In 80C of the Act the maximum limit of exemption is Rs.1,00,000/but someone told me that this limit is not applicable on the Invetment in the ELSS to the extent of rs.10,000/-whether it is true?
Plz tell me something more in this Regards.


Wishing u a very happy Diwali in Advance.
Thanks & Regards,

Anil Jain

Univa Singapore, intends to establish a new company in India, Univa India. This conmpany will primarilly provide sourcing and marketing services to its Singapore and will bill it on cost plus 10 for the above services.

What are the implications of this arrangement from a Transfer pricing, TDS, PE and Service tax perspective.

Regards

If payment to party & deposition of TDS both in the next qtr. whether we require to revise the return or we make entry in the next qtr. date ?

Whether the lic commission received is treated as "Business" or " Profession" in order to decide Tax Audit u/s 44AB.
Kinly give the reference for the same i.e.relevant case law, circuler etc.

If we make payment to the patry but deposit TDS amount in the next Qtr. with int.Whether we r required to Revise the Return or not?

Dear sir/Madam,

In the quaterly TDS return on which pattern we pass entry i.e.amount due basis to the party or when the actual amount paid.
e.g.
We deduct the TDS & Deposit in the bank ,but to the party we make payment in the next quatrter.Wat should be done in this condition and what remedy if Vice-versa ?
Regards,
Anil Jain.

hi all
I have purchased computer for Rs.50000 in my business. The payment has been made in CASH.Which is a capital expenditure.

Does this amount disallowed ?

sir /madam
if a person is share broker or sub broker and he is dealing in share market .is tax audit is applicable on the basis of profit or sell or purchase transaction. If we take Sell or purchase value for audit then it may be that the limit of 40lakhs will cross in a day . please clear the matter ASAP

sir/madam
if a lady get a compensation by the order of court during the case of divorce then by which it will be taxable in the hand of lady. whether it is taxable or not with reason
thanks

Printing visiting card, name board, for this work TDS is applicable, if they give a bulk order.