We are a medical company and are paying over Rs 75000 to bio medical waste disposal agency based out of mumbai. They charge service tax to us. Is TDS applicable, under what section.

Sir

In my company salary is divided into three heads namely
Basic
HRA
Conveyance Allowance

Now employees are saying that with this breakup they are unable to take advantage of deduction upt0 15000 for medical reimbursement

they are saying make one more partition for salary head under medical allowance so they could claim medical reimbursement in return

Tell me whether what they are saying is correct give exact income tax law for claiming this deduction
what formalities are required from employer side if they want to claim deduction in Form 16

please clarify at the earliest with exact reference to Income Tax Sections so i could put forward the same to higher persons for implementation

Thanks & regards
dheeraj kumar

If asset is less than Rs.5,000 then full depriciation is to be claimed ???

And suppose for example i purchased a assembled computer in it there are many accesories present which i had purchased for less than Rs.5,000 then those all items have to be fully depriciated
Or
these assets are going to be integrated and i will take the cost of the whole computer for depriciation purpose or will go component wise ??

sir, how much amount is exemption under salary income for the f.y. 2012-13

Respected Sir I am Shiddappa Puttannanavar Bcom graduate with 11 years work experience as data entry, Administration, Accounting. Now I am searching for accounting job in Bangalore special in IT filed. I am very familiar with Tally 9.0, Sales Entry, Purchase Entry, Bank Entry, Stock Maintance, Journal Entry, and Finalization of Account in Tally. but my problem is that I cant speak ENGLISH fluent but speak manageable so I didn't get account job even searching hard since 6 month in Banglaore So please tell me how can I get Accounting job in IT company please help me

Good Afternoon
If there is STCG of 180000,is a person liable to tax? Will there be any difference if Such STCG was covered u/s 111-A?
Pls answer w.r.t Assessment Year 13-14.

Hello all.

Happy New year 2013.....

My query is that whether TDS will be deducted on brokerage payment to Sub-brokers? Sec.194H excludes securities out of tax deduction.

Please any one explain with logic/provision of tax deduction, if applicable.

plz let me know the slab rates for A.Y 2013-14

Respected All,
I want to share following practical problem with all of you.

Facts :

Board of directors of a company appointed an additional director on 26.09.2012 in term of power conferred on them by the article of association read with section 260 of the Companies Act 1956.But intimation of such appointment was given to ROC on 20.10.2012 by filing Form 32.
First AGM of the company was held on 28.09.2012.. Date of Notice of such AGM was 27.08.2012. Notice of AGM was containing only following Agenda for discussion :

1) To consider and adopt the financial statement.

2) To consider the re appointment of statutory auditor.
By mistake nothing was mentioned about the re-appointment of above said additional director. Annual filing form has already been filed with ROC.
As per Section 260 of the Companies Act 1956, Additional Director shall hold office only upto the date of next AGM of the company.

In view of the above said discussion, above said additional director has automatically vacated their office ,by operation of law, as additional director of the company on 28.09.2012.
Now i want your advice on following queries :

1) Is it necessary for the company to intimate to ROC about vacation of office of additional director by filing form 32.

2) if company want to re appoint said additional director w.e.f. 01.10.2012 then shall we have to file two Form 32 (one for vacation of office and another of re appointment of said additional director.

3) Since the agenda in notice of AGM does not contain any business relating to reappointment of said additional director. can we skip to intimate to ROC about vacation and re appointment of director . Since Still the name of said director is showing as additional director on MCA portal in the list of company's director. and can re-appoint them in next annual general meeting to be held after 31.03.2013.

what will be the tax liability of a member of HUF who gets the capital assets and/or proceeds after selling the capital assets which he/she gets after dissolution of HUF after death of karta..

please cast relevant sections also.

regards

Manish Kr Jaiswal