Dear members

One Mr. A Who is a Proprietor of ABC & Co in India, he went to Foreign country for attend a Exhibition.

This situation He Can claim the traveling expenses?
If He Claim what are the Supporting Documents should produce for the Income tax?
How Can he compute the Indian Currency value of the Foreign bills and others?

Kindly help me

We are auditors of Reserve Bank of India.

They make brickels of mutilated notes and sell them as scrap.
Last time they sold them for amount around 170000. The income of the buyer is falling below the exemption limit.(declaration has been received from buyer regarding his income)

My querry is that:
1.Wether RBI is required to collect TCS or not.
2.Wether brickels of mutilated notes fall in the definition of the scrap.
3. Wether RBI falls in the definition of SELLER in case of sell of such scrap.

Want to know about applicability of TDS provisions on payment of loading and unloading charges, which also inlcudes freight.

Sir,
Assessee wants to purchase Agri. Land, situated in a village , of Rs. 60,00,000/- situated between 2 to 6 kms from the local limit of Municipal Council.
Population of the village is Less than 1 Lakh.
So please let me know whether TDS is to be deducted or not..?

& what if the Population of the village is more than 1 lakh and less than 10lakh.?


Thanx in Advance.

Dear Sir/Madam,

One of my clients wish to obtain certain services from a Non Resident Individual stationed in Spain. Can the amount being paid to such Non Resident be treated as Royalty or is it Fees for Technical Service. What is the rate at which TDS is to be done?

Reply will be heartily appreciated.

whether refining of crude oil amounts to an activity of production of mineral oil in context of section 44bb of income tax act , 1961.if answer is affirmative please provide reasons.

can we employ a employee with zero salary??? or is it legal to give zero salary to employee?? if yes then pls give some base to the same..thanks in advance

Dear all,
1st time e filling was done by me u/s-139(1).
which was considered u/s-143(1) and against which a demand of Rs. 25000 wrongly received. then after making call to CPC they told there is some problem with there side and they tell me to rectified is soon. after it i received a mail u/s-154 in which demand of Rs. 11000 again wrongly received.

following are the details of my return:
TDS paid-Rs. 104000 as per 26AS but CPC has taken it 79000 1st time[u/s-143(1)] and Rs. 92000 u/s-154. but they have not considered the actual amount which is shown in 26AS.

kindly advice me to what to do in this case ASAP.

i have received pension income of rs. 160378/- and i am state govt. employee and also received 136759/- as interest income

my tds amount is Rs. 19412/- from interest

kindly calculate my tax liability for the f.y. 2012-2013 A.Y. 2013-2014

SIR/MADAM,

ELECTRICITY CHARGES PAID IN CASH ATTRACTED THE SECTION 40 A (3) OF THE INCOME TAX ACT. SINCE THE PAYMENT IS MADE TO GOVERNMENT.


PLEASE GIVE ME THE ANSWER.