Answer / eknath

TDS is income tax. Income tax is liability of every profitable entity. If liability is to be paid in advance or at source on that day it becomes Asset of business

Answer / raghu.v

TDS will deduct on income.

when we provide the service to customer ,they will deduct and will pay remain amount,TDS amount we will consider as asset and same will claim at the time if Income Tax Return( will less on tax paying)

Dear All, My query is related to capital gain on house property. If a pair of husband and wife have four houses in joint name comprising three residential house and last one is commercial property. Now question is that if they sold all property for Rs. 1.00 Crore and took a new residential property for Rs. 1.25 Crore. So are they eligible to full tax exemption u/s 54 and 54 f and they had to not pay any amount of Income tax? And they have also taken a Rs. 25.00 Lacs housing loan to invest the last one. So are they can take deduction u/s 24B and 80C as well? Please note that they have all property in joint name and share is 50% of each. Please guide me for this.

1 Answers  

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If party selled material to us agst c form in FY 2008-09, can we booked that bill in apr-09 (FY 2009-10). Is there any problem for issuing "c" form?

3 Answers  

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In advance c form dvat why not showing the amount in form verification

0 Answers  

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How can you know assesse type for tds deduction from PAN No. Like Company,association like that

2 Answers   National Safety Council,

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Does the tax liability of an individual get affected due to his residential status? If yes, explain.

0 Answers  

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if we are purchase in 45 vat tax than we can deduct tds on contract

0 Answers  

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can we take 100% input of contractor service tax billing where service receiver have to pay 50% service tax

0 Answers  

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I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com

0 Answers  

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scrap material value 5000/- vat rate is 5%+tcs. now my question is 1.how much value of tcs & vat. 2.after taxable value add vat or add tcs (before vat or tcs) & how much value of vat & tcs. Plz reply me

2 Answers   Mesco, Navayuga,

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What will be the rate of TDS on contractor if the amount paid in a year crosses Rs.75000/-

6 Answers  

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What are TDS rates for the year 2007-08

2 Answers   Syntel,

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how we can access the Tax Deduction through PAN ?.

0 Answers  

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