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by Suresh Kumar Jangra 8/24/2009 12:00:00 AM View Answer Total Answers : 2 |
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| 11605 | tds on rent
a pvt ltd has debited Rs.144000- as office rent pl ac and paid to a dy ndlord durg f.y:2007-08 but the company has not deducted tds on the same thus expenditure is not allowable under sec 40(a)(ia)of come tax act what will company do that the aforesaid rent is allowed susequent year. '
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by NAWAL KISHORE GUPTA 8/27/2009 12:00:00 AM View Answer Total Answers : 7 |
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| 11645 | Reimbursement of commission
Hi Friends,my query pertas to deduction of tax at source on reimbursements... this case, the employer is reimbursg brokerage expense, to their employees, under the Company lease accomodation scheme. The employees pay the brokerage to the real ate agents for g a house. The same is reimbursed by their employers. Is employer liable to deduct tds on such payments. The employer is bookg expense the name of brokerage its books. '
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by CA. ARORA JESSIKA 9/3/2009 12:00:00 AM View Answer Total Answers : 7 |
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| 11646 | Payment to group companies
Hi friends..A Company (A) is sharg some space with its group company (B) and the group company is payg rent to ndlord. The Comapny (B) is deductg tds while makg rent payments. Should the Comapny(A) also deduct tds while payg to its group Company. The tds liability arises even if rent payments are made even if the other party is not the owner. '
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by CA. ARORA JESSIKA 9/3/2009 12:00:00 AM View Answer Total Answers : 9 |
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| 11647 | TDS us 194 J on training
Hi friends..a Company is havg trag done for their employees.Is it liable for tax deduction under section 194J. '
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by CA. ARORA JESSIKA 9/3/2009 12:00:00 AM View Answer Total Answers : 9 |
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| 11654 | TDS
SIR,
1]WETHER TDS ON PAYMENT OF JNG AND PRESSG CHARGES PAID [FOR KAPAS JNG AND PRESSG] TO JNG FACTORY.
2]WHETHER PAYMENT OF BOUR CHARGES PAID FOR CERTA WORK TO BE CARRIED OUT[RIALS SUPPLIED BY THE OWNER].
BOTH THE CASES THERE IS NO AGREEMENT OF CONTRACT.
'
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by DIGGAVI.B.S. 9/5/2009 12:00:00 AM View Answer Total Answers : 6 |
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| 11711 | TDS ON INTEREST PAYAMENT MADE TO CHIT FUND
IF ANY PERSON MADE PAYAMNET OF FANCE CHARGES TER TO CHIT FUND CO WHEATHER THE SAID PAYMENTS ARE LIABLE FOR DEDUCTION OF TDS. '
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by SHOBHIT BANSAL 9/16/2009 12:00:00 AM View Answer Total Answers : 4 |
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| 11720 | Late Depositing TDS
One of My Client deducted TDS on Sub contractor payment durg the month of January09,February09,March09 on 31st march,2009.But entire TDS from January09 to March09 deposited on 25.05.2009 with ter.whether the contractor payment disallowed durg the F.Y.-2008-09.Please sugg how it should be allowed durg the Fancial Year 2008-09. '
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by CA. AGRAWAL SUMAN KUMAR 9/16/2009 12:00:00 AM View Answer Total Answers : 10 |
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| 11762 | TDS
If TDSTCS as the case may be, is not deductedcollected on the exp. , on which it was required to be deducted, say for the month of july 2008, then what is the status regardg allowability of that expense the P. L.ac for the FY 2008-09? '
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by Suresh Kumar Jangra 9/23/2009 12:00:00 AM View Answer Total Answers : 5 |
| |
| 11763 | Rectification in TDS Return
One of My Client has Several FDR s the several family Names Bank Has deducted TDS on it. But the TDS urn wrongly filed by the bank which the name has been wrongly mentioned of other family name .Can the same has been rectified TDS urn for F.Y.2008-09.If So than what is the time limitation for rectification '
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by CA. AGRAWAL SUMAN KUMAR 9/23/2009 12:00:00 AM View Answer Total Answers : 3 |
| |
| 11777 | TDS CHALLAN
X Ltd. has deducted the TDS for A.Y. 2010-11. But chaln it is mistakely written as A.Y. 2009-10. so is there any procedure to rectify it? '
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by GOPAL KUMAR AGRAWAL 9/29/2009 12:00:00 AM View Answer Total Answers : 7 |
| |
| 11781 | TDS on Transporters
Please advice on the followg
Example 1
Transport Services received on 28-09-2009, bill of Rs. 00 received on
05-10-2009 dated 01-10-2009 and bills processed our books the month of Oct 2009.
Example 2
Transport Services received on 28-09-2009, bill of Rs. 00 received on
15-10-2009 dated 30-09-2009 and bills processed our books the month of Oct 2009.
Whether TDS has to be deducted the above examples or not? '
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by CA. SAHU MANOJ KUMAR 9/29/2009 12:00:00 AM View Answer Total Answers : 9 |
| |
| 11791 | What is the rate of TDS if Bill date is 30.09.09
What should be the rate of TDS, if bill date for professional fees for the month of september is 30.09.09 and payment is made after 01.10.09? whether the rate should be changed if bill date for fees for september month is 01.10.09 ? '
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by chunauti dholakia 10/2/2009 12:00:00 AM View Answer Total Answers : 7 |
| |
| 11804 | NEW PROVISION OF TDS US 194C, PAYMENTS OF FREIGHT
AS PER THE NEW PROVISIONS OF COME TAX W.E.F. 1-10-2009, IT SEEMS THAT ANY PAYMENTS OF FREIGHT TOWARDS HIRG, PLYG OR LEASG OF COMMERCIAL VEHICLE WILL NOT ATTREACT TDS US 194C. WHEREAS MEMORANDUM, THE EXEMPTION IS REFERRED TO SUCH OPERATIORS WHO COVERED UNDER THE DEFICATION US 44AE, I.E. HAVG COMMERCIAL VEHICLES NOT MORE THAN 10. NOW AS PER MY VIEW, THE GOVERNMENT MUST HAVE TENDED TO APPLY TO PROVISONS TO SUCH VEHICLE OWNERS WHO OWNS UPTO 10 COMMERCIAL VEHICLES, BUT THE ACT IS COMPLETELY SILENT ABOUT ANY KD OF OWNERSHIP OR RESITRICATION OF VEHICLE. NOW MANY COMPANIES DEMAND RC COPY AND PAN OF ORIGAL OWNER, THOUGH THEY HAVE RECEIVED THE VEHICLES THROUGH CONTRACTORS, WHO DO NOT OWN THEM. NOW PLEASE EXP YOUR VIEW ABOUT THIS ISSUE AND OBLIGE '
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by sanjay chandubhai pandya 10/6/2009 12:00:00 AM View Answer Total Answers : 4 |
| |
| 11805 | TDS ON INTEREST PAYMENT
THE COMPANY HAD ECB FECILITY FROM PUNJAB NATIONAL BANK (HONGKONG). THE COMPANY HAS TO REMIT TER AS WELL AS PRCIPAL AS MONTHLY STALMENT USD. WEATHER TDS WILL BE APPLICABLE ON TER REMITTANCE AND AT WHAT RATE LIGHT OF PROVISIONS US 195. '
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by CA. KOTHARI DEVENDRA JAWANTRAJ 10/6/2009 12:00:00 AM View Answer Total Answers : 4 |
| |
| 11809 | TDS on sponsership
If a company has contributes some money to an associaiton. The association has given free passes for the cultural programme to be held and agreed to dispy the banner for the company, is such payment is liable for deduct TDS and under what section.
Regards
'
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by PRAVEEN JAIN 10/7/2009 12:00:00 AM View Answer Total Answers : 4 |
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| 11818 | Applicablity of Exemption Limit of Rs.20000- and Rs.50000- in case of 194C to transporters
Dear Professional Colleagues.
Please crify Applicablity of exemption limit of Rs.20000- and Rs.00- case of 194C to transporters as special subection has been serted for transporters??
(5) No deduction shall be made from the amount of any sum credited or paid or likely to be credited or paid to the account of, or to, the contractor, if such sum does not exceed twenty thousand rupees :
Provided that where the aggregate of the amounts of such sums credited or paid or likely to be credited or paid durg the fancial year exceeds fifty thousand rupees, the person responsible for payg such sums referred to sub-section (1) shall be liable to deduct come-tax under this section.
(6) No deduction shall be made from any sum credited or paid or likely to be credited or paid durg the previous year to the account of a contractor durg the course of busess of plyg, hirg or leasg goods carriages, on furnishg of his Permanent Account Number, to the person payg or creditg such sum.
Regards,
Piyush Ja
'
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by Piyush Jain 10/8/2009 12:00:00 AM View Answer Total Answers : 6 |
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| 11858 | payment to nri person against supply of plant and machinery to gov iti whether tds matter us195 come
payment to nri person agast supply of pnt and machery to gov iti whether tds matter us195 comes '
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by CA. THAKARE SHANTARAM DAGU 10/22/2009 12:00:00 AM View Answer Total Answers : 5 |
| |
| 11876 | Regarding cess
Dear sir,
From 1St October 2009 onwards whther cess 2+1 is chargable on professional fees along with TDS 10.
What are all under tds cess is not required to be deducted.
regards
k.sathyanarayanan '
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by k.sathyanarayanan 10/26/2009 12:00:00 AM View Answer Total Answers : 9 |
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| 11897 | Set off of TDS deducted US 194C
If a company has paid excess amount of TDS US 194C under sub-headg "TDS on companies" than actual amount payable under this sub-headg.Whether it can set off this excess amount agast sub-headg "TDS on non-companies" under same section 194C the same or next month? '
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by chunauti dholakia 10/31/2009 12:00:00 AM View Answer Total Answers : 5 |
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| 11938 | TDS ON DIRECTOR COMMISSION
Ours is a closely held company.For the first time,
FY 2008-09,We have provided for and now we want to
pay the commission net of TDS.
1.Any approval from central govt form 25A
necessary?
2.Under which section TDS to be deducted?
3.What of TDS to be deducted?
4.Is there any timeframe for payment?
