Hi All,

We have received invoice from event organizer (Partnership firm), they have provided to us food and organize games. In invoice they mention only Corporate Team Outing of Rs. 87000/- (NO service tax added).

Pls. guide me whether TDS applicable on this. If yes, under which section.

Kindly revert me.

Thanks & Regards
Pramila Bargode

Can profit earned by a HUF be distributed among the members of HUF in regular course? Is there any option like withdrawal or drawings(available in partnership firm) available in HUF?

Can profit earned by a HUF be distributed among the members of HUF in regular course? Is there any option like withdrawal or drawings(available in partnership firm) available in HUF?

Please clarify further about issue of form 16...

The employer in question, states that he will not be in a position to issue form16 to his employee since there is no TDS deducted from the employee (employee is falling under below the slab category ).

Can the employee demand for a form 16 even though there is no TDS for the whole year's salary and his salary is below the taxale limit.

Dear Sir,

Please clarify this point - " Whether Form 16 can be issued to employees who draw salaries but there is no TDS"
Such Form 16 is a must while applying for housing loan from banks.

What is the alternative for this and whether such alternative would be acceptable by the banks.

Rgds
Arun kumar

Hi ,

My father passed away on 20.04.10 and my mother and self ,by virtue of being a nominee, for his savings account, PPF, FD's, post office,LIC policy etc have received the benefits.

I want to know the following:
1. Do I or my mother or any nominee pay Tax as a result during FY 2010-11;AY 2011-12?
2. If yes, what is the rate and category?
3.If no, how do I record in my income tax as not applicable or exempted?
4.Does this fall under inheritance or wealth /gift tax ?

Dear Experts,

I have taken one ULIP in LIC (Market Plus ) in the name of my wife, Due to unavoidable causes i have not deposited Premium in F.y. 2009-10,further I have deposited premium in F.Y.2010-10 which was due in F.Y.2009-10 , Next Premium due in F.Y.2010-11 & Deposited in F.Y.2010-11, Can I take benefit u/s 80 C in the F.Y.2010-11 against both deposited Premium .

Pl. clarify..
a)an NRI employed outside India..
getting salary. Understood that this income is not taxable in India.. (since Tax deducted and paid in the respective country)
But
b) He is getting another income which is other than the above, for which no tax is deducted or paid (income earned the other way)
Is this income stated (b) earned abroad is taxable in India.. ?
Even if DTAA is available how much he needs to pay tax.
c) Apart from the above he has income from India also..

Please clarify..!! with respect to international taxation with applicable FERA FEMA

hi friendzzzz

i filed ITR - 3 for the assessment year 2008-09...he took ITR V acknowledement and send it to Income tax department 3 months back....till now i did not receive any confirmation copy......what should i do????/??

Please reply me...as early as possible

I purchased plot for 3L , taken home loan of 7L and used my own money of 7L for constructing the house. Now I need to sell the house for which I am getting 18L. What is the tax implication?