Sir / Madam
Please clarify the below -
(a) In the following cases, what will be the amount of PF to be deducted by a firm / company?

Case 1- Salary per Month Basic + DA = Rs 20000.00
Case 2- Salary per Month Basic + DA = Rs 15000.00
Case 3- Salary per Month Basic + DA = Rs 10000.00

(b) In the following cases, what will be the amount of ESI to be deducted by a firm / company?
Case 1- Gross Salary per Month = Rs 20000.00
Case 2- Gross Salary per Month = Rs 15000.00
Case 3- Gross Salary per Month = Rs 10000.00
Please advice
Regards
Anil

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Sir,

I have paid Tds deducted on 194J in Q1 of F.Y.2016-17 on time but did not file Tds Return Yet. Is there any solution to avoid penalty u/s 234E?

Regards,
Varsha

Dear Sir/Madam.

I am in Working in a Trust as an accountant. Want to ask a query about TDS on SUB Contractor for an employee working here because here we deduct 10% as per 194J.

Can we make a Service contract with an employee and Deduct TDS @ 1% on there Fees.

I know its sounds normal, but want to consult with you Guys i.e. Experts.

Dear
I have gone to foreign on 27 July 2014 and come back on 4 oct 2014 total 70 days, out of this i got only 35 days salary from foreign and transfer it to NRI account, and balance 35 days got India salary treated as deputation duty,

please suggest which ITR should to file, and i am resident of India or not for the 2014-15.
35 days foreign salary is taxable or not

Thanks in advance
Regards
Praveen

Dear Subject Matter Expert(s),

My mother is a house wife having very less annual income. Thus, we use to not file her returns.

However, we filed it this year to get the TDS refunded on her fixed deposits. When we opened her account, we saw that income tax authorities has also sought returns for the AY 2014-2015. Is this a legal notice for income tax return?

We created returns for this AY too; however, since its a two year old return E-Filing is not accepted. How should we file this return? We are from Mumbai, Maharashtra.

Thanks & Regards,
Aashish Agarwal.

Who will sign ncome tax audit report in case of assessee is in imprisonment ?

what is the exemption available to employees for food coupons per annum

Respected Sir.
Good evening. I received LIMITED SCRUTINY letter from income tax department for following issues A.Y 2015-2016
1) Import turnover mismatch
2) Custom duty mismatch

I am proprietor of the company. During sep 2014 I have IMPORTED sheep crust leather from Nigeria for the value of usd- 202,529.70 ( INR-1, 27,43,733.84). on 90 days credit basis. After receive the shipment the quality of the leather is very bad. so I Can’t make the payment..i ask them to reduce the price but they refused And ask me to send back the material. Imported material is duty free as per our customs norms. If I return the material I have to pay 40% duty. so I keept the material in stock(total material in stock). Due to this issue THE VALUE OF THE IMPORTED GOODS NOT INCLUDED IN BALANCE SHEET.
My doubts are
1) How can I solve this issue?
2) If there is any chance for penalty? If yes how much I have to pay?
3) How can I prepare explanation letter.
Waiting for your valuable reply.

Thanks &Regards
raja

i want to know one thing that i m providing cab to a company i have 3 employees under me .... i m not a registered dealer of service tax ...... the Co. to whom i provide service gives me the payment after deducting TDS @ 1% per employees under me and after deducting my profit i gave salary to my employees... sir will u plz tell me the process of tax payment

Sale Value of Vehicle is Rs.485000
1st Cash Receipt - Rs.61000
2nd Cash Receipt - Rs.424000

1) Should TCS be collected on 2nd cash receipt alone as Cash receipt is >2 lakhs
2) Should TCS be collected on the total cash receipt