Taxi Rental Is Subject To TDS!

"My name is Hardeep Singh.My work is to give taxi to company on hire basis.I send the bill to companies.Some companies say it will cut tds 22% and some company cut 15%.Pl guide me: hardeeptravels371@yahoo.co.in The hiring of taxi is now subject to TDS u/s 194 I . Under...

Claim Credit for TDS, Not Claimed Earlier!

"1.Our client has deducted TDS on professional fees and we got the payment in the FY 2005-2006. In spite of several reminders we have not got one TDS certificate. At the time of filing return we have paid that amount for which we have not got TDS as per our auditor. If i get...

Claim TDS in the year you show Income.

"Claim TDS in the year you show Income. Someone Asked in a Yahoo Group Can anyone throw light on the following: Q1. The assessee has received a TDS certificate for FY 0506 towards TDS deducted on advance payment made by a Customer in FY 0506. However, the asseseee is going to...

No TDS on payment to Non resident Consultant!

"No TDS on payment to Non resident Consultant! Someone Asked on This blog Is TDS applicable to foreign consultant who renders service outside India (namely in USA). Foreign consultant is US based and does not have PE in India. From: sundar.prakash@hotmail.com In my view , TDS...

Is Software Rental subject to TDS ?

"Is Software Rental subject to TDS ? Someone Asked on Yahoo group Does 194I / 194C applies for payment of lease rentals for software? 1. Simple question has no simple answers ! Covered under Section 194 C ? 1. 194C covers general works contract this section...

Even Autonomous bodies of States are subject to TDS!

"Even Autonomous bodies of States are subject to TDS! Advanced Topic Is Panchayat Udyog exempt from Income Tax, if yes on what grounds, If there is any section/direction/ notification, kindly give detail, TDS has been deducted wrongly by some dept. on furniture supplied by...

No TDS on distribution of assets on liquidation

"No TDS on distribution of assets on liquidation Someone Asked On This blog A Pvt Ltd Company is under Liquidation and there is excess of assets over liabilities( due to accumulated Profits) which the liquidator wants to distribute among the shareholder. What are the...

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