5.Whether provision made without deduction of TDS
is disallowable under IT Act? '
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by K.S.GANESAN 11/6/2009 12:00:00 AM View Answer Total Answers : 3 |
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| 11940 | TDS us 194C,194H,194J,194I,194A
Throw me some light on the of TDS wef Oct2009 '
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by K.S.GANESAN 11/6/2009 12:00:00 AM View Answer Total Answers : 3 |
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| 11947 | TDS on DP charges paid by Stock Broking Company to Bank
A stock brokg company is matag a DP account with a bank. Whether TDS is applicable on DP and other charges paid by Stock Brokg Company to Bank. However, the charges are auto debited by the Bank account of Stock Brokg company and there is no scope to deduct tax from the payment.
Bank says that TDS is not applicable on these charges received by them.
Please answer with relevant sectioncircurcase w etc. '
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by kamal kishore sati 11/8/2009 12:00:00 AM View Answer Total Answers : 3 |
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| 11952 | TDS on Air Cargo Agents
One of my client is a Authorised Air Cargo Agent of Jet AirLes, Kgfhers, Blue Dart and other Airles
As per amendment for the Ay 2010-11 that no TDS is to deducted on Trasporters
I want to know that whether Air Cargo Agent is also cover ubder Transporters or not
and somtimes they make payments to other Air Cargo Agents also so Whether they should Deduct TDS on the Cargo Agents or not
Thanks
Praveen Ja '
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by PRAVEEN KUMAR JAIN 11/9/2009 12:00:00 AM View Answer Total Answers : 6 |
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| 11971 | REGARDING T D S
Whether the TDS Provisions applicable to:
1) Repair of Machery from a person exceedg Rs.00- a year. '
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by CA Prem Nath Aggarwal 11/12/2009 12:00:00 AM View Answer Total Answers : 7 |
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| 12003 | RETURN OF ETDS ON NON DEDUCTION OF TDS ON TRANSPORTERS
CAN ANY BODY TELL ME WHICH URN OR FORMATION HAVE TO BE SUBMITTED COME TAX DEPARTMENT FOR NON DEDUCTION OF TDS ON TRANSPORTERS W.E.F. 01.10-2009? '
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by DEEPAK PAHUJA 11/19/2009 12:00:00 AM View Answer Total Answers : 5 |
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| 12006 | TDS on Leaflets
Is TDS applicable on prtg of brochures, leaflets, calendars etc us 194C.
As rial quion has not substantial value comparison to value of work of prtg.
this connection, please refer to Circur No. 132006 dt 13.12.2006 of CBDT.
What about regur prtg bills?
Regards,
Piyush Ja '
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by Piyush Jain 11/19/2009 12:00:00 AM View Answer Total Answers : 4 |
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| 12010 | Applicablity of Exemption Limit of Rs.20000- and Rs.50000- in case of 194C to transporters who donot
Dear Professional Colleagues. Please crify Applicablity of exemption limit of Rs.20000- and Rs.00- case of 194C to transporters who donot have PAN No.
As special subection has been serted for transporters?? (5) No deduction shall be made from the amount of any sum credited or paid or likely to be credited or paid to the account of, or to, the contractor, if such sum does not exceed twenty thousand rupees : Provided that where the aggregate of the amounts of such sums credited or paid or likely to be credited or paid durg the fancial year exceeds fifty thousand rupees, the person responsible for payg such sums referred to sub-section (1) shall be liable to deduct come-tax under this section. (6) No deduction shall be made from any sum credited or paid or likely to be credited or paid durg the previous year to the account of a contractor durg the course of busess of plyg, hirg or leasg goods carriages, on furnishg of his Permanent Account Number, to the person payg or creditg such sum.
Regards, Piyush Ja '
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by Piyush Jain 11/19/2009 12:00:00 AM View Answer Total Answers : 4 |
| |
| 12011 | TDS liability Us 194C
A Government company is payg Rs 50.00 cs to Pay and Accounts Office(A seperate Government department) as charges for clearg and forwardg goods from the port. Is the Government company liable to deduct TDS from the Government department(Pay and Accounts office). If not, why? '
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by CA. GOYAL BIRENDRA KUMAR 11/19/2009 12:00:00 AM View Answer Total Answers : 5 |
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| 12028 | TDS return regarding salary
as per sec. 192 tds deducted on sary at the time of payment. now suppose if sary of July received on 12 Aug, Aug sary rec on 12 sep, and sep. sary rec on 12 Oct. this case sep sary rec on 12 oct so our liablity of TDs payment is on or before 7 Nov. now my Qs. is for Q2 of TDS urn which due date is 15 Oct.,it is mandatory for tds deposit of sep. sary(rec 12oct.)on or before 15 oct. or Please tell me how we calute months a quater for TDS urn. '
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by CA. SETHI SHEFALI 11/23/2009 12:00:00 AM View Answer Total Answers : 13 |
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| 12116 | TDS on freight
Whether tds would be deducted on freight for import, as wef 1.10.09 no TDS to be deducted on freight for transport of goods other than by railway mode '
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by CA. AGRAWAL RESHU 12/15/2009 12:00:00 AM View Answer Total Answers : 4 |
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| 12140 | Payment made to deceased persons wife-EX GRATIA
Any pamyent made to deceased persons wife the nature of ex-gratia.whether will attract tds under section 192 or not '
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by M.PHANIKUMAR 12/19/2009 12:00:00 AM View Answer Total Answers : 7 |
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| 12151 | TDS on payment the wife of an employee who has died
We are pnng to pay Rs.1,00,000- to the wife of am employee who died. Is it taxable under any sectionsprovisions of the I.T.act. It is not known whether the wife has any earngs. The payment is purely on sympathetic grounds. '
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by M.PHANIKUMAR 12/22/2009 12:00:00 AM View Answer Total Answers : 8 |
| |
| 12168 | TDS on Freight charged by supplier or Manufacturer
Whether TDS is required to be deducted on freight, when supplier of rial his sales voice seperately collectg the freight. Say rial cost 5,00,000 + freight 25,000 + VAT 20,000 total 5,45,000 '
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,03& - ,36 ,39 ,23
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,30&
, . , .
by CA. THACKER BIMALKUMAR LAXMIDA 12/29/2009 12:00:00 AM View Answer Total Answers : 5 |
| |
| 12181 | TDS on payment of consultancy professional fee to Non resident
A non rent legal practicg company based Brazil is engaged to file a legal suit Brazil agast a local company on behalf of a company located dia. dian company needs to remit the consultancy professional fee to the legal practicg company at Brazil.
Whether such come to the Brazillian company shall deemed to accrue or arise dia under section 9 of the I T Act, 1961 particurly view of the expnation serted by the Fance Act, 2007, w.e.f. 1-6-1976, after sub section 2 of section 9 of the come tax Act.
Detailed reply, at the earli, along with relevant case ws favour or agast shall be highly appreciated.
Thanks
CA Bhadada O. P. '
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by Bhadada Om Prakash 12/31/2009 12:00:00 AM View Answer Total Answers : 3 |
| |
| 12211 | TDS US 195 ON PAYMENT TO NON RESIDENT
Applicability of TDS case of payment remitted to non rent (Dubai)for space bookg exihibition to be held at Dubai '
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by CA. VERMA JAGDISH PRASAD 1/9/2010 12:00:00 AM View Answer Total Answers : 6 |
| |
| 12214 | TDS on Payment to Hotels
Dear Sir,
Whether TDS deductible under section 194C the followg case?
My office client is a AOP and a non - profit organization. Its ma activity is conductg monthly cultural programmes.
They call artists and accommodate them hotels. Payments to some hotels exceeds the limit mentioned 194C. The bill will be raised the name of the client and payment will be made by the client.
Can my client rely on the decision taken by Bombay High Court the case "The East dia Hotels Ltd. Jaswant Sgh Bhatia Versus CBDT and UOI appeal No. - 2104 OF 1994 [2009 -TMI - 32651 - BOMBAY HIGH COURT]" and Not Deduct any TDS.
No TDS is deductible under 194I because accommodation is not on regur basis (i.e no room is earmarked for accommodatg artist and there is no legal obligation for the hotels to provide rooms durg the currency of agreement.Actually there is no oral or written agreement)
PROBLEM IS WITH 194C '
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by Sivaraman.A.R 1/10/2010 12:00:00 AM View Answer Total Answers : 6 |
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| 12272 | T.D.S.Deducted or not
Whether T.D.S.deducted or not US 195 on payment to forign supplier for imports of raw rial and other capital goods through Lc or oterwise. If yes , Is the tax dedutible on whole of the sum paid to foreign supplier whether such sum is come or not?
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by RAJIW KUMAR SINHA 1/18/2010 12:00:00 AM View Answer Total Answers : 6 |
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| 12279 | TDS ON UPFRONT FEESYNDICATION FEEMANAGEMENT FEE PAID TO IDBI BANK
Dear sir,
Whether TDS is applicable or not on payment of Upfront fee , Syndication fee , Management Fee Appraisal Fee to IDBI Bank Ltd. agast borrowg of Loan. '
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by atul agarwal 1/20/2010 12:00:00 AM View Answer Total Answers : 10 |
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| 12281 | payment set-off betwwen two section of TDS
My client has paid TDS under section 194J which clude TDS of 194C also, Can i file urn of TDS under same chaln no with diffrent section? '
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by CA. PANWALA KAMLESH AMRUTLAL 1/20/2010 12:00:00 AM View Answer Total Answers : 6 |
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| 12282 | Deduction of Tax Us. 194C of the I T Act, 1961
My client is a Pvt Ltd Company engaged manufacurg of goods. It pays transport charges to different transporters(truck owners, transport brokers, goods transport agency-dividuals, partnership firms and Pvt Ltd companies.All the transport operators mentioned above are havg PAN Numbers. Is my client liable to deduct tax at source from all the payees after 1st October 2009. my opion, TDS has to be deducted from all the payees, except truck operators who own the truck. my opion, TDS is also not to be deducted cases where a sgle payment is less than 30- or where the aggregate payment durg a fancial year is less than 00- '
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by CA. GOYAL BIRENDRA KUMAR 1/21/2010 12:00:00 AM View Answer Total Answers : 10 |
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| 12309 | TDS rate on non resident having no PAN
A new provision g to tax deduction at source (TDS) under the come Tax Act
1961 will become applicable with effect from 1st April 2010. Tax at higher of the prescribed
rate or 20 will be deducted on all transactions liable to TDS, where the Permanent Account
Number (PAN) of the deductee is not avaible. The w will also apply to all non-rents
respect of payments remittances liable to TDS.
Now where DTA rate is 10 and non rent has no PAN, at which rate tax is to be deducted us. 195 read with section 2(37A)(iii).
