Demurrage charges paid to port authorty whether it is allowed under income tax act or not.
please provide backup for your opinion.
Dear Sir/Madam,
Our Tenant Deduct TDS on March 2007 rent and remitted tax in Government a/c pay on 03-04-2007, Income tax ITR-6 in Schedule TDS2 - Column 5 date of payment / credit When entered the date computer says "Datapay Cred at Sr. No.79 in sheet IT-TDS-TCS-FBT Should not exeed 2007-03-31. How can we enter the above TDS in ITR-6 TDS Schedule - Please Clarify
IF AN INDIVIDUAL EARNS INCOME(SALARY) IN OTHER COUNTRY(U.S.) AND PAYS ITS TAX IN THAT PARTICULAR COUNTRY ITSELF ,THEN IF HE IS LIABLE TO PAY TAX IN INDIA ACCORDING TO INDIAN INCOME TAX LAW OR NOT.IF HE SHOULD ALSO DISCLOSE THIS INCOME IN HIS RETURNS AS WELL.
Could someone please explain Income Tax treatment of Gains on foreign currency fluctuation. ITO wants to assess the same as Income from Other sources for a software company enjoying exemption u/s 10B ( STPI registered unit ). We say it is business income and hence exempt from tax for AY 2005-06.Is our stand correct
Regrds
Is there any specific time limit with regard to application of the corpus fund received by the trusts?Please do let me know.
Is there is any separate block of assets depreciation for the assets being eligible for Technological Upgradation Scheme subsidy ? If so, what is the rate of depreciation for TUF subsidy eligible assets ?
Reading till sec 80 is enough.
with that there is penalties, settlement cases, roi, advance tax ,refund,agricultural income,total income is enough.
Please guide me
whether withholding taxes needs to be deducted for technical services say bio studies rendered outside india by firm who does not have any PE in india,if yes what is the percentage and under which article of DTAA, whether do we have any relief under DTAA of USA and UK
Similarly for consultancy services received from HR recruting firm in USA who does not have any PE in india, whether withholding taxes need to be deducted
UNDER WHAT SECTION THE IMPLEMENTATION CHARGES IS COMING (ERECTION WORK)
The employee is reimbursed his residential telephone bill by his company. The telephone is a broadband connection.
Whether the company is liable for FBT?
Disallowance of demurrage charges