Income Tax QnA [Resolved]

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mohammed

This Query has 2 replies

11 February 2008 at 18:26

fringe benefit tax

Is furtniture & fitting or television bought by the company for the managing director or any other manegerial personal chargeble to FBT and why?Also in what cases is the FBT taxable in the hands of the employee?

Vivek

This Query has 5 replies

11 February 2008 at 12:58

cash payments u/s 40(A)(3)

Whether any advance payment exceeding Rs.20,000 against an expenditure attracts 40(A)(3) disallowance?

ramesh vadnala

This Query has 4 replies

11 February 2008 at 10:14

tds on contracts

during the last year we have not deducted tds on contracts on of our creditors. can we deduct tds on last year bills during the year, if yes wat about returns submitted already? pl help..

ankitha

This Query has 2 replies

11 February 2008 at 09:02

Operating lease

In case of Operating lease whether lessor is entitled to deduction of depreciation under income tax law?

Manish

This Query has 3 replies

10 February 2008 at 23:24

Deductees not intimating their PAN - remedy

What is the remedy to a deductor if deductees from the sums paid to whom are ot itimating PAN.
Can the duductor be penalised for not quoting the PAN of such deductees.
In some cases as noted below the deductee may not be giving his/her PAN - what is the remedy. Is the payer authorised to withhold the future payments.

- Payment of taxable pension to employees retired 3-4 years back.

- Payment to contractors where PAN was not taken earlier

Samir

This Query has 3 replies

09 February 2008 at 16:52

FBT ON TRAINING

Is training expenses paid to external professionals and agencies to impart technical and personality development training to employees - when conducted OUTSIDE the company's premises - LIABLE UNDER FBT? IF SO GIVE DETAILS OF RELEVANT SECTION AND RATE APLLICABLE

auditorravi

This Query has 3 replies

09 February 2008 at 14:27

PAN-UNDER DIFF. STATUS

CAN A PERSON HOLD 2 STATUS- NAMELY ,
INDIVIDUAL AND HUF
WHETHER HE CAN HAVE 2 PAN FOR THE DIFFERENT STATUS
WHETHER HE CAN CLAIM ALL THE DEDUCTION APPLICABLE FOR THE STATUS SEPARTELY

PL CLARIFY