water charges paid to water supplier.water is supplied through 14 tons tanker. at rate is fixed @950 per tanker. Monthly bill amounts to Rs. 100000. whether tds is to be deducted? if yes under which section?

Is there any tax if I transfer (by cheque or RTGS/NEFT) 2 lakhs or more into the bank account of wife/a family member/friend?

What is the maximum amount exempted from tax?

Can I split the amount into smaller pieces and transfer via several transactions (cheque or RTGS/NEFT)?

Is money transfer considered as gift? Is there any tax on gift?

Thanks in advance.

Can we pay labour charges for yard cleaning , gardening more than 20,000 in cash... is it allowed....


also is there tds applicability for such payments to workers on account of gardening work......

A Trust is running educational institution and it is not registered u/s 12AA of Income Tax Act. What should be the Tax Audit liability in this case and under which section ? Further ITR shall be filed under which section ?

Hello,
contractual employees also can take benefit of HRA or not in his/her final return..and any specification required for rent agreement means NOTERY/REGISTERED..


Vikram

A Firms has purchased a land in india from NRI. Firm has made payments to NRI via bemad draft(banker cheque) after deducting TDS u/s 195. Means made payments in indian currency as firms has handedover demand draft to the NRI. In this situation whether form 15CA/CB is mandatory?
if yes plz suggest us procedure of this .

Dear All, We are doing online business through our website and we have agreement with Snapdeal,Amazon etc which sell our product through their site also. Snapdeal charges commission and other charges from us for any order received by them for our product. Through this mail I want to know proper accounting of this transaction and provide guidelines for issuance of Sale Invoice. Whether we issue any invoice to Snapdeal for such transaction for we can direct issue invoice to ultimate buyer for this transaction which we received order through from Snapdeal Website. Is there any guidelines issued for this by ICAI for proper accounting of Online Business. Awaiting your reply eagerly.

Thanks in advance.

A man purchased a land in 2001 @ 125000 and it is sold in 2010 @ 1300000.He utilised this amount to purchase another land in his wife's name in 2010.
What are the expenses we can claim?
Can we deduct expenses at the time of purchase as well as sale?
Can we reduce commission paid while capital gain computation?
How can we reduce the capital gain?Is there any exemption?
Any case laws?

Please consult.

friends ,

in 80c deductions employee & employer contribution is allowed as under section 80c
or only employee pf contribution is allowed as a deduction

I want to verify PAN of a party, when i verify it on traces site it is shown by their name but status shown as deleted and on income tax site it showns no record exist but the problem is he(party) provide us the photocopy of his pan card.
we have to file tds return and what are the actions which we have to take against his pan. how can this be possible.