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TEXT: President Patil's last address to Parliament

President Pratibha Patil on Monday addressed Parliament for the last time as President when she flagged off the Budget session. Here's the text of her speechHonourable Members I welcome you to this......

Quit India, Mumbai says again

Sixty six years after the clarion call went out from Bombay's Gowalia Tank asking its rulers to Quit India, the citizens of this amazing city came together in their thousands on Wednesday evening......

ED's notice to BCCI regarding IPL II fund transfer

The Enforcement Directorate has issued notice to the BCCI to explain transfer and routing of funds to the tune of Rs 1,600 crore in the conduct of the second season of Indian Premier League cricket......

IPL stars may lose one-fifth of earnings as tax

The Income Tax department which is probing all financial transactions of the Indian Premier League (IPL) has advised all foreign players to obtain PAN cards, failing which they will have to pay......

'IPL franchises defaulted in paying TDS returns'

The Income Tax department has claimed to have found defaults in the payment of TDS returns by the IPL franchises to various service providers in its ongoing probe into the tournament's finances.The......

I-T issues notices to Knight Riders, Gameplan

The Income Tax department has issued notices to Knight Riders Sports Private Limited and Gameplan Sports to appear before it in connection with the recent search operations at the offices of the......

  People speak for mumbai tds

  • QNA
Q. I want to buy a flat in Mumbai from a person staying abroad for more than 12-13 years. He is neither having Indian citizenship,nor filing IT return, nor having Indian PAN No. nor any Bank a/c.He purchased flat in 1989 at Rs. 1.50 lacs & sell at Rs. 17 lacs.The agreement can be signed in Sept.2008.My questions are: 1.Is it must to have PAN No. of the seller for registration of Agreement?2. Is Income Tax applicable to the transaction? How much? 3. How to pay TDS on capital gain?4. What are the precautions/approvals required to be obtained by the seller or me? Pl. reply.
:  A. Yes PAN Card of the seller would be required for the seller as he will be required to file Income Tax Return & pay Income Tax on the Long Term...... more

http://qna.rediff.com/questions-and-answers/i-want-to-buy-a-flat-in-mumbai-from-a-person-staying-abroad-//answers/10429322

Dinesh J Darji
Q. in mumbai jurisdiction how much Tds Will calaculated & on which amount will calculate
Dinesh J Darji:  A. You can file return after 31st March 2008. more

http://qna.rediff.com/questions-and-answers/in-mumbai-jurisdiction-how-much-tds-will-calaculated-amp-on-/10429032/answers/7478672

Jitendra Sarvankar
Q. I am presently working in Mumbai (Indian) , planning to join in Malaysia by 17th October. Part of my income tax is deducted at Sourse. TDS. Do i have to pay IT , if i work in Indai for less than 6 months.? If i keep my last working day as 28th Sept'07?
Jitendra Sarvankar:  A. TDS is tax deducted at source. You have to pay IT irrespective of the number of days you are in Inda / abraod. You need to file your tax returns...... more

http://qna.rediff.com/questions-and-answers/i-am-presently-working-in-mumbai-indian--planning-to-join-in/6735075/answers/3348833

vijay  pardhi
Q. Taxatiuon : TDS on Salary\If I went from Mumbai to Chennai by air, Chennai to T.Nagar by bus, T. Nagar to Erode by train, Erode To Ernakulam, Ernakulam to Erode by train, Erode to Kanyakumari by train, Kanyakumari to Bangalore and Bangalore to Mumbai by airFor which route I will get L.T.A. Exemption.\KIndly reply.Regards,Ramesh
Vijay Pardhi:  A. This does not come under Taxation Law but governed under Leave Travel Concession for which company or the establishment has set of rules and...... more

http://qna.rediff.com/questions-and-answers/taxatiuon--tds-on-salaryif-i-went-from-mumbai-to-chennai-by-/3348527/answers/718278

Q. Sub: IT CalculationPlease work out an example of INDEXING for Capital Gains
:  A. 1. Salary income First, you have to find out the "income chargeable under the head salaries." For this, you need to know your gross salary, which...... more

http://qna.rediff.com/questions-and-answers/sub-it-calculationplease-work-out-an-example-of-indexing-for/662936/answers/91391

  Web results for Mumbai Tds
Solving HRA puzzle

Ajit Kumar is a salaried person, who stays in a rented apartment in Mumbai. But he has bought himself a property in Chennai, which is partly funded... ...

http://www.asianage.com/business/solving-hra-puzzle-166
Vimal Punmiya nominated as a Member of Standing Committee on T.D.S

Mumbai: CIT (TDS) Mumbai has appointed Mr. Vimal Punmiya as a Member of the Standing Committee on T.D.S. for Mumbai region. This Committee... ...

http://www.accommodationtimes.com/real-estate-news/vimal-punmiya-nominated-as-a-member-of-standing-committee-on-t-d-s/
Now, Govt eyes TDS in service tax

Mumbai: The Central Board of Excise and Customs (CBEC) has proposed to introduce a Tax Deducted at Source (TDS) mechanism in collecting service tax. ...

http://news.in.msn.com/business/article.aspx?cp-documentid=5374117
IT charges TDS from companies for land leases with MMRDA

Looks to raise about Rs.1100 crores from over 90 companies for property deals in the last 3 yearsMUMBAI: The Income-tax department seeks to raise... ...

http://www.accommodationtimes.com/property-rates/it-charges-tds-from-companies-for-land-leases-with-mmrda/
Vodafone gets relief over TDS on roaming charges

Vodafone can now breathe a sigh of relief as the Mumbai Income Tax Appellate Tribunal (ITAT) has upheld its plea over issue of TDS (tax deducted at... ...

http://www.moneycontrol.com/news/cnbc-tv18-comments/vodafone-gets-relief-over-tdsroaming-charges_510602.html

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