I am getting conveyance from CA FIRM as I am pursuing articleship and use to go on audit to and fro. so anyone will tell me that is that coveyance amt is liable for FBT in firm's hand.

If yes, Then

one more question arise that,is this employer employee relationship for charging FBT?

Are the payments made to NSDL & CDSL liable to TDS deduction?

one of my client Received the Consideration on compulsary acquisition of their assets (Cinema Theatre ( on the name of the husband and wife -partnership firm) and marriage function hall (on the name of husband) ) and the govt. deducted TDS 10%

Which benfits are available under income tax Act ?

Shall they start new venture with others for the new industrial undertaking ?

I want to know whether payment of Income tax challan is possible through Credit card and If it is possible what is the procedure of this ?. I also want to know that whether bank will charge any service tax or other charges on this transaction ?

TDS on professional fees deducted but not paid to govt.
But now paying to govt alongwith interest is their any other penalty?
Also filing the revised return of TDS
Please give the detail consequences.

Dear friends,

Please clarify the below issue,

Our company want to give interest free loan to one of our staff, say the amount 25 Lak. and the repayment terms may be with in 3 year through monthly instalments.

What is the tax implication for company and to the staff.

please clear the issue

For calculating limit of 20,000/- for applicability of TDS, bill amount inclusive of service tax is to be considered ?

Service Tax Should Not be taken Since that is not the income of the person if that is included tds will have to be deducted on total amount which will lead non-followance of chapter XVII-B

I Want just To Opine On Answer Given Mohan Vats Regd HRA - Pune Being A Metro City.
In My opinion Pune Is Not A Metro
There Are 4 Metros-Mum, Del, Kol & Chn.

as we know that if there is no employee then there will not be any FBT. but in case two companies (A ltd. & Y Ltd.) incorporates an AOP for specific purpose & there is an agreement that salary will be give by such companies on behalf of AOP, in fact there is no new appointment of employees in AOP, while employees of A Ltd & B ltd. are doing the job for AOP work.

in the given case if any re-imbursment is made by AOP to such employees of A & B Ltd. & such exp. are liable for FBT like conveyance, tele. ph. etc.

PROB 1 In such case is AOP is liable to pay FBT ?
PROB 2 as we know if there are No Employees than no FBT will occur. but in above said case manupulation may be done by making AOP in order to avoid FBT

let if our transaction in future mkt. goes to rs. 1,00,00,000 but net profit remains only rs.1,68,000/- then are we liable to maintain books of accounts and liable to tax audit?