Hi please explain long term capital gain exempt u/s 10( 38) and long term capital gain taxable u/s 112

Thanks

Which section relates to the CHARGEABILITY OF SERVICE TAX?

Is it Sec 65(105) or Sec 66 ?

Dear All,

Please let me know that auditors remunaration paid to auditors by a company is allowable expencess for the company

Thanking you

We have a ancestial property. Where my father, my brother, my uncle and his son were inhereints of the property.

Now since father expired, will it automatically the share of my father transferred to my mother, myself and bother? what procedure is to be followed?

My mother (who is senior citizen) is also received rent of 3,81,000/- in this year from the said property since father expired. How tax liability will be calculated thereon?

Should we create HUF?

We have a ancestial property. Where my father, my brother, my uncle and his son were inhereints of the property.

Now since father expired, will it automatically the share of my father transferred to my mother, myself and bother? what procedure is to be followed?

My mother (who is senior citizen) is also received rent of 3,81,000/- in this year from the said property since father expired. How tax liability will be calculated thereon?

Should we create HUF?

If an Indian Private Ltd. Co. has to pay pure reimbursement of expenses to its Group Company in China who has given the details of the expenses by way of a statement but no supportings for the expenses are provided. Then would Withholding tax apply for making payment to them? If so at what rate? Since these expenses are pre-incorporation expenses, whether the same would be allowable ?

If an Indian Private Ltd. Co. has to pay pure reimbursement of expenses to its Group Company in China who has given the details of the expenses by way of a statement but no supportings for the expenses are provided. Then would Withholding tax apply for making payment to them? If so at what rate? Since these expenses are pre-incorporation expenses, whether the same would be allowable ?

If an Indian Private Ltd. Co. has to pay pure reimbursement of expenses to its Group Company in China who has given the details of the expenses by way of a statement but no supportings for the expenses are provided. Then would Withholding tax apply for making payment to them? If so at what rate? Since these expenses are pre-incorporation expenses, whether the same would be allowable ?

If an Indian Private Ltd. Co. has to pay pure reimbursement of expenses to its Group Company in China who has given the details of the expenses by way of a statement but no supportings for the expenses are provided. Then would Withholding tax apply for making payment to them? If so at what rate? Since these expenses are pre-incorporation expenses, whether the same would be allowable ?

Dear Sir,

We are an MNC having branches all over the world.

We have personnel traveling from our Group Companies to India for helping us on certain issues and so also we have our staff traveling to attend meetings, training to our Group offices.

Our Group Companies' raise invoice on us for the expenses incurred on our behalf (reimbursement) and we settle the same.

Off late, our bankers ICICI insist on a CA certificate for all remittances even when the invoices are supported by third party invoices for hotel stay, travel etc.

My CA insists that TDS will be applicable even for such reimbursement of expenses, which I disagree.

I would appreciate if somebody can throw light on this and let me know the provisio under which this is taxable or not taxable

regards

Sivaraman