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by CA. VERMA JAGDISH PRASAD 1/29/2010 12:00:00 AM View Answer Total Answers : 11 |
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| 12309 | TDS rate on non resident having no PAN
A new provision g to tax deduction at source (TDS) under the come Tax Act
1961 will become applicable with effect from 1st April 2010. Tax at higher of the prescribed
rate or 20 will be deducted on all transactions liable to TDS, where the Permanent Account
Number (PAN) of the deductee is not avaible. The w will also apply to all non-rents
respect of payments remittances liable to TDS.
Now where DTA rate is 10 and non rent has no PAN, at which rate tax is to be deducted us. 195 read with section 2(37A)(iii).
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by CA. VERMA JAGDISH PRASAD 1/29/2010 12:00:00 AM View Answer Total Answers : 11 |
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| 12337 | interest on TDS
For depositg TDS, it is practice of a company to transfer requred TDS amount from a bank cc account to another account styled Tax account. and e-payment is made from this account.On due date it has been done and e-payment us 192 is made but due to lk failure, epayment of TDS u.s 194 is deyed for one day.Whether the deducter company is liable to pay ter us. 201(1A) for one month ? '
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by CA. VERMA JAGDISH PRASAD 2/8/2010 12:00:00 AM View Answer Total Answers : 6 |
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| 12338 | Interest on delay deposit
Tax us 194C is deducted on 5th December,09.Due date for deposit is 7th January,10. Now due to lk falure e- payment is made on 8th January. For one day dey that also beyond his control, he is liable for ter for two months (From 5.12.09 to 7.1.10)us. 201(1A).Is there any provision for waiver of ter ? '
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by CA. VERMA JAGDISH PRASAD 2/8/2010 12:00:00 AM View Answer Total Answers : 7 |
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| 12344 | TDS ON HIRE CHARGES OF GENERATOR INSTALLED AT BANK
WE HAVE DOG THE CONCURRENT AUDIT OF NATIONALISED BANK , OUR QUERY IS ABOUT TDS ON HIRE CHARGES PAID TO GENERATOR MAN WHO HAS PROVIDED HIS OWN GENERATOR AND BANK HAS GIVEN CONSOLIDATED AMOUNT OF RS.30000- AS HIRE CHARGES WHICH CLUDES OPERATG,RUNNG NANCE CHARGES AND A RENT. WHETHER TDS HAS BEEN DEDUCTED AT CONTRACTOR RATE OR AT RENT ON PNT MACHERY. '
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by NAWAL KISHORE GUPTA 2/10/2010 12:00:00 AM View Answer Total Answers : 15 |
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| 12350 | transport fees of childrens of employees paid by company
if a company pay transport fees of children of employees, whether it is liable to deduct tds us 194 C or not??
thanks '
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by arun garg 2/11/2010 12:00:00 AM View Answer Total Answers : 9 |
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| 12356 | Is TDS required to be deducted us 194 J on differential amount in excess of Rs.20000- or whole amoun
Is TDS required to be deducted us 194 J on differential amount excess of Rs.20000- or on the whole amount '
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by arpi amish nanavati 2/12/2010 12:00:00 AM View Answer Total Answers : 18 |
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| 12404 | TDS TO BE DEDUCTED OVER THRESH HOLD LIMIT OR NOT
Our Company was payg Rs 9 p.m as rent for usg warehouse FROM 01.04.2009 to 31.12.2009. Before 31.12.09, we are not liable to deduct TDS on Monthly Rent us 194I as total rent payment does not exceed Rs 120000- as specified. After that a new agreement with the same ndlord has been made amount of rent is creased to Rs 12000-.p.m. So the aggregate amount of rent for the year exceeds Rs 120000-. Now we have to deduct tax @ 10. January, 2010.How much Tax to be deducted from monthly Rent Rs 12000- ? '
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by atul agarwal 2/23/2010 12:00:00 AM View Answer Total Answers : 9 |
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| 12422 | TDS on Bank Commission
Whether provisions us. 194H are applicable respct of Commission paid to bank for various facilities like LC, ers credit etc. '
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by Mehul 2/27/2010 12:00:00 AM View Answer Total Answers : 6 |
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| 12470 | TDS on advertisement sales promotion
A company is havg tie ups with theatres where its customers can get free movie tickets subject to certa conditions .However, the company has to reimburse the theatre with the cost of the free tickets so issued to its customers. Is TDS required to be deducted under section 194 C , by the company from the theatre.Or is it just sales promotion expense for the company? '
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by CA. SOORAJ B 3/12/2010 12:00:00 AM View Answer Total Answers : 7 |
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| 13317 | TDS in case of non-resident
An assessee wants to make payments to a firm which is resident of USA for Consultancy Charges i.e. Professional Fees. Article 15 of US Treaty states that: ARTICLE 15 - Independent personal services - 1. Income derived by a person who is an individual or firm of individuals (other than a company) who is a resident of a Contracting State from the performance in the other Contracting State of professional services or other independent activities of a similar character shall be taxable only in the first-mentioned State except in the following circumstances when such income may also be taxed in the other Contracting State: (a) if such person has a fixed base regularly available to him in the other Contracting State for the purpose of performing his activities in that case, only so much of the income as is attributable to that fixed base may be taxed in that other State or (b) if the person’s stay in the other Contracting State is for a period or periods amounting to or exceeding in the aggregate 90 days in the relevant taxable year. As per DTAA, we don’t have to deduct TDS as firm doesn’t have any Fixed base in India , it is taxable in USA and as per Sec 115A (b) rate is 10 we have to adopt DTAA vs. Income Tax Act, whichever is more beneficial . In our case no tax as per DTAA is beneficial. USA based firm do not have PAN in India accordingly to New Sec 206AA if assessee don’t have PAN than rate is 20. Whether Sec. 206AA overrides DTAA provision? Now my question is whether I have to deduct TDS? If yes at what rate I should deduct TDS? by Dipti N. Gosar 9/7/2010 12:00:00 AM View Answer Total Answers : 4 |
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| 13339 | Withholding of tax on payments to non-resident
An individual resident assessee carrying on business in India whose books of account are subject to audit us.44AB of the Income Tax Act,1961 purchased Property Time Share Unit of Eldorado Resorts Corporation,USA for USD 27990 when he visited USA on vacation. The contract for purchase was entered into signed by him in USA on principal to principal basis no agent was involved. A down payment of USD 2799 being 10 of the contract value was made by him at the time of signing the contract through his international credit card. On his return to India, he paid USD 5000 towards the contract value USD 750 towards interest charges at 19 p.a.on reducing balance method through his credit card by sending his authorisation by email to the seller in USA. These international credit card transactions are billed to the assessee through the local branch of the foreign bank paid by the assessee through a local cheque on receipt of credit card statement or bill. The seller in USA has confirmed that they are non-resident in India do not carry on any business operations in India. On the facts of the case as above please clarify whether TDS is applicable 1) On payment of purchase price or contract value. 2) On payment of interest charges due to payment of purchase price in instalments. 3) On payment of annual maintenance charges of USD 1000 to the seller in USA. 4) If TDS is applicable, at what rate tax is required to be deducted in the above three cases. by sudeep b. sarwate 9/14/2010 12:00:00 AM View Answer Total Answers : 4 |
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| 13455 | TDS us 194 A on Interest
One of my client (whose books are required to be audited us 44AB) has to pay interest to LIC Finance Company Limited. Whether my client is liable for TDS out of interest payment to LIC Finance Company Ltd? by akhilesh narayna 10/28/2010 12:00:00 AM View Answer Total Answers : 15 |
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| 13455 | TDS us 194 A on Interest
One of my client (whose books are required to be audited us 44AB) has to pay interest to LIC Finance Company Limited. Whether my client is liable for TDS out of interest payment to LIC Finance Company Ltd? by akhilesh narayna 10/28/2010 12:00:00 AM View Answer Total Answers : 15 |
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| 13481 | TDS on sitting fees
Under what head does TDS be deducted on sitting fees paid to directorsmembers of Boardcommittee? by S.Madhavan 11/10/2010 12:00:00 AM View Answer Total Answers : 3 |
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| 13482 | TDS on Sitting fees
Under which head TDS shouls be charged for sitting fees paid to directors memebers of board committee? by S.Madhavan 11/10/2010 12:00:00 AM View Answer Total Answers : 3 |
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| 13512 | Dedudtibility of TDS on Interest paid to NBFC for Asset Finance
Please inform whether Tax is required to be deducted us 194A on Hire Finance Charges paid on vehicles purchased or other Credit Facilities taken form Financers like Tata Capital Ltd., Ashok Leyland Finance Ltd. , Shriram Transport Finance, etc. When some one purchase vehicle,s etc. from them on E.M.I basis, they take full signed P.D.C(Post dated Cheques)equivellent to the no. of installments to be repaid. Therse NBFCs finance Assets on Hire Purchase System. Kindly inform what are TDS applicabilities us 194A us 194C on these transactions. Please reply quoting necessary I.T Department CircularNotification or case law etc. by pankaj khandelia 11/19/2010 12:00:00 AM View Answer Total Answers : 5 |
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| 13518 | applicability of sec.194J and sec. 40(a) (ja)
My client is dealing in purchase and selling of film rights from producers and others and selling them to TV channels and others. He normally acquires perpetual rights i.e, rights for 99 years and also negative rights from producers. As per the Copy Rights act once a right is acquired for a period of over 60 years the developer of such property (here the producer) looses his rights over the property (film) . Then it amounts sale but not right to use the property, royalty. Once the producer gives his rights on negatives it means he sold his product and he will be left with no right. This also amounts sale of film. As my client is buying the rights for perpetual period i.e, .99 years and negative rights hence under the impression that Section 194J is not applicable to him and No TDS has to be deducted on these payments. But the department is contesting otherwise. Pl advise. Due to some pressure from department he has deducted tax from some producers, but not deposited the TDS. What will be applicability of Sec.40 (a) (ia) in such case? In nutshell my questions are i) Whether TDS is applicable on his business activity ii) Whether sec.40 (a) (ia) is applicable to him as he has not deposited Tds in time on the deductions made on advances paid to parties or purchases made. by J. ANANDA BABU 11/22/2010 12:00:00 AM View Answer Total Answers : 5 |
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| 13519 | TdS on out side Payment
That amount send out side india to a foreign company for exhibition stall booking Charges and stall decoration charges for exhibition out side india whether tds should be deductable if yes which rate or not why in following condition : a) if Foreign company held a branch in india b) if Foreign company not held a branch in india by NARESH KUMAR GOYAL 11/22/2010 12:00:00 AM View Answer Total Answers : 8 |
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| 13520 | TDS on installation charges when bill includes the cost of goods :
Since Installation charges would fall under the ambit of sec 194C. However in case the bill contains the cost of goods (eg: AC, UPS, Scanner Etc) and also contains separately installation charges, On what amount we should be deducting the TDS ? whether on GROSS value of the bill (including the Cost of Goods) or only on installation charges. Since by ref: to Circular 681 dtd Mar 08, 1994 para 7(VI) it is evident that The provisions of 194C section will not cover contracts for sale of goods. Pls give your coments : by HEMANTHA KUMAR.M 11/23/2010 12:00:00 AM View Answer Total Answers : 5 |
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| 13521 | TDS - WHETHER APPLICABLE - PAYMENTS MADE TWDS ESTABLISHING STALL AT EHIBITION
Whether TDS has to be made from the payments towards charges paid for allowing to establish a stall in an exhibition. Pl clarify . If so under what section. by Srinivasarao devathi 11/23/2010 12:00:00 AM View Answer Total Answers : 8 |
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| 13531 | TDS - Foreign payment
I (Trust) have paid USD 3000 to foreign party (france)for installation of software wherther tds applicable,at what rate? by CA. RAM PRABHU M 11/29/2010 12:00:00 AM View Answer Total Answers : 5 |
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| 13538 | TDS ON CAPITAL EXPENDITURE SECTION 40a(ia)
if TDS has not been deducted on capital expenditure then can the same be disallowed us 40a(ia)? (even though the same has not been debited to profit loss account). what is the effect of the same on the depreciation charged on capital expenditure ? by CA. LALITH KUMAR N 12/2/2010 12:00:00 AM View Answer Total Answers : 6 |
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| 13565 | TDS applicability on Bank Guarantee Commission Charges
Whether TDS is required to be deducted on Bank Guarantee Commission Charges paid to Bank under section 194H of I.T Act?? Since TDS on interest paid to banks are specifically exempted by section 194 of I.T Act. So is there any similar provision us 194H for bank guarantee commission charges paid to banks. Kindly quote the prescribed sectionsnotificationcircularcase law if available in this matter. Thanks in Advance to the respondents. by CA. BAIDMUTHA RAHUL NARESH 12/10/2010 12:00:00 AM View Answer Total Answers : 7 |
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| 13566 | Section 194C - Rate of TDS on Sub-Contracting if theres is no clause on Main Contract to Sub-LetSub
If on Main Contractors Agreement there is no Sub-Contracting Sub-Letting clause, and main contractor sub-lets work on full back to back basis to some other contractor or in small parts to various petty contractors then at what rate TDS us 194C be deducted whether @ 1 as it is sub-contracting or at full 2 since main contract does not have any clause regarding sub-contracting. Thanks in advance to the respondents. by CA. BAIDMUTHA RAHUL NARESH 12/10/2010 12:00:00 AM View Answer Total Answers : 7 |
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| 13569 | Actual date of TDS payment if 7th falls on a Sunday.
