Dear All,

As per rule 26 of Income Tax Rules, the SBI's TTB rates to be taken for converting foreign currency.

Where to find SBI's TTB rate without going SBI (Foreign Branch) daily for getting the same.

Please reply

Thanks
AJ

TAN Number is Compulsory in case of Comancy

Some one receives claim under Motor Accident after 10 years and that also with interest. What is the position of taxability under the Income Tax Act for both claim and interest. Insurance Company has deducted tax at source on the interest amount.Please have your views

What are the facility on which FBT should be charged & what is the rate of FBT

Dear Sir,

Which ITR form I have to fill in case of Regional Rural Banks? Please guide me.

Thanks,

Nitesh

if an assesse fails to declare its investment before filing returns to its employee, no what he hold he do?
as we know that while filing new ITR form no document are attached to it, if he declare it in ITR then what is the proof that he has invested that much of amount

For a credit card manufacturing company, can the cost of acquired software be claimed as Reveneue Expenditure?

I am usually sent abroad by my company and I am paid per diem by the company, this is in addition to the salary which I get in Indian rupees and on the salary the company does TDS.

Sometimes the perdiem is paid in India in cash ( in foreign exchange) and sometimes it's paid abroad in cash. I save from this per diem allowance and which i take back to India and get it credited to my account.

Do I need to pay tax on this amount or there is any provision thru which I can save. I am in the highest tax bracket.

Hello,

The company (A Ltd.) has only two staff on deputation from other group company (B Ltd.). There are no other staff in A Ltd. B Ltd. raises a debit note on A Ltd. for travelling expenses, staff welfare expenses incurred by staff on deputation while on duty. Whether FBT is to be paid by A Ltd. or B Ltd.?

If the executives of the company are provided re-imbursements of following as part of their salary:
1)Sales promotion expenses.
2)Books and Periodicals.
3)Conveyance.
4)Telephone.
5)Petrol Expenses.
6)Medical Expenses.
So in such cases fringe benefits would be valued at 100% or 20%?
Also give me reference to the section?

Will it covered under Sec115B(1) or under Sec115B(2)i.e as Deemed Fringe Benefits.

Please solve my query urgently.

Thank You.