What are the criteria to avail lower deduction of TDS & why
the lower TDS deduction certificate issued?
Answers were Sorted based on User's Feedback
Answer / avadhut
If any organisation comes in to the loss in the financial
year then the organisation can claim to the IT department
by filling form no.13 rule 28 & 37 G by presenting the
balance sheet of current year & provisional year for
assessing the tax liability for that year. Then the
assessment officer will issue the lower deduction of tax or
Nil certificate. organisation can issue this certificate to
the customer for non deduction tds from our bill or
receiving payment.
| Is This Answer Correct ? | 19 Yes | 5 No |
Answer / anju
not statisfactory answer.
Plz post the details answer.
| Is This Answer Correct ? | 12 Yes | 3 No |
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.
what is the exact meaning of cst? what is its usage and what are the benefits of c form?
SIR, I HAVE SOLD GOODS FORM FARIDABAD TO MUMBAI ON 2007 AND PARTY HAS PAID MY INVOICE VALUE AND NOW WE ASK FOR C FORM , THEY IGROGE TO PROVIDE C FORM AND SAY WE HAVE PAY YOU YOUR INVOICE AMOUNT. SO HOW MUCH PANELTY AMOUNT SHOULD SALESTAX DEPARTMENT WILL CHARGES FROM US IF NOT PROVIDE C FORM. PATY ALSO SAY TO TEL US PANELY AMOUNT ? THEN THEY CAN GIVE PANALTY AMOUNT BUT NOT C FORM ? please reply soon
if we sent our goods for selling purpose to our agents outsight the state, is there any need of sending c form to him or form 38
How can you know assesse type for tds deduction from PAN No. Like Company,association like that
2 Answers National Safety Council,
1. while making invoice of import ups then dealer charge the service tax then it is included in the bill or not. 2.Or we make to separte invoice for service charges.
if bank deduct the tds, it should show in p&l or balance sheet?
Can I make a my HOUSE RENT AGREEMNT in the favour of my wife (LAND LORD) of Rs. 25000/- (twenty five thousand per month). if yes then what are the liabilities on me and my wife (land Lord) w.r.t INCOME TAX Act.
I want to know whether entry tax is applicable for capital goods imported ? and is it applicable if imported capital goods purchased from dealer?
how to deduct tds on rent? how to deduct service tax?
What is the difference between Direct &indirect tax?
WHAT IS THE DEPREATION RATE FOR COMPANY, EXPLAIN DETAILD WITH EXAMPLE & ENTERY , PLEASE GIVE ME THE DETAIL OF IT ON MY E.MAIL sonidilip87@yahoo.com