Should We Deduct Tax on Payments to IAS Assocaition ?

Is event sponsorship subject to tax deduction at source?My company paid a certain sum to an IAS association for their organising an event. What we paid was a certain % of total cost.This association does not have its PAN and as such, payment was made without tax deduction at source.
Vimal Kishore  Soni , Barmer
The provision [...]

Should Payment For Booking Exhibition Space Abroad Suffer TDS?

We are running an educational institution and accordingly we have booked an exhibition floor space in uae as a part to promote our institution . now the question is that the company which is organizing is a foreign company say ( international exhibition llc). it is not having any permanent establishment in iIdia . do [...]

Is Sitting Fee Paid to Director Taxed as Salary or Income From Other Sources ?

Sitting fees received by the director on attending the board meeting is taxable under which head . If on sitting fees t d s has been deducted under 194J ie professional will it be taxed under salary or other source.
Alka Gaglani, Mumbai
There has to be employer & employee relationship for treating a receipt by a [...]

IS TDS on Payments to Friend as Consulatncy Fee Necessary?

Hi, I have a proprietorship concern. I have to pay 50% of the profits to a friend of mine who helps me in the conduct of business. He desires that that money be paid to him as consultancy fee. I do not have any registration other than PAN card. He is also not registered anywhere [...]

Download Book on TDS on Salaries by CBDT!

Taxpayer series published by Income Tax Department has the title “TDS on Salaries”.The preface of the book says
The provisions of the Income T ax Act relating to Tax Deduction at Source from Salaries are of immense importance in the context of present scenario when TDS collections account for almost 30% of total collection of [...]

Should TDS From Prize Money Be Refunded To A Person Having No Taxable Income?

I want to know about TDS, since I won a contest in which I got 1 Lakh cash prize and TDS of 33.6% is deducted from that amount, since I am a student with no income, so whether that amount will be refunded to me and if yes how. Atul Vohra , Shimla

No, the amount [...]

Is TDS Required If Only Provisions For Expense Made?

I would like to know about TDS deductible on provision for expenses. Suppose at the end of the year, many provisions are made, say as on 31/03/09 for various payments like payments to contractors, auditors, where in normal course, TDS is applicable. In this provision case, I am simply making a provision & not crediting [...]

Can You Prevent TDS on Payments To Non Resident?

Yes, there is a  way to prevent TDS on the payment to Non Resident. It may be partial or full . The provision regarding relief from tax at source is provided in the same provision i.e section 195 of the I T Act. The scope is given under subsection 195(2) which  states that if the [...]

Are Individuals Foreign Citizen Exempt From TDS?

Should a private ltd company in India has to deduct TDS on payments made to an individual, who is a foreign citizen of Holland? Prabha G, Chennai
Your question is very general in nature.
Section 195 of the I T Act  provides for deduction of tax at source in case of payments to non resident. It [...]

What is Rule of Filing 15G to Prevent TDS?

I am a male of 60 yrs, resident, having business in Delhi. My estimated total income for FY 2009-10 is 200,000/.I have invested Rs 70,00/= in PPF. Now my taxable income is 200,000- 70000 = 130,000.  Since Rs 130,000 is below the taxable limit of Rs 160,000 this yr ,I want to invest in senior [...]

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