An insurance company regularly invests huge funds in market for earning gains for policyholders.Can you please confirm if it needs to track the STT paid on the purchase of shares from the secondary market from Tax’s perspective.
Also, confirm the STT rate on equity.
Kindly revert asap. Its urgent.
Is employees tuition fees (for self education) eligible under investments u/s 80c
Is furtniture & fitting or television bought by the company for the managing director or any other manegerial personal chargeble to FBT and why?Also in what cases is the FBT taxable in the hands of the employee?
Whether any advance payment exceeding Rs.20,000 against an expenditure attracts 40(A)(3) disallowance?
during the last year we have not deducted tds on contracts on of our creditors. can we deduct tds on last year bills during the year, if yes wat about returns submitted already? pl help..
In case of Operating lease whether lessor is entitled to deduction of depreciation under income tax law?
What is the remedy to a deductor if deductees from the sums paid to whom are ot itimating PAN.
Can the duductor be penalised for not quoting the PAN of such deductees.
In some cases as noted below the deductee may not be giving his/her PAN - what is the remedy. Is the payer authorised to withhold the future payments.
- Payment of taxable pension to employees retired 3-4 years back.
- Payment to contractors where PAN was not taken earlier
Is training expenses paid to external professionals and agencies to impart technical and personality development training to employees - when conducted OUTSIDE the company's premises - LIABLE UNDER FBT? IF SO GIVE DETAILS OF RELEVANT SECTION AND RATE APLLICABLE
CAN A PERSON HOLD 2 STATUS- NAMELY ,
INDIVIDUAL AND HUF
WHETHER HE CAN HAVE 2 PAN FOR THE DIFFERENT STATUS
WHETHER HE CAN CLAIM ALL THE DEDUCTION APPLICABLE FOR THE STATUS SEPARTELY
PL CLARIFY
Please tell me the procedure of TDS i.e from deduction till E-TDS filing. It will help me if explain with illustration.
Thanks in advance.
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Securiy Transaction Tax