Requested to please me the full order of of ITAT Mum in case of Hindustan Oil Exploration Co ltd9 ITAT Appeal No:179/Mum/2007.
Answer nowHello Sir/Madam,I would like to know if a relative cover under the definition sends money from abroad directly in a bank. Then is it taxable or tax free and what proof do I need to have.P.S. I couldn't find a way to edit the previous query so I posted a new one.
Answer nowMr A (Prop)under audit case
His case come under scrutiny for the FY 2012-13.
In which officer has disallowed HRA given to employee.
disallowed the exp to the extend 180000.00 and charge income tax.
Sir my question is:
(i) employee has file return as per hra given what will happen?
(ii) know tds is also applicalbe.
(iii) clearly explain from the point of view of employer and employee on urgnet basis
Income of minor child suffering from specified disabilities (under section 80U of the Act), income from any manual work and any activity involving application of minor�s skill, talent, specialized knowledge and experience are not subject to the clubbing provisions. Such income is taxed in the hands of the minor, who then gets the benefit of basic exemption of Rs. 2.5 lakhs. My Question is : - In such case, Can he/she claim all other deductions under Chapter VIA viz 80C, 80D, 80U, 80G.
A property is on wife's name and home loan is on husband's name who can avail deduction u/s.24(b) and u/s.80c?
As I do self study that's why some points I can't get easily one of which is below, What is deemed dividend. what's exzet Difference dividend & deemed dividend.
Answer nowDear Sir/M'am,
Importer of Raw material makes payment of Import amount(L/C) plus Interest on such amount to foreign bank.
1) Whether TDS to be deducted on Interest amount?
2) And Whether 15CA/CB requires at the time of payment to Foreign bank?
Please reply as earliest as possible.
My client has deposited TDS twice for the year 2012-13 and 2013-14 when actually it was to be deposited for one year only. Subsequently, after several follow up with the department, no refund was issued till date. Form 26B is not available online and therefore it cannot be used on TDSCPC(traces). Also, ward AO doesn't have power to release refund. Please help.
Answer nowDear Sir,
The Assessee has business income and he has taken TDS (form 16A) from his clients (A.Y.2013-14). He has filed ITR 4 up to F.Y.2011-12.
Sir please let me know the following query.
He didn't file the ITR4 for the F.Y.2012-13 till the date. As per the bank book he has total credit income for the F.Y.12-13 is Rs.5.5 lacs and net taxable income is Rs.3.90 lacs approx.
Sir further he has taken TDS certificate of Rs.11,300/- from his clients
sir, please let me know can he file his return now ? if yes how to calculate interest and penalty on taxable income.
Sir he has not maintained any books of account. Let me know should he upload his balance sheet and profit and loss account.
Sir please let me know the documents which should be uploaded with his return (ITR 4).
Thanks in Advance!!!!!!
RUPESH
Dear Sir/Madam,
One of my client purchase a car for his employee against its Flexi fund(as per their internal policy)
So car is booked in the books of companies account as purchased on the name of company. and employee enjoys the car for its personal use.
so in that case, expenses related to car is reimbursed by the company e.g petrol expenses and insurance is also reimbursed.
So insurance and petrol expenses are perquisites?
and is it liable to tax in hands of employee if it is perquisite.?
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Full text of decision in appel no 179/mum/2007