We have submitted cheque for payment of TDS on 5th June 09 and bank has sent the cheque for collection on 6th June which is saturday. The actual debit in our bank account was on 8th June as 7th was a Sunday. However bank has given us the challans on 9th with 9th as the date. What will be actual date of TDS payment. Whether there was any delay in payment of TDS and whether interest has to be paid. by CA. BABU SHANKAR S R 12/10/2010 12:00:00 AM View Answer Total Answers : 8 |
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| 13581 | e-payment of tds
is e-payment of tds mandatory for all or any of the assesses. kindly refer the rule or notification also, if any. thanx by RAJAT BHATIA 12/14/2010 12:00:00 AM View Answer Total Answers : 10 |
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| 13608 | consequenses of NON E-PAYMENT of Tds
Kindly tell the CONSEQUENSES an assesse can face, if it does not deposit the Tds ONLINE (ie. through e-payment) even though it is liable to.. As Banks still accept the deposit of tds through Challans. Thanx. by RAJAT BHATIA 12/20/2010 12:00:00 AM View Answer Total Answers : 8 |
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| 13609 | TDS on Rent and Maintenance
I want to clear that suppose a company made two separate agreement with another company one for rent another one for Maintenance with single company then what will be the TDS liability on second company on Both agreement, whether sec 194C 194I or only 194I applicable by surendra sharma 12/21/2010 12:00:00 AM View Answer Total Answers : 10 |
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| 13613 | tds on uniform expenses
payment has been made to a tailor for aqyiring uniforms from him. the tailor provided the cloth, stitched it specified put logo on it. wud that b a contract of work (for 194C purpose) or wud it b a purchasesale of goods. on the bill, the tailor has mentioned as "5200 mtrs @ Rs.100 per mtr, Rs.125 per pc stitching charges Rs.20 per pc for logo." kindly tell. thanx by RAJAT BHATIA 12/22/2010 12:00:00 AM View Answer Total Answers : 7 |
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| 13614 | tds deposited in bank
1 of my client deposited TDS in the bank by issuing cheque dated 7.09.2010 for the month of august 2010. Bank processed issued challan dated 08.09.2010. now what wud b the date of depositing of tds, 792010 or 892010 ???? plz tell. thanx by RAJAT BHATIA 12/22/2010 12:00:00 AM View Answer Total Answers : 10 |
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| 13620 | tds on placements
an agency which is a pvt. ltd. company, forwards the resume of the students of an educational institution to different companies. The institution makes payment to the agency as per the bill sent which contains service tax also. now whether tds to be deducted us 194C or 194J? can the agency be said as recuirtment agency as it is charging service tax also.? kindly tell. thanx. by RAJAT BHATIA 12/24/2010 12:00:00 AM View Answer Total Answers : 4 |
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| 13635 | TDS COMPLIANCE US 195
MY CLIENT IS WORKING AS LEATHER EXPORTER ( MANUFACTURING UNIT )UNDER PARTNERSHIP FIRM.THEY GET SOME SERVICES FROM SPIAN THE DESCRIPTION OF SERVICES ARE AS FALLOWS : 1) TESTING OF LEATHER FROM SPAIN COMPANY AS THEIR IS NO OFFICE OF SPAIN COMPANY IN INDIA. 2) DESINGING DEVLOPMENT EXPENSES GIVEN TO ANOTHER SPAIN COMPANY WHOSE OFFICE IS ALSO NOT IN INDIA BUT ONE OF THE PARTNER OF EXPORT FIRM IS DIRECTOR HAVING 90 SHAREHOLDING IN SPAIN COMPANY. MY QUESTION IS THAT WHAT IS THE TDS TREATMENT AND UNDER WHICH SECTION AND WHAT RATE.SECONDLY WHAT ABOUT PAN NO. OF DEDUCTEE AS SAME HAS ALL ESTABLISHMENT OUTSIDE INDIA AND WHETHER THEIR IS ANY WAY TO SAVE LIABILTY FROM TDS AND LASTLY EFFECT OF DOUBLE TAX AVOIDANCE AGREEEMENT. by NAWAL KISHORE GUPTA 12/29/2010 12:00:00 AM View Answer Total Answers : 4 |
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| 13638 | technical servives of hall mark
A is a retail trader of gold Jewelley. He has to obtain certification of Hall mark ( certificate of purity of jewlery ) from one agency .A pays the fee for this hall mark certification. Now question is TDS will be deducted under contract (194c) or as professoional or technical fee . Rate is 2 for contract and 10 for frofessional or technical fee. by Anil Kumar Gupta 12/29/2010 12:00:00 AM View Answer Total Answers : 7 |
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| 13640 | Whether a Trust requires to deduct TDS
My client is a trust ie. educational trust carrying on educational activities. It is regularly filing its income tax returns. Now this trust wants to expand its activities and for that purpose constructing a new building. It has given the contract of constructionto a contractor. Whether this trust requires to deduct TDS while making payment to this contractor ? by Yashwant Jaywant Kasar 12/30/2010 12:00:00 AM View Answer Total Answers : 7 |
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| 13653 | tds on payment made to photographers
payment made to photographers for clicking snaps making video recordings in functions business parties.. whether liable to tds? if yes, then in which section? by RAJAT BHATIA 1/3/2011 12:00:00 AM View Answer Total Answers : 14 |
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| 13655 | TDS ON CREDIT CARD COMMISSION
IS TDS DEDUCTILBLE US 194H ON CREDIT CARD COMMISSIOIN PAID. by KAMAL KISHORE MAHESHWARI 1/4/2011 12:00:00 AM View Answer Total Answers : 6 |
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| 13656 | Bhutan TDS
One Private Limited Company has been provided erection service in the Bhutan and Bhutn Party has deducted Bhutan TDS from the bill.Now my query is that TDS of Bhutan claimed against Indian Income Tax? Is there any bilattaral agreement between Indian Government and Bhutan Government for Income Tax? by Pradyut Meyur 1/4/2011 12:00:00 AM View Answer Total Answers : 8 |
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| 13657 | tds on photostat
is tds to be deducted while payment for photostat(xyrox)??? by RAJAT BHATIA 1/4/2011 12:00:00 AM View Answer Total Answers : 9 |
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| 13692 | NIL TDS Return
Dear All, Is it necessary to file NIL TDS return (form 24Q) i.e we havent deduct any TDS on salary payments as each employees salary is below exemption limit after giving them chapter VIA deductions. Further what abt in case of other than salary TDS returns (form 26Q 27Q).. Best Regards CA Praveen Gupta capraveen@hotmail.com fcapkg@yahoo.com by CA. Praveen Gupta 1/12/2011 12:00:00 AM View Answer Total Answers : 7 |
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| 13693 | TDS Returns
Dear All, can we file TDS returns in case:- we havent deposited the full amount od TDS (i.e. we deducted TDS but deposited less than the deducted amount) Best Regards CA Praveen Gupta by CA. Praveen Gupta 1/12/2011 12:00:00 AM View Answer Total Answers : 4 |
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| 13699 | TDS Return
What is the limit for revision of TDS return. by CA. Pawan Kumar Jain 1/14/2011 12:00:00 AM View Answer Total Answers : 7 |
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| 13699 | TDS Return
What is the limit for revision of TDS return. by CA. Pawan Kumar Jain 1/14/2011 12:00:00 AM View Answer Total Answers : 7 |
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| 13701 | Penalty for late submission of E TDS return
The Company filed the E TDS return in time. However, based on some requests from the deductees, the assessee company had to modify the data and file a revised return. When the revised return was filed, the service provider for TDS returns misled the company and cancelled the earlier filed return and then filed a revised return. Is there any penalty or interest for such filing as the IT Department may consider the revised return date and conclude that the Company is an assessee in default. The quantum of penalty and the manner in which it will be claimed can please be clarified. We presume that the Company who is filing the return will be treated as Assessee and one person for the calculation and is it the correct logic. by G Sathyamurthy 1/14/2011 12:00:00 AM View Answer Total Answers : 6 |
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| 13707 | TDS panelty
Sir what is the panelty if we file the e-tds return late after due date by CA. NAGVEKAR VIDYA N 1/15/2011 12:00:00 AM View Answer Total Answers : 5 |
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| 13718 | Is TDS to be deducted from a foreign (Bangladesh) Company for selling commission?
