Anonymous
03 September 2011 at 12:11
The maintenance service of our office Building is providing by an Association formed for that by the Landlords(maintenance charges to be paid was not mentioned in the rent agreement).Is TDS is deductable on maintenance charges(office building Commercial use)?
The said Association has submitted invoice along with photocopy of their payments vouchers. The expenses includes electricity charges(supported by electricity company bill), night guard and sweepers salary and maintenance charges of lift etc. (Photocopy of payments voucher we have not verified their Account for salary ,maintenance charges)
The Total yearly expenditure would be more than Rs. 75,000/- .The association has opinion the TDS is not deductable as they charging on actual payments basis.Please help me.
Anonymous
03 September 2011 at 00:03
ONE COMPANY HAS TAKEN A RENTAL PROPERTY FOR A MONTHLY RENT OF RS 50,000/- HAVING 5 OWNERS ALL ARE RELATIVES. RENT IS PAID BY CHEQUE TO EVERY INDIVIDUAL.
MY QUESTION IS HENCE THRESH HOLD LIMIT DOES NOT EXCEED BUT RENT WHICH IS PAID BY THE COMPANY IS RS. 50,000/- IT MEANS RENT PAID BY THE COMPANY EXCEEDS THE THRESH HODLD LIMIT.
TDS WILL BE DEDUCTED OR NOT.
IF THERE IS ANY CIRCULAR PLEASE REFER IT
REGARDS
SUBHASH SHARMA
ADVOCATE
M-9891338895
Anonymous
02 September 2011 at 12:31
My relative wants to buy property in Jade garden, sadahalli, Bangalore where the plot usually exceeds 500 sq.mts. and it is under gram panchayat, not BBMP.
For wealth tax purposes, does it come under its net? If so, is it to be paid for the entire 600 Sq.Mts. or only 100 Sq.Mts which is in excess?
My relative wants to buy this property but only if it does not attract wealth tax.
Is this plot in Sadahalli urban land or not?
visu
02 September 2011 at 05:32
Is VAT refund allowable by submitting form W for partly exports.
How do we classify the amount of purchase to match with Export sales.
Is it allowable even for Deemed export and DEPB sales.
Experts..
Pl. comment and advise
ANAND SHARMA
01 September 2011 at 18:20
Dear Experts
One of my client having the business in Delhi and have to deposit the tax under the D-Vat Act,inadvertently he deposited under the CST Act and in Central Act his Turnover is zero ultimately cst tax liability is Zero, whether the assessee can vice-versa
With Regards
Anand Sharma
Member (Account Deleted)
01 September 2011 at 16:57
Dear Experts
I had filed the return for financial year 2010/2011 last year in Juny 2010 and today I got a call from the Income tax office that a Scrutiny notice was sent to my address in Aug, 2011 which came undeliverd back to them.
Income tax officer told me over phone that I need to come to the Income tax office and receive the notice.
Kindly advise what can I do since I have not received the notice and please also advise whether this is VALID to call people to come and receive there notice?
Income tax office must have the address in there records.... Please advise what shall I do?
Devender Chauhan
01 September 2011 at 10:53
A person have balance of MAT Credit of previous years, & he want to set off this credit while calculating the tax liability of AY 2011-12.
While calculating the tax weather the person first should calculate the tax liability including cess & then deduct the MAT credit
OR
Should he first calculate the tax (excluding cess) & then adjust the MAT credit & then calculate the cess liability on balance amount.
According to me the first option should be followed but when I entered the data in Webtel software then the software followed the second option. The second optiion will reduce the cess liability of the payee & I think it is not correct.
Kindly advise..........
The question was also posted on caclubindia but don't get any proper reply...
the link of the same is:
http://www.caclubindia.com/forum/mat-credit-165061.asp
R.PRABHU
31 August 2011 at 23:49
I had rented my house in Bangalore, to a business person, doing business in Hosur- Tamilnadu. The house was let out for residential purpose.
The tenant stayed from 1997 to 2004 and vacated the house.
In his filing with tax authorities, above tenant has filed with my house as corporate office. As per Tamilnadu sales tax, he has defaulted on payment of sales tax to Tamil nadu government during 2002 to the tune of Rs 10 Lakhs.
Assistant commissioner of Hosur zone along with a present director of above company have issued notice to me in April 2011 (received by me in August 2011), intimating that I am liable to pay the above sales tax.
It is not clear to me how Government can issue a notice to me. I would be greatful if any of the experts can advice me how to deal with above.
Thanks in advance.
R.Prabhu
saurabh
31 August 2011 at 17:05
CAN ANY PROVIDE THE DETAILS OF COMPOSITION SCHEME FOR WORK CONTRACTOR UNDER RAJASTHAN VALUE ADDED TAX ?
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Tds-maintenance charges of office building
Dear sir/ Madam,
An Association formed by the Building owner providing maintenance of our office Building. Till June'11 we have been paid share of common electricity charges amounting to Rs.24,000/- From July onwards they have included share of Security Guard salary,sweeper salary, lift maintenance charges,borewell repair charges etc. and per month that would come Rs.8125/-only.( This will come Rs.73,125/- only)
My question is
1.TDS deductable on payment of Maintenance charges ?
2. while calculating ceiling of Rs.75,000/-is we have to include the amount previously paid i.e. Rs.24,000/- share of common electricity charges based on electricity company bill?