If a person got gold by wining a lottery and TDS on the gold
value was not deducted by the deductor. After getting the
gold, the person tranfer the gold to his daughter. After
reading the provisions of the Income Tax Act, 1961, you are
required to state that who is liable to pay the tax on the
value of the gold? and is there any liability of the
Deductor towards non-deduction of TDS?
- 1 Answers
- 2631 Views
- I also Faced
- E-Mail Answers
Answer Posted / seswarca
ur liable for penalty for equal amt for non deduction of tds
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What extra accounts and legal formalities are maintened In excise firm other then normal saling firm.? also tell me tax aspect in Excise firm?
What is the difference between excise & service tax?
If a nri buys property in india, does he has to pay property tax?
if any civil contractor provide service to education institute, then there is an exemption for service tax liability, and he should be quoted it on its invoice, can u provide me sample invoice formats
We don't have PT, s.tax registration. Our firm is 7 years old. If we want to register, what should we do? Any body can help.
What is meant by Cost of Improvement?
What items fall under the category of ‘securities’?
what the procedure of filing mvat pls. explain in briefly ?
How Many Category of VAT in West Bengal
if salary paid per month Rs 80000/ I will deduct TDS from his salary, please what I do explain.(send Urgently)
how to calculate service tax on tds
Define deferred tax liability? What items come under deferred tax liability?
What is the current vat amount of aluminium goods like dishes, buckets etc hsn code is 7615-19
what is procedure to get c form? what is procees to get vat /tin no
we have received TDS Certificate (Form No 16A) from one company, we have checked online credited but they not credited to us (online credit)..how can i refund that amount. pls send us letter format
