I had a doubt regarding practical issue concerning bonus. It has remained unresolved since year 2008. Below is link to the post :



https://www.caclubindia.com/experts/bonus-provision-practical-issues-27021.asp



The experts who tried to respond to query have not replied to my further question based on their reply.



I request someone to please resolve the query.


Kindly note that in the above case bonus liability booked is ACTUAL bonus payable to employees. The entry is similar to salary payable on which TDS is deducted.


Thanks.

I GOT NOTICE UNDER SECTION 143(1) DEMANDING TAX TO BE PAID NEARLY ABOUT 69000. THE PARTICULARS OF NOTICE REVEALED AN INCREASE OF BUSINESS INCOME BY 50000 AND TDS DEDUCTED BY ME IS NOT DEDUCTED BY DEPARTMENT IN NOTICE HOWEVER TDS APPEARS IN 26AS UNDER SECTION 194H PLZ HELP ME OUT HOW TO KNOW IN DETAIL WHY DEPARTMENT HAS INCREASED INCOME BY RS 50000.AND WHY DISAALOWED TDS .

Respected Sir,

What is cash transaction limit in case of trust?
if it is more than Rs.20,000?


Thank you in advance

Expenditure of a financial year accounted for in next financial year would be allowed for deduction in income tax in next financial year or not ?
Case.
Bill date 12 march 12
material received = 12 march 12
accounted for 4 april 12

would it be allowed in FY 12-13 ?

Dear Experts,

As per Budget 2012 there is a new exemption provided for Preventive Health Checkup upto Rs.5000/-.

My query is:-
1. Is it over and above Rs.15000/- u/s 80D or it is within Rs.15000/-?
2. Is there any specific Health Chekups to claim this exemption on all health checkups are covered under this?

Thanks in advance.

Can anyone please clarify at what rate the TDS on Directors's remuneration be applicable?

What are the benefits to create holding subsidiary relationship?
If we want to incorporate three companies then which option will be better from income tax and funds point of view
(i) making holding & subsidiary relationship.
(ii) making independent companies.

I am not filing Salary I.T return for the F.Y 2010-11 and want to file now. What will be the consequnces in both cases if there no rufund & if there is refund. Pls guide.

R/Sir,
Can assesse give the bank a/c details of other person for getting refund of TDS deducted amount

suppose the person doesnot have bank a/c or he have bank a/c which does't have NEFT facility

Dear sir,
I want to file an individual income tax return through online. plz help me how can i make return through online what is that procedure .actually am working as a accountant in one company. plz tel me the procedure.

my e-mail id is
bsk_fun@yahoo.in