This Query has 1 replies
one of my clients is a stock broking partnerhip firm.it has franchisee of kotak securities and it is a member of mcx. whether it is liable to pay f.b.t. on telephone exps. and other exps.
This Query has 3 replies
We have entered into AMC (Apr 07 to Mar 08) for computer Scanners with M/s. LASON Inc, USA for $ 16000 In case any maintenance is required we have to send the scanners to US. No service is done in India. They don’t have any permanent establishment too in India. Does this transaction attract withholding Tax under the above circumstances?. To make the payment, being no customs and excise involvement, CA certification is required in Form B
This Query has 1 replies
A widow aged 85 years has a property transferred to her on the death of her husband. Now she wants to sell the same for 2 crores in this year. She has never ever paid any tax. She has four children. How can the property be sold with no tax liability on the widow?
This Query has 2 replies
We are having a pvt.ltd. co.share and want to sell them on a higher price
what will be the tax liablility .
if tr. them before one year and if tr. them after one year
if we can reduce the tax liability how it possible
pls reply members
vinodjainca@hotmail.com
This Query has 3 replies
Does anybody has Form 16 and Form 16A in Excel or Word Format pls reply
This Query has 2 replies
thanks a lot for solving my query.
i mentioned of retailer and as u mentioned i'll have to consider 5% of the total turnover as income if turnover does not 40 lakhs. and also it is not necessary to operated through current a/c.
so finally to start with filling procedure
1. will i'll have to prepare final accounts showing around 5% as income of the total turnover.
and any other compulsory rule to comply with other then filling with the appropriate form u can suggest.
This Query has 2 replies
My question is, what will be treatment of 'Notice Pay' paid to earlier employer. Whether it will deduct from the head of salary computation either it is recovered from current employer or not. Infact the notice pay recovered from the current employer has taken in computation of salary and for which period notice pay paid, the employee receive the salary and pay tax on that. In my opinion the ' Notice Pay' Paid should be deduct from salary.
CA. Mahesh Kedia
This Query has 5 replies
IF AN INDIVIDUAL WHOSE TURNOVER UPTO LAST YEAR WAS NOT 40 LACS BUT DURING THE CURRENT YEAR AT THE END OF FEB 2008 HIS TURNOVER EXCEEDS MORE THAN 40 LACS. WILL HE REQUIRED TO DEDUCT TDS.
This Query has 1 replies
Dear Friends,
One of my clients belongs to Scheduled Tribe Category and is eligible for the exemption u/s 10(26) of I.T. Act, 1961.
He files his return from Guwahati.
He receives contract payments on account of Contract undertaken in the Schedule Tribe Area.
He has his Bank Account at Guwahati and deosits his contract receipts in this Bank Account.
Whether he can claim the benefit of Section 10(26) of the Incoe Tax Act,
This Query has 4 replies
An Individual/HUF Sub Contractor enters into a Labor Contract with a person.
1) Whether the Sub Contractor is liable to deduct TDS on the payments made to that person.
2) When a Sub Contracts further sub contracts, is it covered by Section 194 C?
frienge benefit tax on a stock broking firm