Hi, I have a query regaring Medical Ins exemption..Medical Ins premium paid by Individual is exempted if paid for dependent or Indepent parents..But if it paid by Parents for thier Indendent children then it will be exempted in d hands of Parents?? If not, then Independent children can claim that amount paid by Parents?? And what would be the scenario if premium paid by father in law for his independent daughter in law

Regards

Dear sir/mam we are a company which get its employee official travel tickets booked from a travel agent who gives us a invoice for respective ticket amounts along with the service charges. need clarification about , is any TDS is to be deducted on our part for such a payment and if yes, then at what percentage??

Dear sir,

We are Under Excise Registration How to show Purchases Under Vat Return For Example

we Have Purchase 100
Plus: ED 12.36% 12.36
plus: Vat 5 % 5.61
Bill Amt 117.97

There is of Purchases Difference In vat Return and Books Entry

IN bOOKS we are Showing Purchases 100 and in vat Return We are showing Purchases 112.36

assessee is a agriculturist, by the govt (special land acquisition office, NHAI chitradurga ) has acquired land and deducted the tax under section 194A but we have claimed the tds amount by making return file (ITR2) then so many assessee has received the tds refund amount.
MY QUESTION IS UNDER WHICH SECTION THIS INCOME WOULD BE EXEMPTED, AS I HEARD THERE IS A GOVT ORDER TO WHO PURELY AGRICULTURIST

CAN ANY BODY CLARIFY

Dear Expert,

I have two loan from TATA Capital, one is a Home Loan (Disburse in 2010) and second is Top up of the Existing of Home Loan (Disburse in 2013).

Please confirm whether Principal & Interest of both the loans are exempted? if yes then confirm me the amount of exemption.

Dear All,

Please tell the provisions applicability on Banks and its 100% subsidiary as per Companies Act, 2013.. And also disclosure requirements..

Thanks.

What is a benefit by R R Sale

Pl Mr. expert answer....

Matter is most impotent...

Hi
A client of mine owns two house properties jointly as husband and wife being co-owners.

Prop -1 which is SOP is clear of any home loans and is being occupied currently.
Prop -2 has a home loan on it on which the interest is well beyond the limit of 150,000 allowed to each individually.
In case they decide to rent out prop-2 can they claim the entire int paid on home against the rental income. if yes can u please quote the exact section reference.
In case after claiming the entire int on home loan against rental income from house prop if there is still a loss - can the loss be claimed against income from salary earned by each of them equally.

As per ICAI Notification after 1 year of articleship for transfer pervous approval of ICAI need.
Can any one give me formate of application to made to ICAI. I have need it urgenty . Plz.send me in my Email-id : vishwa10feb@gmail.com, vishwa10feb@hotmail.com

As section 194C Substituted by the Finance (No. 2) Act, 2009, w.e.f. 1-10-2009 which provided vide subsection 6 that tax shall not be deducted in case of plying,hiring or leasing of goods carriage if person who is paid for such services furnishes PAN to person paying sums. Read the exact wordings below (6) No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his Permanent Account Number, to the person paying or crediting such sum. What is Goods carriage? Clause (14) and clause (16) of section 2 of the Motor Vehicles Act, 1988, define “goods carriage” means any motor vehicle constructed or adopted for use solely for the carriage of goods, or any motor vehicle not so constructed or adopted when used for the carriage of goods;’ Conclusion Therefore, it becomes clear that only in case of Goods Carriage plying or leasing or hiring, TDS may not be applied if the contractor of gooods carriage provides payer his/her PAN. Other transporters are still covered u/s 194C. In other words, loading unloading or transportation of employees are not covered under subsection 6 which exempts certain payments from TDS levy. However, I feel if the loading and unloading is made part of work of Goods Carraige, consolidated payments i.e payment for goods carriage as well as loading unloading shall also be covered u/s sub-section 6 of section 194C and TDS may not happen on those payments.

I want to know in my business my transporter provided me the PAN ....So i not deducted the TDS.Should i need to submit that PAN in return......if not then what will be the fine.......
Kindly help me i am a new in business and stuck in that...please