We hire vehicles for our work on regular basis on a fixed rate for a certain period of time. Apart from this, the diesel, engine oil, parking charges, toll taxes are reimbursed as per actual. The diesel is reimbursed @ 12 Kms per ltr and Engine Oil is reimbursed @ 500 km per ltr.
Should we have to deduct the Income tax @ 1% on the hire charges or the total amount of bill paid to the contract which includes the reimbursement on account of diesel, engine oil, toll tax, parking charges etc. Pl clarify

Hey, experts can anybody tell me how to update the ITR if the bank a/c is to be changed and the ITR is already filled so can anybody tell me what is the procedure (the bank a/c no entered in the ITR is different and now i wish to change it)

What is the process to be followed incase an article clerk stop coming to the office(for more than 4 months) without intimation to the principle office.

What is the process for termination of the article clerk as he is also not responding to any call.

As per the information he is working fulltime in a Bank without intimation to the principle office.

Kindly advice.

My Client has Income from Sale of securities listed on new work stock exchange. she was NRI having NR/OR status at the time of purchase of the stock. It was sold during current year when she is resident.what is tax implication of the above transaction.

If a domestic/foreign trip is sponsored by the employer to its employee, if they achieve certain sales target. Will it be taxable in the hands of employee?
Please help as soon as possible..

Does SEC 44AD is not applicable to agency business, if yes than what is agency business as per Income Tax Act.

Dear Sir
My client has paid his service tax dues with interest but hasnt filed his returns for the last 2 yrs.
Can he claim relief against penalty for non filing through vces ??

1. Does developers has to pay service tax on landlord share? if yes, when service tax is to be collected or remitted?

2. If the landlord sold his share before obtaining completion certificate then what is the value of taxable service on which developer has to pay service tax?

Dear Experts,

I have sold a In heritage Agriculture Land on 2012 of Rs. 22 lacs. on the sale of land Agriculture Land comes under urban land. the same land was bought by my father in 1965.

now my query is whether I m liable to pay income Tax ? If yes, than how much and what is the procedures ?

Thanks,

Vijay Jain

Dear Sir,

It is said that when the pan number is mentioned on the bilty/transport bill the tds need not be deducted. i have come across a situation where in i have been told that if the tds id preprinted it is acceptable,,,but if it is written with the pen than this provision is not applicable....is it true?? are we not suppose to deduct the tds if the pan number is hand written by the owner/driver.

please answer me sir.