TDS to be on Full payment including any reimbursement

Someone Asked on this BlogClearing & forwarding agent bill ,apart from its professional fees also include other expenses like custom duty & port charges.Do...

Labour supply contracts invites TDS provison.

Someone Asked on This Blog"Company A' employees are working in Company B. i.e. Company A providing labours to company B.Company A makes salary payments...

Five things you can’t afford to forget about TDS?

I Lost TDS Certificate. What should I do?Apply to the person deducting tax at source;l who should issue duplicate certificate as per Rule 31(4)...

If a residence has co-owners, can the rent be split up for determining the...

No, rent on the property shall be subject to TDS without split up.That is the payer will deduct the tax at source on gross...

Can A.O. allow deduction at lower rate in case of TDS u/s. 194J ?

No, the power of A.O. to issue such certificate has been omitted w.e.f. 01.06.03.

In case branches are also deducting taxes along with Head Quarter, who will file...

Separate returns have to be filed, both by branch & H.Q. Refer circular no. 769 dt. 06.08.98 and 790 dt. 20.04.2000

Who are "Professional" or "Technical service" providers for the purpose TDS u/s. 194J ?

Professional services mean: A) LegalB) medical.C) Engineering.D) Architectural.E) Accountancy.F) Technical consultancy.G) Interior decoration.H) Advertising.I) Authorised Representative.J) Film Artist.K) Company Secretary.Technical Services mean any service...

My company has five branches.Are branches also require to obtain TAN separately ?

No, branches are not person as defined under section 2(31). So, it is not required

Is commission paid to non-resident broker for services given outside India subject to TDS...

If non-resident operates outside India and gives services confined to other countries, payments in that case is not subject to TDS. Relevant circular is...

Can I set-off of losses under capital gains?

Yes. Sure.1) Short term capital loss can be adjusted with Long Term Capital Gains.2) Unadjusted part of Short Term capital loss can not be...