I have not received ny refund of Rs. 12,550/- for A.Y. 2008-09 and Rs. 18,250 for A.Y. 2009-10.
What could be the possible reasons for it?
If ITO seeks to get some donation then how much will suffice?
plz tell if there is any other remedy also?

Thanks in Advance.

We are paying commission to members of scheduled tribe in Mizoram whose income is exempt under section 10(26). Please guide whether TDS needs to be deducted on this payment as it is exempt from income tax under section 10(26).

I would like to the meaning of associate enterprise in respect of transfer pricing. Also please let me know when AO/ Transfer Price Officer (TPO) raised the issue and make the addition on account of transfer price.

Company A pays mediclaim for its employees (and their family members). Any premium paid above Rs.2500 is recovered from the employees from the medical reimbursement paid to them. Will the employee be eligible to claim the deduction under section 80D of the Income-tax Act, 1961. The insurance company has agreed to provide a letter to each employee of the company stating the amount of mediclaim premium paid for the year.

Sir,
Please clarify the following queries.
1. Can a 100% EOU, STP unit can claim Sec.10B benefits for the A.Y 2010-11 ?
2. What will be situation if the unit has made some domestic sales as well( Domestic sale was below 5% ).
Sree Prakash

If an employer is sending some eligible employees and its family members for foreign tour then whether the expenditure incurred towards the family will be allowed as an deductible expenses in the hands of the employer?

Whether any amount will be traeted as perquities in the hands of the employee.

Thanks

Whether Octroi charges paid in cash above Rs. 20000 will be disallowed u/s 40A(3)?


Thank You.

Hi,
I am in a retail trade and if I file Return for the FY 2010-2011 under section 44 af with the turnover of Rs 15 lac and profit at @ 11%=1,65000RS, do I have to maintain any books of accounts.The Turnover for the last 3 years has been on an average below 15 lac.....

Now can I claim deduction under Section 80 C(Home loan principal repayment.LIC Premiums etc) and under section 24(Home Loan Interest Payment)

For How long I will have to keep the books of Accounts of previous years.Can ITO pick ITRS of previous years say after 5 years
THX IN ADVANCE

Dear sir/mam,

i have registered my company in march 2009 the company has not yet commenced its operation yet kindly suggest me that how much return i have file ????
is the audit from ca/cs/cwa is necessary for such company???

plz guide???

Hi,

I am computing long term capital gain for a property. The Govt valuation for the property is 17.5 lacs whereas the property was sold for 9.5lacs. Actual mkt value of the property is also around 9.5lacs. The law says that the higher of Govt valuation and sale proceeds shall be taken for tax computation. But in this case the mkt value is actually much much lower than govt valuation, resulting in much higher tax liability...Are there any case laws where lower value has been accepted?