if a X Pvt Ltd company have 5 employees (including Contract Employees) at the year end. during the year 4 employees has resigned. company is paying Gross salary Rs.30,000 to all and basic is Rs.18,000. whether company comes under purview of PF and ESIC.

Mr. A – has a property in India which was purchased by him in March 1992 @ Rs. 5.21 Lacs. Now he is UK Resident aged around 80 Years. Now he want to sell the property but cant travel to India. He is willing to sell the property @ Rs 1.68 Crores.

Option 1
If Mr. A authorized one person in India through POA to sell the property & that POA Holder sells the property @ 1.68 Crores. If money is paid to POA Holders account as mentioned in POA. Then who will be liable for Capital gain. Seller who is there in UK or POA Holder & what will be tax amount & its calculation.

Option 2
If Mr. A personally visits to India & sells the property then how the payment can be done to him as he don’t have any account in India. Can the purchaser make the payment in his foreign bank account . Is that allowed under FEMA / FERA. What will be tax implication & tax calculation.

Option 3
If Mr. A not coming to India & sells the property through POA Holder @ 1.68 Crores but the payment is not done to POA Holder. Can the purchaser makes the payment to Mr. A’s Foreign Bank Account. Is that allowed under FEMA/ FERA. What will be tax implication & who will be liable to pay tax & where. What will be tax calculation.

Regards.

Satyam

Sir,
We have filled client return on 01/07/2012 claiming refund of Rs. 10319/-, ack of which is received by CPC on 16/07/2012 but same is Not yet processed.
But return filled even after due date which have NIL refund or small amount of refund have been processed by CPC.
So What is the remedy with us in this case.

my mother have two fd of Rs 100000 each. the bank has deducted tds @ 20 % on interest on fdr as PAN is not avalable with bank in march 2011 and tds return is also filed by bank of same quarter without considering my mother PAN.

the whole facts came to our knowledge today as we are assuming that tds is deducted in sepember 2012 i.e at the maturity of these Fdr

Please specify the procedure to resolve this issue

Dear All,

we are paying more than Rs.90,000 per month to Cleartrip Pvt Ltd for our Directors travelling expenses. My Query 1.Can we deduct TDS on Cleartrip invoices. and 2. Can we deduct TDS on Reimbursable Expenses (My Principal is Non Resident)

Kindly Help me.

Regards,

Dear Sir

i am getting Rs32500 CTC including Special allowance Rs2450 & Transport Allowance Rs800.
Also i am getting Other Allowance Rs4000 for Travelling,Mobile & Internet expenditure fixed everymonth.
Kindly intimate which are Taxable & how much taxable amount.

Dear Experts

I had worked in 2 companies during the tenure Jul 07 - Sep 08 and from Feb 09 to Dec 10. Thereafter i left my job to pursue CA and indeed i have qualified the same. My query is that i had applied for PF withdrawal of both the companies and had received the EPF amount in Mar 2013. The total amount received is 66000. Should i file my return for FY 12-13 considering this income as from "Other Sources"

Please let me know the treatment.

Thanks in advance

Dear Expert,
What are the requirements to be fulfilled by an pvt ltd company regd in karnataka to deduct and pay professional tax?
Also, incase of employing an employee, whether the company has to intimate any govt deptt about his employment or needs to get him registerred under any law?


Thanks in advance.

Dear Sir,

Pls. let me know how much % TDS to be deducted on Security Service Bill. The Bill is amounting Rs. 8090 (Security Chsg. 7200/- & Service Tax Rs. 890/-) Pls. let me know the TDS Amount to be deducted in above case while making Payment. The Service provider is a Company & not an Individual.

Since, ICAI had imposed a restriction on the number of audits conucted by a Chartered Accountant under section 44AB, by imposing a ceiling of 45 on it.

My query is whether those assessees whose turnover do not exceed the limit speciefied , ex, for the current year limit of Rs. 1 crore for compulsory audit of accounts under section 44AB,

then will the audit of such assessees conducted by a chertered accountant be counted while calculating the limit of 45 imposed by ICAI?