Hi Expert,
For remitting payment to a service provider outside India, one has to submit details in Form 15CA.
I could download (from Income Tax website) the form but have no much idea as to where it should be uploaded.
Could someone respond with the relevant link?
thanks
kishor
Hello Madam/Sir,
A company has provided in its P&L a sum of Rs. 1.2 crore for payment of bonus in the financial statements. But as per the ordinance passed by the govt in the month of july to pay the bonus at the increased rate, the company paid Rs. 2.5 cr before filing ROI. whether the entire amount of bonus paid is allowed in the Income Tax for that FY.Is there any case law representing the above situation.
Kindly solve the issue as early as possible.
Thanks in advance
From which date TDS provision applicable to Co. Op. Banks. Finance Act, 2015 had withheld exemption from TDS provision.
Answer nowPls tell about the taxability of arrear of salary.
If xyz co. had stopped working in the year 2000 and now company has been taken over by ABC co. Now in 2015 ABC co. Pays compensation as Arrear of salary to the employee of XYZ co. then,,
1. Taxabilty of such income in the hands of employee?..
2. is the ABC co. liable to deduct TDS on such income?
if person earn CG of RS. 15,00,000 on transfer of resident house in Fy 13-14.if he not file return of income within due date nor he deposit captial gain scheme A/c. is benefit of Sec 54 is available?
Answer now
Our client has the following incomes:
1)Proprietor business loss is 176000
and so we have decided to take Deemed income u/s 44AD 8% turnover = 379200
2) he is also a partner in another firm..
profit share =156000, remuneration=384000 and interest received = 114578
3) bank FD and SB a/c interest??
Now which ITR has to be filed??
please suggest.. thank u sir..
While transferring fund from NRO account of one person to NRE account of another person, whether tax is imposed ?
Answer nowDear,
One widow lady sold own house(Floor) and re-invested the same in buying new residential house in the name of her major daughter. Can she claim exemption u/s 54.
All transaction are done within time.
Question_1: one has income from insurance Commission u/s 194D, I want to know under which profession does it come?
Specified Profession or non specified Profession.
Question_2: What is the tax slab rate for the income from business or profession who use ITR-4.
Question_3: Are maintenance of books of accounts are compulsory or not of FY 2010-2011 if
Gross profit: 252500.00
Expenses made: 97300.00
Net Profit: 155200.00
One of my client who is a salaried employee in PSU got 96000/- as salary but TDs deducted @96000/-.I want 2know d reason.
Answer now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
15ca