No TDS on distribution of assets on liquidation 
If there is "accumulated profits", to that extent the distribution of assets whether capitalised or not, shall be taken as Dividend but not subject to TDS since the Dividend u/s 10(34) of the I T Act is exempt from tax .However , Company has to pay t...
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F. A.Q. on Indian Income Tax Laws!: No TDS on Interest Below Rs 10000 For Senior Citizen!
Good news for all senior citizen. Now , there will not be TDS on interest earned on Senior Citizen Scheme 2004 and other bank /Co-Operative interest if the quantum of interest is below Rs 10000. The law is effective from
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F. A.Q. on Indian Income Tax Laws!: What Can Be Done to Reduce TDS on NRI's Property Sale?
I am a NRI and I bought a apartment in Bangalore in Feb 2006 for Rs27 lakhs. I spent another 11lakhs for interiors/registration,service tax etc. So I spent a total of about 38lakhs for the apartment.Now I am planning to sell it for 49.25lakhs. What w...
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F. A.Q. on Indian Income Tax Laws!: Is Payment to Hotel Liable to TDS?
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F. A.Q. on Indian Income Tax Laws!: How to Confirm If Your TDS was deposited by Deductor?
Thanks to online initiative taken by the government, now anyone whose tax has been deducted at source can VIEW if the tax deducted is deposited with the government . Do you want to view? This facility is being provided by NSDL through which Tax infor...
-was-deposited.html
F. A.Q. on Indian Income Tax Laws!: Lost TDS Certificate? Apply For Fresh One!
My client has deducted TDS from payment. I have lost the same. How to find out how much tax my clients have deducted and deposited to income tax department. whether I can find out from my PAN. babhide@mail.com Since , your problem is that TDS certifi...
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F. A.Q. on Indian Income Tax Laws!: TDS on Gross Amount Including Service Tax!
1. Whether TDS has to be deducted on the Gross amount of Bill, inclusive of service tax and sales tax if any, under section 194I (Lease rental Payments). Or it is applicable only on the Income Portion. manesh_jose@yahoo.com 2. Ours is a Pvt. Ltd comp...
luding-service.html
F. A.Q. on Indian Income Tax Laws!: Windows Licence Fee Is Subject TO TDS !
We have purchased windows 2003 license,i.e only documents,costing around 4Lakhs,and CDS worth 10,000.,and there is no installation,or service provided by them,my question is do we have to deduct TDS for this ? I am in a dilemma please reply and thank...
subject-to-tds.html
F. A.Q. on Indian Income Tax Laws!: Non Issue of TDS Certificate Will Make Deductor Liable To Penalty
Non Issue of TDS Certificate Will Make Deductor Liable To Penalty Our client has deducted the TDS amount in the Fy yr 2005/06, So we have already taken the claim for the said deduction while filing or returns. But even after numerous calls to our cli...
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F. A.Q. on Indian Income Tax Laws!: 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 p...
not-claimed.html
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