Transfer of capital assets through family arrangement from one company to another under section 391 to 394 of the Companies Act, 1956 is not regarded as 'transfer' under the Income Tax Act, 1961 and hence not liable for capital gains tax. (Recent Judgment The CIT Coimbatore Vs. M/s Kay Arr Enterprises (MAD). Whether such a Scheme can provide for carry forward and set off of unabsorbed business loss and unabsorbed depreciation of the undertakings to be transferred on such family arrangement to the new company though sec 2(19AA) is not satisfied?

YUF India sent sutudent to YUF USA for study and youth for understanding (YFU)India remitted amount to YUF USA for insurance of students, Travel expenses and high school semester fees.
whether YUF India have to deduct the TDS on above remettance , if yes at which rates and under which section.
Is any DTAA agrements are exist between India and USA.

All above remmitences are reimbursemet because the fee has been deposited by the YFU USA.

hi!!!
where, one company/agency which carries on the task of unloading of shipped goods/imported goods on indian port for other company (assessee co.) and provides other related services to that particular co., then under which sec. the co. is required to deduct and pay TDS.
will this be considered as contract and liability to deduct TDS u/s 194C or whether as commission & brokerage as per sec.194H and liability to deduct tax u/s 194H.
if this considered as contract and tds is deducted and paid u/s 194C then what will be implications if the amount is shown in the bill of shipping agency co. as 'Agency fees' separately.

Please reply asap.

thanks,
gargi.

Hi Friends
NEW QUERY

Our company provide Ltc to our heads, Our Company Start Giving Ltc to them from 1ST APRIL 2005. Two person of our comapny travel 31-12-2005 to 15-01-2006 for this they take imprest from company on 25.12.2005 and submitted the travell bill on 15.1.2006. i just wana know that in which year i have to take the travel and how many travel he can avail for the block 2002-05 and 2006-09 years and why?

Dear sirs

any body please help me about the taxation of salaries

i want the format which i should collect from the employees and any guidelines regarding the above.

thanx & regards
Sadhana

dear sir/madam,
if i sell my inherited property(by partition in this yr.),will i incurr capital gain tax for that?

Hi Friends

PLease help me to sort out my query

Our company provide Ltc to our heads, Our Company Start Giving Ltc to them from 1ST APRIL 2005. Two person of our comapny travel 28-12-2005 to 31.12.2005 for this they take imprest from company on 25.12.2005 and submitted the travell bill on 15.1.2006. i just wana know that in which year i have to take the travel and how many travel he can avail for the block 2002-05 and 2006-09 years and why?

A Ca firm raises two separate bills:

1) one for professional services- say Rs 50000/-

2) For reimb of conveyance expenses for the above professional services.( say Rs
3000/)

What will the amount on which the tds shall be deducted.

regards

Dear Friends,

Please let me know details regarding filling of ITR Form 1 to 8, if I had already filed a Return in Form 2D after 14th May.
Whether I have to file ITR again and if yes, what treatment of tax and interest to be made?
What about the old acknowledgement no. mentioned in Form 2D?

Thanks.

in 80ic there is a condition for claiming it is:-
Business is not formed by the transfer to a new business of plant & machinery previosly used for any purpose.(more than 20%)

if we aquire old plant machinery on hire, than it will be covered by above or not ?and we will be not eligible to the deduction or not?
old machine hired can be more than 20% of new plant & machinery purchased?