1. Turonver for the purpose of tax audit whether total sale and commission will be considered or only commission will be considered, if commission agent remit the sale amoount after deducting his commission.

2. What is the accouting treatment of purchase from prinicipal and sale effected on behalf of principal and stock held with him at the closing of F.Y. And Sales tax has been deposited by commission agent and then remitted by the principal on finalisation of account

I AM SERVICE PROVIDER , I ARRANGE TOUR FOR CLIENTS DEALER FOR SALES PROMOTION OF CLIENTS COMODITY , IN THIS CASE I PAID AMT. TO TOUR OPERATER RS. 1,00,00,000.
WHETHER THIS ONE CRORE IS LIABLE FOR FBT IS THERE ANY CASE LAW THEN PLEASE LET ME KNOW
I WANT TO KNOW IN WHAT HEAD IT WILL CLASSIFY IF I CLASSIFY IN TRAVELLING BUT THAT DEALER IS NOT MY EMPLOYEE
AND IF CLASSIFY IN SALES PROMOTION THAT IS NOT MY PRODUCTS SALES PROMOTION

Is there any tax liabilities in India, while receiving the funds from my real brother, who stays outside India through westorn money transfer ?

And in what category of Income Tax Return, I have to show this amount, either as a Gift or whatever else ? Is this fund increase my capital in india ?

We have availed exemption u/s 10 B
We have unabsorbed depreciation for three years as there was no profits. Can we carry forward the unabsorbed depreciation and set off against profits in the future year 1) when we still avail 10B benefits and have domestic sales
2) after completion of 10B exemption period

Thanks & Regards

We are a company in India who have utilized the services of a recovery agent in US. The recovery agent has sent a invoice for US$8000 for collecting the dues from our customer.

Whether we have to deduct tax at source in respect of the payment? Since, the service is rendered outside India and payment will be received outside India, I presume the income is not taxable in India

Please advise

A company has paid an amount to employee's family on death of the employee due to an illness. This amount does not from part of gratuity. My query is what will be the nature of payment in case of company?Whether TDS has to be deducted and if yes, under what head ? And from employee point of view, will it be in the nature of capital receipt, hence not taxable?
Kindly advice.

Hello friends,

This is a pending query for last one month. If any one can help we nned to work out payment of Advance Tax.

QUERY :

A software company has two units. One is 100% EOU claiming expemption us/ 10 A. The other unit is also 100% EOU but not claiming 10 A exemption.

The unit claiming 10 A exemption is making profits and the other non 10 A unit is incurring losses for long time.

However, the losses for the non 10 A units are not more than profit of the unit claiming 10 A exemption.

Can any one help me with working out MAT liability by substing hypothetical figures?

The company has skipped its advance tax payemnt if any due in June, for want of MAT calculation.

Thank you.

Jayant Shaligram

A person who remits any sum outside india has to obtain a certificate from a CA to this effect. What are the implications if the bank does not insist on such certificate? who will be held liable for this default? And where does it specify that if the sum is paid outside india a CA certificate is mandatory?

Whether TDS is to be deducted on rentals plus service tax or only on Rentals?

hello

most of employers pay their employee & in employees form 16 they write allowance given to him as "Special Allowance" instead of witting which special allowance is give unifom allowance or any other such allowance.& some time they mention other special allowances given to them by their name.
eg.
Basice Pay 60000
hra 20000
uniform allowance 5000
CA 10000
special Allowance 20000 is allowance given to this person that is mentioned as Special Allowance is empted

my Query is that is that "special Allowance is exempted under section 10