An Indian company acting as a selling agent of a German company for sale of Engg Product in Bhutan,Srilanka, Bagladesh.It (Indian Company)appointed a Company of Bangladesh as a sub selling agent for sale in Bangladesh.Now the Indian company received Sales Commission in Dollar Currency for a particular sales in Bangladesh.The payment to the Bangladehsi sub selling agent is made in Bangladeshi currency.is TDS To be deducted for that sub selling agents sales Commission? by Pradyut Meyur 1/17/2011 12:00:00 AM View Answer Total Answers : 3 |
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| 13722 | Withhoding Tax
Dear Professional colleague, My client has arranged foreign currency loan from foreign bank branch situated in one country and bank is incorporated in different country. Now as interest is to be paid and withholding tax to be deducted, please guide which DTAA treaty will be used India-Branch Country treaty or India-Registered Office country treaty. As the bank does not have PAN,will TDS will be deducted @20 overriding the treaty provisions. Regards, Piyush Jain by Piyush Jain 1/18/2011 12:00:00 AM View Answer Total Answers : 4 |
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| 13738 | Applicability of TDS rules on a co-operative society
Dear Sir, We have started co-operative society in which we will colleact deposit from its members and provide loans to its members. Wheather TDS reules shall be applicable to the co-operative society by Alok Khamnotra 1/22/2011 12:00:00 AM View Answer Total Answers : 5 |
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| 13749 | TDS
If the deductor of TDS follows accrual system of accoutning and deducts TDS from the deductee in Mar -10 and the deductee follows cash system and recognises the income in April 10, when he actually receives the income , can the deductee calim TDS credit for FY 2010 -11 , since the deductor will have entered FY 2009 -10 in the TDS return which will be reflected in Form 26 AS by CA. SOORAJ B 1/24/2011 12:00:00 AM View Answer Total Answers : 10 |
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| 13749 | TDS
If the deductor of TDS follows accrual system of accoutning and deducts TDS from the deductee in Mar -10 and the deductee follows cash system and recognises the income in April 10, when he actually receives the income , can the deductee calim TDS credit for FY 2010 -11 , since the deductor will have entered FY 2009 -10 in the TDS return which will be reflected in Form 26 AS by CA. SOORAJ B 1/24/2011 12:00:00 AM View Answer Total Answers : 10 |
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| 13779 | Form No.24G Book Adjustment Statement
Dear friends, Please tell me,how to get Accounts Officer Identification number by CA. SAVITHA I K 2/1/2011 12:00:00 AM View Answer Total Answers : 5 |
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| 13830 | Surrender or Cancellation of TAN
An individual assessee discontinued his business on 31032010.His books of account were subject to audit us.44AB of the Income Tax Act,1961 for and upto Asst.Year 2010-2011.Whether he is required to deduct tax at source for payments made by him after 01042010 and continue to file eTDS Returns.From when can he stop deducting tax at source.Also whether he has to cancel or surrender his TAN to the Department.If yes, what is the procedure for the same. by Sudeep B. Sarwate 2/13/2011 12:00:00 AM View Answer Total Answers : 4 |
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| 13845 | TDS on topographical survey work
A work in which scope includes two parts one for topographical survey of land and submission of survey drawings in auto CAD and the other for erecting cast in situ. My presumption is the TDS is to be deducted us 194J as there is technical service involved in surveying land.since the second part involves erection of cast in situ,TDS on this part should be deducted us 194C. kindly confirm whether my presumption is correct or not. by RAHUL KUMAR 2/17/2011 12:00:00 AM View Answer Total Answers : 2 |
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| 13855 | TDS on payment of Ocean Freight to Resident party
Our client who import goods from foreign country and make payment of Ocean FREIGHT to Resident party, whether Income Tax at Source should be deducted? If the party give PAN then Tds is to be deducted or not as per provisions of Section 194C being it is carriage of goods? by SANJAY EKNATH SONI 2/18/2011 12:00:00 AM View Answer Total Answers : 3 |
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| 13859 | TDS Liability
One of my client doing business of Manpower supplying to foreign vessel crew members He get Money from the owner of vessel in US $ in FC account in India He then pay to crew member appointed in their NRE account in $, Whether he is liable to TDS, all the crew members having NRI status Best Regards CA Piyush Nagawat by CA. NAGAWAT PIYUSH 2/19/2011 12:00:00 AM View Answer Total Answers : 3 |
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| 13913 | TDS on Ocean Freight
Sir my query is whether TDS to be deducted on Ocean Freight Paid. PAN is given by the deductee. So same Transporter provisions will apply? or Should i deduct TDS @1? Plz clarify by Puneet Garg 3/7/2011 12:00:00 AM View Answer Total Answers : 1 |
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| 13933 | ocean freight
Is Ocean Freight covered under Transporter Case i.e. on submission of PAN no need to deduct TDS? by Puneet Garg 3/12/2011 12:00:00 AM View Answer Total Answers : 3 |
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| 13933 | ocean freight
Is Ocean Freight covered under Transporter Case i.e. on submission of PAN no need to deduct TDS? by Puneet Garg 3/12/2011 12:00:00 AM View Answer Total Answers : 3 |
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| 13958 | 194-C
When making payment to the transport contractor, income tax not to be deducted, if the person produces his PAN. After getting all PAN from all the transport contractors, in which FORM, we have to submit to incometax department ? by DIGGAVI.B.S. 3/19/2011 12:00:00 AM View Answer Total Answers : 2 |
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| 13972 | TDS US 194 I
My question is with reg to deduction of TDS on payments made for putting up an advertisement hoarding. I have taken the hoarding for advt. purposes from Ms ABC and Ms ABC has taken the sole rights, to provde the hoardings, from Municipal Bodies or from some other person by paying their prescribed feesdues. What is the position for TDS in terms of CBDT Circular no.715 dt.8.8.1995 by UMESH KHANDELWAL 3/25/2011 12:00:00 AM View Answer Total Answers : 4 |
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| 13995 | TDS on hiring of dumpers???
Our company is hiring dumpers on hourly basis for feeding raw-materials into plant for production of finished product. Whether this activity attract TDS us 194I (hiring of plant and machinery)?? by CA. PRUSTY SIDHARTHA SHANKAR 4/4/2011 12:00:00 AM View Answer Total Answers : 7 |
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| 13998 | whether tds provisions applicable to partnership firm in its first year of audit
This is the first year of Audit of partnership us 44AB of Income Tax Act. The question is whether TDS provisions are applicable to the partnership firm from the same financial year or from the next financial year by Hitesh 4/5/2011 12:00:00 AM View Answer Total Answers : 6 |
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| 14009 | TDS on sale consideration of Property payable to non-resident Indian.
A non-resident Indian settled in Singapore wants to sell a residential house (long-term asset) situated in Delhi to an Indian resident. Now the Query is : 1. Whether any TDS is deductible by the buyer while making payment to the seller (non-resident Indian) on sale consideration or not. If yes, then under what section and under what rate ? CA SUNIL AGGARWAL Mobile No. - 9810273317 by Sunil Kumar Aggarwal 4/11/2011 12:00:00 AM View Answer Total Answers : 4 |
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| 14014 | Whether Tax is deductible or not?
