We have msde the payment of commission (due against export of rice) paid to foreign company in USD threw bank and there is not any correspondence office in India of the foreign commission agent compant.
what is our TDS liability.
Sir, I want to registered my tan for filing my qtrly return. What is the procedure to registered my tan
servey by income tax on 18/01/2012 & Disclosed Rs.2,50,00,000.by negative cash.
my Question is as Under.
1) my Regular T.o is Below Rs,60,00,000/-
Can I File Return U/s 44AD
2)Can Scrutiny is Compalsory in Servey Case?
3)How Can Entry made in Books Of A/c Of Disclosed Income
4) How Can Treat In return of income as a Income from other or business
Our's a manufacturing Company remitting some USD to Non Resident Company(Germany). NR Company maintaining a website where our range of products will be displayed and for this purpose we are remitting the sum. This is sort of subscription charges paid to them. NR has no PE in India My Question is Whether TDS required to be deducted on the remittance?
Pls give your valuable openion on the same
ABC Ltd. is holding only one immovable property costing Rs. 25.00 Lacs since 2001. The Capital structure of the Company is Share Capital 1.00 Lacs and Unsecured deposits from directors and relatives of directors Rs. 24.00 Lacs. Now the comapny transferred 1.00 Shares to Mr X, Y, & Z at Rs. 1.00 and withdrawn Rs. 24.00 Lacs from Comapny and new promoter introduce Rs. 24.00 lacs. What will be the tax complications of Capital Gain. Plese quote relevant case laws
Answer now
Dear sir,
whether or not attract interest on late furnishing the return of income in the following case?
A individual is not submitting the return of income for the assessment year 2011 - 12 in the assessment year 2012 - 13.
If an agricultural land was purchased in 2008 for Rs. 500000/- .in 2012 the land is sold for Rs. 100000/- as residential land.
Will the profit is taxable as capital gain or not.
Dear Experts
What are the sections dealing with advance tax in Income Tax
Thanks in advance
Nagaraju G
Dear sir
Suppose we raised invoice to our sister concern in Bangladesh of 1000 usd
Can we received this amount from honkong ( also sister concern , our head office ) on behalf of Bangladesh?
experts please reply
thanks
Dear Sir
what is the rate of percentage on Rent payment to NRI either 20% or 30% please intimate me sir
Thanking You
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Tds on foreign commission paid