We are a institution registered under society act , we made a payment of Rs. 1,00,000/- to an election officer (not a government officer) for the arrangement of election of our institution. Whether TDS will be deducted on that payment. Please also mentioned the section of Income Tax under which, TDS will be deducted.

thx in adv.

Hii!!
I have a query: i hav a client who has capital gain form sale of agricultural land, now in order to claim deduction u/s 54B she has to show the agricultural income for 2 previous year; here her husband has the said agricultural income but the act says the assessee or her parents should hav agricultural income.
Now can any1 suggest me with reference to any cases to claim deducltion u/s 54B if her husband has agricultural income.

Plz reply if u hav some convincing answer :)

Hi ,

If we have inventory of Rs.100 & its market value is Rs.80 thn what would be the entry at which cost .

& what should we do with the difference of both amount (Rs. 20).

Please help,

Thanks & regards
Priyanka

Respected Sir,

I am office assistant in Govt. office and dealing in income tax matter.

1. one of our employee have claim HRA exemption in following conditions:-


1. He has own name house in working place and also has his wife name house in working place.
2. The distance between himself and his wife name house approximately 4 Kms.
3. He has submitted a rent receipt from his wife.
4. He shows income from house property as himself name house rented out.
5. he is physically fit for duties.

Can he eligible for HRA exemption under section 10 of IT Act. If not which action will be taken upon him as per IT rules.

Om Prakash Jayal
09214663289

Sir,
We are registerd with Excise. We were selling our goods without excise due to limit of 1.50 Crore. Now we have cross the limit of 1.50 crore. We had started our bill with excise duty charged.

now, We have purchase a machine in which we pay excise duty appx. 12 lacs.

Sir, Can we take full excise cenvat of machine in this year, because after march'2013, we will start our sale without charge of Excise Duty up to 1.50 crore.

THE COMPANY INCORPORATED ON 08/05/2011 WITH AN AUTHORISED CAPITAL OF RS.10,00,000. WHETHER THIS COMPANY NEEDS TO OBTAIN COMPLINCE CERTIFICATE FROM PCS FOR THE FY 2011-12

Whether the defaulting director can be reappointed in the defaulting company after the completion of his tenure?

please provide me ans as soon as possible

kindly clarrify
1.when jobwork done for the prinicipal manufacturer whose products are excisiable no need to charge excise or servicetax

my query:
1.how do the jobworker knows that the principal manufacturer pays excise

2.is any undertaking need to be got from the manufacturer

Sir

I m running a manufacturing unit and deducting the depriciation of machinery , but suppose my depriciation for a.y 2012-13 is higher than my profit than how will i treat the depriciation.

Thanks & Rgds

Mukesh

Sir,
Please tell me the Provision & Procedure of setting up a Wholly owned subsidiary by an Indian company in Myanmar (Burma).
The company deals in veneers a form of plywood. The company is a private company.