We are Partnership Firm and mainly Freight Forwarders and deals mostly into Imports of Cargo Containers etc. Further Most of business is concentrated in China and Italy. We are retained by Indian Importer for Importing Imported Cargo from Foreign Land to India. Activity includes searching counterpart (Foreign Freight Forwarders) located in foreign land, ascertaining from them Ocean Freight Charges, other applicable charges including Services Charges. We do not provide any CHA or C F Services to Indian Importer. Indian Importer pays to us in Indian Currency and in turn we make payment in US dollars to our Foreign Counter parts after submitting to 15CA and 15CB. Payment to Freight Forwarders includes ocean freight, margin of our counter parts and telex charges. Further few Agents charge either profit share or some sort of agency fees in their bill debit note. Till now we were making payment to various freight forwarding agents situated in China and one in Italy. Generally Foreign Freight Forwarding Agents deals with many Indian Agents. However One Freight Forwarding Agent is dealing with very few (read it at only 2) Indian Agents. Further Transaction with this Agent is Regular and amount can be sometime huge. However one of our group company is dealing with only One Italian Freight Forwarding Agent and the wholy and solely are acting on behalf of this agent. We collect the freight as directed by the Italian Counter Part and remit the same after keeping our Margins. The debit note for this effect is issued by the Italian Counter Part. Questions: 1. Whether Queriest is Required to withheld any Tax in India While remitting Ocean Freight and Other Charges, including Profit to Foreign Freight Forwarding Agents. by ketan 4/12/2011 12:00:00 AM View Answer Total Answers : 2 |
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| 14026 | TDS provisions in apportionment of expenses
there is one company ( 1st company) which is having different infrastructure projects on boot basis which are to be executed thro SPVs( Special Purpose Vehicle) ie a seperate company is formed for that particular project. Now the 1st company controls the opeartions of all spvs from its office. Cost of administrative staff, specialised professionals, Engineers (which are not directly allocable) required for all projects are booked in this company. tax is deducted on this salary and consultancy as per the provisions and paid accordingly. Now at the end of the year, expenses incurred are apportioned to those particulars companies by taking a time sheet of that relevant staff. Debit notes for that are issued. Now, my question is will this situation of tax deduction in one company and expense booking in another company will attract TDS non compliance or disallowance of expenses in the books of spvs. by Gauri Deshpande 4/18/2011 12:00:00 AM View Answer Total Answers : 3 |
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| 14056 | Applicability of TDS for Individuals
Dear Forum, My clients (individual) turnover was Rs 100 Lakhs from Business 1 (B1) in 2009-10. In 2010-11 apart from doing B1 he started B2. Now his stand is as B2 was not there in 2009-10 and it is first year of operations I will not deduct TDS for payments made in B2. Is the limit of Rs 40Lakhs mentioned in 194 C is business specific or assessee specific. by Chalapathy Rao M 4/25/2011 12:00:00 AM View Answer Total Answers : 6 |
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| 14058 | TDS on Foreign remittance for membership fees
Whether TDS is required to be deducted on payment of getting membership fees of a foriegn company not having PE in india for doing business out side india by CA Neeraj Agarwal 4/26/2011 12:00:00 AM View Answer Total Answers : 4 |
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| 14104 | NIL TDS RETURN
Sir, Kindly let me know whether TDS Return for NIL TDS is compulsory to file. by AJAY JAIN 5/15/2011 12:00:00 AM View Answer Total Answers : 4 |
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| 14113 | Issue of TDS Cerificate to Transporters
If the transporters(Carting Agent)give correct PA No. on their bills and We have reported those transactions in our TDS Returns with nil TDS deducted and deposited, is is necessary to issue TDS Certificates to the deductees concerned? by Kamlesh Gajera 5/18/2011 12:00:00 AM View Answer Total Answers : 5 |
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| 14117 | fvu files of earlier years
One of my friends has got a notice from the IT Department reg. TDS which pertains to Asstt Year 2009-10. Now his problem is that their company had changed his TDS filing consultant in AY 2010-11 so the new consultant is not having data of prior period. Now we want to get the fvu file for AY 2009-10. I suggested him to get his TAN registered at TIN central system and request the old fvu file from there but unfortunately the old consultant has neither given him the TDS return acknowledgements nor has given him the fvu files. Now my questions are:- 1.Is there any other way by which we can get the data of earlier years ? may be from the department. 2. Has anyone ever done this, what is the procedure for this ? by CA Mukul K Mehta 5/19/2011 12:00:00 AM View Answer Total Answers : 7 |
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| 14145 | TDS ON FRIEGHT PAID TO AIOTA REGISTERED AGENCIES FOR EXPORT
pR-YR 2009-10 EXPORTER OF VEGETABLES TDS COLLECTION WHETHER NECESSARY ? SECTION? ALSO FOR 2010 -11 WHAT ARE THE CONSEQUENCES by CA. MEERA T S 5/30/2011 12:00:00 AM View Answer Total Answers : 5 |
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| 14215 | Applicability of TDS on payment to advocates but expenses recovered from customers
Dear All, Our question relates to applicability of TDS on payment made to advocates but the same is charged from customer. Fact of the case: Assets financing company (NBFC) made payment to advocate for filling case against there defaulter customer and the same is charged in there customer ledger but not deduct TDS on payment made to advocates. Is this correct? Who is responsible for deducting TDS in this case? Regards CA. Praveen Gupta fcapkg@yahoo.com by CA. Praveen Gupta 6/23/2011 12:00:00 AM View Answer Total Answers : 5 |
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| 14222 | Loaded Ground Rent Charged by Gateway Distriparks ltd is subject to TDS
Our Company import material from outside india and when material come in india than from port to gari harsaru (inland container deport) than Gateway Distriparks ltd charges loaded ground rent on daily basis this is subject to TDS or not by Navneet Kumar 6/27/2011 12:00:00 AM View Answer Total Answers : 7 |
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| 14243 | Loaded Ground Rent Charged by Gateway Distriparks ltd is subject to TDS
Which Section of TDS is applicable on Loaded Ground Rent either 194I of 194C by Navneet Kumar 7/5/2011 12:00:00 AM View Answer Total Answers : 4 |
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| 14260 | PAYMENT TO NON-RESIDENT
An Indian Exporter A pays for Inspection Charges to a Non-Resident in Foreign Exchange. Whether these expenses are allowable from business accounts? What is liability of A regarding TDSService Tax etc.? by CA Prem Nath Aggarwal 7/14/2011 12:00:00 AM View Answer Total Answers : 2 |
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| 14293 | TDS on management fee
Whether management fees charged by Asset Management company (PMS)is liable to TDS ? by CA. VERMA JAGDISH PRASAD 7/23/2011 12:00:00 AM View Answer Total Answers : 4 |
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| 14366 | TDS DEDUCTION ON PAYMENT MADE TO TRANSPORT CONTRACTER
SIR... THE HLL COMPANY HAS GIVEN CONTRACT TO TRASPORT COMPANIES LIKE TRANSPORT CORPOATION OF INDIA, FIRST FLIGHT TRANSPORTER, SURAT GOODS TRANSPORTERS ,etc. MADE THE PAYMENT OF Rs. 45000- PER MONTH...(TER 01-10-2009 THE COMPANY HAS NOT DEDUCTED THE TDS BECAUSE THE TRANSPORTER HAS PROVIDED THE PAN COPY . BUT IN SEC 194C THEIR IS A PROVISION FOR THE DEDUCTOR TO SUBIT THE DEATILS OF PAYMENT MADE TO TRANSPORTER IN PRESCRIBED FORMAT (FORM 15J REF RULE 29D)TO INCOME TAX COMMISSIONER PLS ALSO REFER THE FORM 15I RULE 29D IN THAT THE TDS IS NOT REQUIRED IF THE SUBCONTRACER OWES NOT MORE THAN 2 HEAVY GOOD VEHICLES... SO MY QUAIRY IS THAT 1.WHETHER THE COMAPNY IS LIABLE TO DEDUCT THE TAX OR NOT TO PAYMENT MADE TO TCI ? 2.IF TDS NOT DEDUCTED WHETHER IT IS REQUIRED TO SUMBIT THE DEATILS IN PRESCIBED FORM TO INCOME TAX AUTHORITIS?... 3.WHAT IS THE MEANING OF SMALL CONTRACTER CONTRACTER ? THANKIG YOU... S B HIREMATH ARTICLE ASSISTANT MATHAPATI CO CHARTERED ACCOUNTANTS BELGAUM, by SIDDAROODH B HIREMATH 8/20/2011 12:00:00 AM View Answer Total Answers : 3 |
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| 14488 | Adjustment of tax paid
If assessee paid TDS under section 194A 194H by single challan by writing only section 194h,then what procedure assessee should follow to correct the challan. by MANISH AGARWALLA 9/25/2011 12:00:00 AM View Answer Total Answers : 3 |
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| 14489 | TDS in special cases
I am a distributer of a moile company.The company has paid commission to retailers directly by trasfering the amount to my retailers in form of virtual recharge in turn company has deducted TDS on our account showing debitcredit entries to our account. Please suggest me that shall i omit those enteries in my books and not claim TDS on these entries(as those are not part of my income and neither i have transfered any amt to retailers it is the company who transfers the amount). If i incoporate those entries in my books, i will stand liable(will i be liable) for deducting TDS on those which is not possible for me to deduct as i am unaware of amount that is being transfered to the retailers and i play no role in tranfering the amount. Please suggest me the correct accounting treatment for the same. by Manu Kohli 9/26/2011 12:00:00 AM View Answer Total Answers : 3 |
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| 14490 | TDS in special cases
I am a distributer of a moile company.The company has paid commission to retailers directly by trasfering the amount to my retailers in form of virtual recharge in turn company has deducted TDS on our account showing debitcredit entries to our account. Please suggest me that shall i omit those enteries in my books and not claim TDS on these entries(as those are not part of my income and neither i have transfered any amt to retailers it is the company who transfers the amount). If i incoporate those entries in my books, i will stand liable(will i be liable) for deducting TDS on those which is not possible for me to deduct as i am unaware of amount that is being transfered to the retailers and i play no role in tranfering the amount. Please suggest me the correct accounting treatment for the same. by Manu Kohli 9/26/2011 12:00:00 AM View Answer Total Answers : 4 |
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| 14497 | tds on payments to non residents
