Hi,

If a company pay dividend on Equity or/and preference share, company have to pay tax on dividend. But if a company redeem preference share on premimum, Whether company have to pay tax on premimum, If No, Why?

Dear Sir,


This is related to foreign allowance to company staff. As per our company policy we would like to give Foreign travel allowance to our staff for foreign travel.

In this case this allowance need to add in salary/ Form 16 ? and salary TDS need to deduct or not on this?


Regards

we are a properitorship firm engaged in manufacturing of machinery. we took loan from SIDBI in foreign currency to purchase assets.on 31.03.2012 we arrrived at a loss of Rs. 18.50 lacs on account of foreign exchnage while valuing the outstanding amount in Loan with SIDBI.Loan is taken in foreign currency.

Can we claim the deduction of this loss in P&L Account or it will be disallowed under the provision of Income tax act.

Thanking you

I got pension arrears+gratuity for 3 years and employer already deducted the income tax as source. I want to know where to submit form 10E now.
1. Do I need to submit to employer or
2. Direct to income tax dept. if so than what document I need from my employer apart from form 16

how it will work.

Please advise.

Harpinder

Hello Experts & CA's
What is the rate of depreciation on dental medical equipments like Dental CHAIR unit inclusive of X ray. Surgical Equipments.
Regards
Sanjay

Can anyone tell me meaning of Date of Booking As i saw in Form 26AS.

Also since i have 1000 clients of IT....can any expert tell me till what time I can get All TDS information in Form 26 AS....Is it can be seen on 30th April since it is last date to deposit TDS...or it may 15th May since it is last date for TDS Return Filling or it may also be more late....?

notice no.94 u/s 272A(2)(k)/274read with sec. 200(3 for late filing of tds what is the sufficient reason for saving from penalty

WHAT WILL BE POSITION IF PAYMENTS ARE MADE BY CREDIT CARD - (GIVEN TO AUTHORISED SIGNATORY , SENIOR OFFICORS FOR OFFICIAL EXPENSES)

IF PAYMENT IS MADE ON THE SPOT AND BILLS ARE RECEIVED LATER.
WILL IT MAKE DIFFERENCE ON TYPE OF EXPENSE INCURRED
FOR BOARDING & LODGING
OR FOR SUBSCRIPTION
OR VEHICLE HIRE CHARGES , OR ETC

KINDLY CLARIFIY

Sir
Kindly advise that:
1. I had deposited a TDS of Rs 4000/- in Q1. The Salary of the employee is Rs.62000/- in that Quarter. But I had shown Rs.50000/-. I had not deducted T.D.S for the m/o April 11 on the amount of Rs.12000/- and not shown in the return. Is it right or wrong.
2. Now in the return of Q4, what should I fill the Gross Salary in Annexure II. The Gross Salary is Rs.287000/- for the asstt year 2012-13. Is it can be 287000/- or 275000/- so that there should be no problem in getting Form 16.
Kindly reply soon.
Regards
Sanjay

HELLO SIR/MEM
I M TAKING A LOAN OF 8 LAKH FROM LIC HOUSING FINANCE AND GOING TO A BUY A PLOT IN MY CITY ON MY MOTHERS NAME.IS THIS LOAN WILL HELP ME IN INCOME TAX SAVING. IF NOT THEN WHAT I CAN DO FOR INCOME TAX SAVING.PLEASE ANSWER ME OUT SOON SIR .