Gorthi
11 April 2014 at 15:47
Dear Experts,
What is the TDS liability on employer in following situation.
Profession Charges to Consultant : 50,000
Rent paid by company to land lord towards employee Rent free accommodation : 20,000
Now company deducting TDS on 50 k @ 10% u/s 194 J. TDS @ 10% on rent paid to land lord under 194I.
Now is there any liability on company to calculate perquisite for employee and deduct TDS.
Regards
hiten
11 April 2014 at 11:36
I have sold a property in Sept 2013. I am interested in an under construction property the possession of which is in dec 2017. Would i be liable to pay capital gain tax if i pay the entire amount by Aug 2016. but the possession of which i will be getting in Dec 2017. Is the possession letter letter needed in 2016 ?
avneesh
11 April 2014 at 03:14
mr. x providing motor vehicles insurance service to customer because he is authorized agent of "ICICI LAMBORED INSURANCE COMPANY" and mr. x receiving commission frome said insurance company. Question:- the service provided by mr. x to said company under commission agent will be covered branded service or normal service avneesh.bibhu@gmail.com
avneesh
11 April 2014 at 03:04
mr.a proprietor of ABC & company is providing service under firm name. and also from same premises mr. A is providing another service under his personal name "mr.A" Question 1- only one registration required for both services or separate-separate registration required ? Question-2: what will happen when both services are provided from different-2 premises avneesh.bibhu@gmail.com
ksr prasad
10 April 2014 at 20:33
I, along with 3 more partners have entered into an agreement with a builder for development of a multi-floor residential building on our plots at Hyderabad in a panchayat layout. The agreement was signed last year and as per the agreement, each of us will get 2 flats to be handed over in the next 6 months time. There is no cash or cheque transaction between us. Are we liable for any capital gains tax or any other tax for the 2 flats we are going to own. We have no intention to sell them. Kindly clarify.
Kaushik Nandy
10 April 2014 at 16:24
One of my neighbour is doing gold tonching(trade name) business which is testing of gold ornament sample to assertain karat scale by using computerized heavy machine ( machine price 12 lacs ) and his turnover is approx. 15 lakhs per annum, although as per pratice gold jewellery is considered under micro and small scale industry but this business should come under inspection and testing service simce computerized testing report comes out.....but the his business is not registered under service tax cat.how it is possiable????
Neeraj Kumar Giri
10 April 2014 at 00:33
Dear Experts,
Kindly advise me that If a business man running his business of work contacts and his turnover is above 25 lakhs without getting registered under Service Tax ST-2, in A.Y. 2010-2011, 2011-2012, 2012-2013, and now in the year 2013-2014 he himself registered under ST-2,Now my question is according to Financa Act, 1994 any service provider whose turnover exceed 9 lakh have to get registered under Service Tax, Is the Service Tax Department can sent a notice of show cause for not getting registered under ST-2, before i.e. A.Y. 2010-2011, 2011-2012 & 2012-2013. Is in this above case a omission of law has been done from the assesse part.
Thanking you.
YAGNESH HASMUKH DAVE
09 April 2014 at 13:02
THE JOINT VENTURE PARTNERSHIP CONCERN HAVING PAID INTEREST ON CAPITAL A/C INVESTED BY THE THREE AOP MEMBERS AND ALSO DEDUCTED TDS ON INT PAID ON CAPITAL. WHETHER INTEREST PAID TO PARTNERS AOP ARE ALLOWABLE AS DEDUCTION U/S 40(BA) AS THE JOINT VENTURE AGREEMENT ALLOW THE INTEREST INVESTED BY THE PARTNER IF NOT ALLOWABLE U/S 40 (BA) THEN WHETHER ALLOWABLE AS BUSINESS EXPENDITURE U/S 36 & 37 PL EXPLAIN ME BRIEFLY
Shwetansh
07 April 2014 at 21:07
I SELL MY GIFTED PROPERTY NOW , WHICH WAS GIFTED TO ME BEFORE 40 YEARS AGO FROM NOW.
WILL I HAVE TO PAY INCOME TAX ON AMOUNT WHICH I GOT FROM DEAL. IF HOW TO INVEST THAT AMOUNT TO SAFE ME FROM HIGH INCOME TAX ON IT
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Capital gain
A sold his long term capital asset and invested the entire amount of sale consideration before the due date of filing of income tax return but after the filing of return.
Did she will get the deduction u/s 54F for investment in new capital asset ?