sir, g pvt ltd entered into design services agreement with tc pte ltd, singapore. tc pvt ltd., does not have any branchliason offices in India and it operates from singapore only, the technical people will be deputed here to carry out the works. as per the agreement the g pvt ltd is to pay the services charges in (USD)$ and in stages upon completion of the scheduled work . let me be clarified on the rates of tds to be deducted and the procedural formalities to be complied if any, apart from filing etds returns on the part of g pvt. ltd., DTAA exists between India and Singapore, which may be noted. by t.j.srinivasan 9/28/2011 12:00:00 AM View Answer Total Answers : 4 |
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| 14510 | refund of TDs @20
A Religious trust having negligible income has some interest income from FD,It is not havung PAN and TDs @ 20 has been deducted by Bank.If it obtains PAN now, Can the bank issue TDS certificate in such cases after obtaining of PAN by Mahesh Kumar 10/4/2011 12:00:00 AM View Answer Total Answers : 4 |
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| 14583 | Payment to Non Resident
Dear sir, One of my client purchased a site from NRI.Whether TDS to be deducted on payment made to NRI towards purchase of site.If at all to be deducted at what rate tds to be deducted by g.v.ramesh babu 11/5/2011 12:00:00 AM View Answer Total Answers : 2 |
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| 14605 | TDS on Stall Booking Expenses paid to Non Resident
We are a medical industry and for the Promotion of our Product we use to go for Exhibition held in Dubai and Germany and for that we have to pay foreign Currency in advance for the Stall Booking and other related Expenses. Whether this amount paid in advance Chargeable to TDS Us 195. And if not chargeable then whether it is compulsory to obtain CA Certificateor to obtain Certificate Us 195(2) from the Assessing Officer before paying the sum..? by VIMAL KUMAR JAIN 11/15/2011 12:00:00 AM View Answer Total Answers : 2 |
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| 14611 | tds on foreign remittance for payment to professionals
what is the rate of tds on foreign remittance for professional services rendered? the rate of tds on professional services for on foreign remittance of different countries.? is there any relief exemptions and how to claim the same? where will i get the rate of tds applicable on foreign remittance for professional services? and other services? by KUSHAL HEGDE 11/16/2011 12:00:00 AM View Answer Total Answers : 3 |
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| 14617 | TDS on Payment to Banks
Whether the TDS is deductible on payment of Upfront Fee, Processing Fee Syndication Charges to a Bank. Our Client has recently taken a loan from a Bank and the syndication is in process. I am able to find one circular which says that no TDS would be deducted on interest payment to banks, but what about payment of Upfront Fee, Processing Fee Syndication Charges, whether TDS is deductible or not ? by CA Mukul K Mehta 11/16/2011 12:00:00 AM View Answer Total Answers : 6 |
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| 14632 | Payment of Foreign Currency for Stall Booking
If Assessee had already made payment in Advance without TDS for Stall booking for Exhibition and that too without taking the Certificate from AO Us 195(2)for Non Deduction of TDS, then whether assessee is liable for penal provisions ? mean to say what are the consequences..? by VIMAL KUMAR JAIN 11/22/2011 12:00:00 AM View Answer Total Answers : 4 |
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| 14715 | TDS ON SERVICE TAX
Bill raised for Rs.40,000- and service tax of Rs. 4,120- total amounting to Rs.44,120- towards professional services. whether TDS to be duducted on Rs. 40,000- or Rs. on 44,120-? by somu balasrinivasa murthy 12/16/2011 12:00:00 AM View Answer Total Answers : 17 |
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| 14717 | 40(a)(ia)
My client made payment of Rs. 13,18,121- to transport company in F.Y. 2008-09 without deducted TDS. AO has disallowed this amount us 40(a)(ia). is there any case law against this disallowance or any other way to we fight in appeal. by HEMCHAND JAIN 12/17/2011 12:00:00 AM View Answer Total Answers : 3 |
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| 14724 | payment to Hotel for supplying Juice and other beverages at event
is it necessary to deduct TDS on payment made to Hotel for supply of juice and snacks at Event organising place? if yes under which section? by SUNIL KUMAR JAIN 12/20/2011 12:00:00 AM View Answer Total Answers : 7 |
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| 14742 | Issue of TDS Certificate in case of Company
Is it possible to download Single TDS Certificate for a deductee for all quarter of a Financial year from NSDL Website. by SUNIL KUMAR JAIN 12/26/2011 12:00:00 AM View Answer Total Answers : 3 |
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| 14744 | NON SUBMISSION OF PAN NO
Since no pan no is submitted to the banker,the banker has deductd the tax @20 and issued tds certificate.Whether credit for tds deducted @ 20 can be taken. by g.v.ramesh babu 12/26/2011 12:00:00 AM View Answer Total Answers : 8 |
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| 14748 | EXEMPTION OF TDS
An organistion has been approved under cluase (ii) of sub-section 35 of the IT Act 1961 read with rules 5C and 5E of the Income Tax Rules engaged in research activities. By this approval of CBDT, the institution is claiming exemption of TDS. Whether this notification is sufficient for us not to deduct TDS on payment to the institution or it has to obtain specific exemption order from IT Authority? by Prasanta Kumar Swain 12/27/2011 12:00:00 AM View Answer Total Answers : 3 |
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| 14760 | TDS Deduction
Is TDS required to be deducted from payments made to Flat Owners Association if the threshold limit is exceeded ? by CA. SOORAJ B 12/30/2011 12:00:00 AM View Answer Total Answers : 6 |
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| 14764 | TDS from salary
Can an employee declare the loss of his two house properties (one self occupied and another let-out) to his employer and if so, whether the employer is bound to deduct tax from salary only after setting off the loss of two houses from the salary income? by Anil Saxena 1/1/2012 12:00:00 AM View Answer Total Answers : 7 |
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| 14773 | TDS on Payments to hotels
Business clients of my company usually came in delhi stay in a hotel.Hotel bill to our company.Whether TDS will be deducted on payments made to hotel. by Sudarshan Dev 1/5/2012 12:00:00 AM View Answer Total Answers : 4 |
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| 14783 | Difference in 26 AS Form 16A
For the assessment year 2009-2010 refund is due to the assessee. 26 AS is reflecting less amount.is there any possibility of getting entire credit as per Form 16A by submitting original TDS certificates to the assessing authority. Does the assessing authority has any discretionary power. by g.v.ramesh babu 1/7/2012 12:00:00 AM View Answer Total Answers : 5 |
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| 14809 | FORM NO 15 CB 15CA
PAYMENT OF CLAIM TO FOREIGN BUYER HAVING NO PERMANENT ESTABLISHMENT IN INDIA ,COVER IN WHICH CLAUSE NO 12,13,14,16, OF FORM NO 15CB,ALSO WANT TO KNOW CLAUSE NO 14 COVERAGE. ALSO WANT TO KNOW IN FORM NO 15 CA, PART B OF PART OF REMITTANCE TDS UNDER SERIAL NO 10 NATURE OF REMITTANCE AS PER AGREEMENTDOCS , CLAIM PAYMENT IS COVERED IN WHICH NATURE OF PAYMENT, BECAUSE IN THAT OTHER INCOME IS MENTIONED BUT OTHER EXPENSES IS NOT MENTIONED by SUNIL KUMAR ABBI 1/14/2012 12:00:00 AM View Answer Total Answers : 1 |
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| 14815 | Record Management Storage Services
We store our records viz. Files Documents in box file with Storage Vendor. There is agreement for storing files documents in boxes supplied by Storage Vendor. Pickup happens by storage vendor from our place and is stored in Warehousesplace of storage vendor in their own boxes duly sealed at time of pick up from our office. However, when retrieval happens its pulled out by storage vendor and either scan image or box file moves to our office. Agreement executed is for storing, inventorisation, transporation and retrieving of files and documents. Whether this service will fall us 194I - 10, 194C-2 or 194J-10. Any case law or judgement to support this type of activity what TDS rate will be applicable with logics. by kapil sethia 1/16/2012 12:00:00 AM View Answer Total Answers : 1 |
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| 14816 | Applicability of TDS on Transaction fee charged by Intermediary for flight booking
We book flight tickets for our employees through corporate intermediary. They charge us fare charged by airline as well flat transaction fee for each ticket. One single bill is raised for totality with bifurcation between Airline fare ( reimbursement ) and ManagementTransaction flat fee. there is no seperate bill for reimbursement of air fare as well Managementtransaction fee. Kindly confirm 1. whether TDS deduction to happen on totality of bill ( Including Reimbursement airline fare ) 2. Whether seperate bill to be asked for - reimbursement as well Managementtransaction fee 3. TDS applicabilty on Total Bill or only ManagementTransaction fee. Also, under which section - us 194C - 2, 194H-10, 194J -10 Is there any relevant case law which support above TDS rate applicability by kapil sethia 1/16/2012 12:00:00 AM View Answer Total Answers : 1 |
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| 14818 | TDS on Salary
An individuals business turnover is less than Rs. 60 lacs during the FY 2010-11. No Tax Audit is required. is he still responsible for deduction of Income Tax during the FY 2011-12 on Taxable amount of Salary being paid to employee. by SUNIL KUMAR JAIN 1/17/2012 12:00:00 AM View Answer Total Answers : 7 |
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| 14849 | Non conequences of TDS Deduction us 194c194H of IT Act
One of my client being an Individual engaged in Service sector i.e. Provision of Advertisement Agency services. it is expected that the TurnoverGross receipts likely to be exceeded the prescribed limit so far Tax Audit us 44AB of I.T. Act is concerned during the Current year i.e.2011-12.Moreover also he obtianed TAN at the end of June,2011 there after he is deducting TDS on Contracts Commission us 194C 194H of I.T.Act respectively regularly same is remitted to Govt.Dept. within time. Now Query is so far period from April,2011 to June,2011 is concerned if certain payments were made without TDS Deductions as at that time Assesse is not having TAN. What shall be consequences for such non deduction of TDS for the period from April,2011 to June,2011. In my view as this is very first year of Tax Audit so the TDS provisions shall be applicable from Next year,hence there shall be no disallowable of expenses us 40 a (i) of I.T. Act for non deduction of TDS particularly for the above mentioned Period. Please comments reply immediately. by SANJAY BAHETI 1/24/2012 12:00:00 AM View Answer Total Answers : 6 |
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| 14852 | Applicability of TDS on Various Payment made by stock Broker to NSEBSE.
Q1. XYZ Pvt. Ltd. is a stock Broker, dealing with NSEBSE and pay penalty to NSEBSE for crossing the limit allowed by NSEBSE, whether this penalty payment to NSEBSE is liable to TDS deduction? Q2. Whether TDS is Payable on Transaction Charges is paid to NSEBSE. Q3. Whether a stock broker can recover excess transaction charges from client, than he is liable to pay to NSEBSE? by GOPAL KUMAR AGRAWAL 1/24/2012 12:00:00 AM View Answer Total Answers : 3 |
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| 14860 | TDS -Co Owners
The co owners of a property have formed an association and have entrusted the association to recieve the rent for the property - eventhough the rent paid to the association exceeds the maximum amout not chargeable to tax , the share of each co owner is less than the taxable limit - so should TDS be deducted in this case ? by CA. SOORAJ B 1/25/2012 12:00:00 AM View Answer Total Answers : 3 |
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| 14892 | E Payment
Is e payment of tds mandatory ??? for Corporate Assessee and those liable for 44Ab .. by Ankit V. Agrawal 2/2/2012 12:00:00 AM View Answer Total Answers : 7 |
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| 14907 | TDS Rate covered us 194C194J
One of My client being an Individual engaged in Security Services Provider to Govt.DepartmentsPSU etc.That is he is providing Skilledsemi-skilled Workers as retired ArmyPolice Personnelstaff at the respective SitePoints.The proprietor is Retired Army Officer. Now query is what the exact rate of TDS to be dudected from Deductee by the Deductor so far Security Service Contract is concerned. Please confirm with latest CircularNotificationCase law for ready reference.As the Dept.said that it covered us 194J i.e. Professional Services. by SANJAY BAHETI 2/7/2012 12:00:00 AM View Answer Total Answers : 6 |
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| 14908 | TDS ON REMITTANCE OF SERVICE FEES TO PAKISTAN
SHOULD ANY TDS BE DEDUCTED ON SERVICE FEES REMITTED TO PAKISTAN? IF SO WHAT IS THE RATE OF TDS? WHERE CAN I GET REFERENCE OR INFORMATION OR NOTIFICATIONS ETC ON THE SAME? PLEASE GIVE YOUR ANSWER WITH NOTIFICATION NO OR OTHER REFERENCE. THANKS by KUSHAL HEGDE 2/8/2012 12:00:00 AM View Answer Total Answers : 3 |
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| 14921 | Tds on payment to contractor for hiring professionals
We are hiring Skilled Manpower (Engineers) through a Contractor (Outsourcing Firm) and those people are working full time in our office. The payment is made to the Contractor on Monthly Basis against submission of Bills. Whether the TDS is deductible Us 194C or Sec 194J ? by CA Mukul K Mehta 2/14/2012 12:00:00 AM View Answer Total Answers : 6 |
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| 14954 | Non Deduction of TDS on Interest
Dear sir, one of our client is a registered under societies act and they invested the amount collected from members into a term deposit and they earned income. whether the income is taxable in the hands of society? they are asking to obtain the non deduction of TDS certificate from the assessing officer. pls let me know the procedure how to obtain the certificate from the assessing officer. pls do the needful. by Datha Prasad 2/23/2012 12:00:00 AM View Answer Total Answers : 7 |
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| 14954 | Non Deduction of TDS on Interest
Dear sir, one of our client is a registered under societies act and they invested the amount collected from members into a term deposit and they earned income. whether the income is taxable in the hands of society? they are asking to obtain the non deduction of TDS certificate from the assessing officer. pls let me know the procedure how to obtain the certificate from the assessing officer. pls do the needful. by Datha Prasad 2/23/2012 12:00:00 AM View Answer Total Answers : 7 |
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| 14954 | Non Deduction of TDS on Interest
Dear sir, one of our client is a registered under societies act and they invested the amount collected from members into a term deposit and they earned income. whether the income is taxable in the hands of society? they are asking to obtain the non deduction of TDS certificate from the assessing officer. pls let me know the procedure how to obtain the certificate from the assessing officer. pls do the needful. by Datha Prasad 2/23/2012 12:00:00 AM View Answer Total Answers : 7 |
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| 14954 | Non Deduction of TDS on Interest
Dear sir, one of our client is a registered under societies act and they invested the amount collected from members into a term deposit and they earned income. whether the income is taxable in the hands of society? they are asking to obtain the non deduction of TDS certificate from the assessing officer. pls let me know the procedure how to obtain the certificate from the assessing officer. pls do the needful. by Datha Prasad 2/23/2012 12:00:00 AM View Answer Total Answers : 7 |
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| 14960 | TDS Return
Hi, While making payment for TDS we have to bifurcate the dedutees as Company and Non Company same we have to do while filing the TDS return, there are several category of deductees. Under which category following dedcutees will be classified. • H — Hindu Undivided Family (HUF) • F — Firm • A — Association of Persons (AOP) • T — AOP (Trust) • B — Body of Individuals (BOI) • L — Local Authority • J — Artificial Juridical Person • G — Govt by CA. PANJWANI RAKESH 2/24/2012 12:00:00 AM View Answer Total Answers : 7 |
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| 14973 | TDS Deduction on membership fees
Is TDS deductible on membership fees paid to MCHI(a charitable trust) as a contribution to corpus? by Mohit Joshi 3/2/2012 12:00:00 AM View Answer Total Answers : 3 |
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| 14980 | TDS ON MEMBERSHIP FEES PAID OUTSIDE INDIA
SIR CAN U GUIDE ABOUT THE TDS ON MEMBERSHIP FEES PAID OUTSIDE INDIA. THANKS by kapil singla 3/6/2012 12:00:00 AM View Answer Total Answers : 3 |
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| 14988 | Filing of NIL TDS Return
if there is no deduction of TDS in a particular quarter, should i file the NIL statement. ? by Charan jeet 3/10/2012 12:00:00 AM View Answer Total Answers : 4 |
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| 14989 | tds deducted in previous year for the income received in subsequent year
One of our clients is giving engineering consultancy services.Our client was appointed by a company on 25th March 2011 for a lumpsum fees of rs 10,00,000.The fees is payable only after execution of the job.The client has executed the job in mid April 2011 and submitted a report along with his bill.The company has paid the fees in the last week of June after deducting TDS of Rs 1,00,000. TDS certificate issued by the company states that the amount was credited in his account on 31st March 2011 and the company paid to the government on the due date. Our client has filed his return without taking in to account TDS as well as the prof fees.His contention was that the job was executed only in the year 2011-12 and therefore he would account this income only in the current year. The assessing officer has added the prof fees and levied penalty,interest and demanding applicable tax.In 26AS also ,the TDS was accounted in AY2011-12. Please let me know whether the assessing officers contention is correct? What action the assessee can take in this situation.Your guidence will be highly appreciated. by T.V.SRINIVASA RAGHAVAN 3/10/2012 12:00:00 AM View Answer Total Answers : 4 |
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| 14990 | TDS ON COMMISSION PAID TO FOREIGN AGENT
Dear sir, Our client, a Company is paying commission to foreign agents for sale of goods out side India 1. Whether the commission paid to non resident agent can be income deemed to accrue or arise in India? 2. Whether tax deduction would be mandatory under section 195 under export commission paid to non resident agent. Regards Atul Agarwal by atul agarwal 3/10/2012 12:00:00 AM View Answer Total Answers : 2 |
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| 14999 | TDS us 195
Indian company wants to make paymet to its group comapny in US. Payment is aginst reimbursement of Expenses. US group company has made payment to law firm in US for patent relate work. Now it has raised debit note on Indian Company, in respect of payment made to Law firm. Will it fall under Fees for included services. Is tds applicable. Whose tds is to be made as services are given by law firm but we are paying to our group company. by Amit 3/12/2012 12:00:00 AM View Answer Total Answers : 2 |
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| 15002 | Foreign remittance
Form 15CA and Form 15CB to be filed in relation to remittances to non-residents under section 195(6) of the Income Tax Act, 1961- whether remittance for import of machinery, raw materials and spares, need to submit the above forms or only for service related remittance ie interest, contract etc by CA. RAM PRABHU M 3/13/2012 12:00:00 AM View Answer Total Answers : 3 |
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| 15120 | Form 49B for proprietorship firm-TAN Application
Can an individual obtain TAN in his individual name and use the same TAN for his two or three proprietorship firms while depositing tax and issuing TDS Certificates.See point No. e of form 49B If individual obtain TAN in the name of his one proprietorship firm (see point No. f of form 49B). Can he use it for his another proprietorship firm. Which course of action is more beneficial to an individual assessee? by SUNIL KUMAR JAIN 4/14/2012 12:00:00 AM View Answer Total Answers : 6 |
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| 15163 | minimum percentage of pan number required for tds return
What is the present minimum percentage of pan number required for filing tds returns. by LIJO JOHNSON 4/28/2012 12:00:00 AM View Answer Total Answers : 9 |
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| 15203 | TDS by bank branch of a Co-operative Bank
Bank branch has received deposit from a customer. Total interest credited in account of a customer is Rs. 6 lacs in a financial year. Customer has submitted form 15G or 15H as applicable for non deduction of tax. Since total interest is more than taxable limit applicable to individual.is branch still required to deduct TDS. or branchs responsibility is over once it received 15G or 15H and non deduting TDS accordingly. Although it may contain wrong declaration from customer about his taxable income. I enquired from a nationalised bank and they informed me that their liability is over once they receive 15G or 15H and they are bound to not to deduct TDS as requested by customer. Kidly clarify the matter. by SUNIL KUMAR JAIN 5/15/2012 12:00:00 AM View Answer Total Answers : 12 |
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| 15204 | CATEGORY OF SERVICE
An assessee is engaged in construction of telecom towers and other ancilliary work related to it for the telecom companies so what will be the category of service ?? by Poonam Chand Soni 5/16/2012 12:00:00 AM View Answer Total Answers : 6 |
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| 15214 | tds on remittence for overseas ticket booking
Our clinet is agent for Europe Rail Services, He books tickets for Railway services across europe. he is entiltled to 7.5 Commission on tikcet fare, no part of railway services are performed in India. They also so not have any PE India. Whether TDS is required to be deducted on remittennce of 92.5 (after deducting 7.5 ) Commission) under section 195 . If yes please give logical answer along with case laws if any. As per my view, no services are performed in india and no PE TDS is not to deducted. Thanking you in advance naresh lakhani by CA. LAKHANI NARESH TALAKCHAND 5/17/2012 12:00:00 AM View Answer Total Answers : 2 |
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| 15215 | 194C194J
Under which section TDS is to be deducted on payment of Supervision Charges to a non qualified person but who have well experience of concerned filed? by CA.Mahesh B Indani 5/17/2012 12:00:00 AM View Answer Total Answers : 6 |
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| 15219 | WCT on Service Tax
is WCT TDS should deducted on gross value (basic+service tax)? by CA. RATHI MAHESH 5/18/2012 12:00:00 AM View Answer Total Answers : 3 |
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| 15259 | View 26AS statement online
I am trying to viewonline 26AS Statement for credit given in the statement. After login made to IT site and after verification of date of birth and verification code site redirects to NSDL site for viweing 26As statement. The message from NSDL site state that "Form 26AS cannot be displayed as insufficient input provided" What does it mean? After providing all required details the It sites redirects to NSDL site hence there is no chance of incorrect or insufficent inpute details. I am experiencing this difficulties since last 4 days for different client and same message appears in all clients. Many members has experienced this problem. Is the problem with Nsdl site? What is the solution?Please guide. by MUKESH PRABHAKAR MUKATI 5/30/2012 12:00:00 AM View Answer Total Answers : 2 |
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| 15261 | LOAN PROCESSING FEE (NBFC) SEC 194A
MY CLIENT HAS TAKEN LOAN FROM NBFC FOR PURCHASE OF A VEHICLE. INTEREST IS SUBJECTED FOR TDS US 194A. THE LENDER HAS CHARGED LOAN PROCESSING CHARGES OF Rs 94,000. IS THIS SUM REQUIRED TO BE SUBJECTED FOR TDS US 194A? by Milind Kshirsagar 5/30/2012 12:00:00 AM View Answer Total Answers : 2 |
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| 15262 | Whether TDS on tailoring commission receipts and if yes how much..
I have a suiting shirting shop. We offer tailoring services also. But tailoring service receipts are under being received in the name of tailor under his firm name. He provides us 30 as commission. Now if TDS is required to be deducted then by whom. whether by tailor it is to be deducted and tds form is to be handed over to the us (shop owner)?? by Aakash Shah 5/31/2012 12:00:00 AM View Answer Total Answers : 5 |
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| 15267 | PACKAGE TOUR - TDS APPLICABILY
THERE IS NO REQUIREMENT TO DEDUCT TDS ON AIR TRAVEL FARE TICKETS BOOKED BY TRAVEL AGENT. WHETHER ON PACKAGE TOUR WHICH INCLUDES AIR FARE - HOTEL ACCOMMODATION - VISA ETC. AND NO SUCH BIFURCATION AVAILABLE IN INVOICE SO WHETHER TDS R | | | | |