IF any person going to abroad for client site project the amount which we pay to him as Food and daily allowance is Taxable however the all expenditure which we incurred on him is charge to the client.

Reg
Mint

Can we invest in LIC/eligible MF/FD/NSC for Rs. 1 lacs for deduction u/s 80C by taking a loan?

Is interst payable on this loan is allowable expenses against interst income or salary income (If no business income)

If a US based company provides a service via internet to people in India, will it attract service tax?
Should the company have a service tax registration as a foreign entity?


Thanks
Praveen

One of the employee took a loan from bank for acquisition of home and he will get possession after 2 years. But his EMI already started.
Can he allow for deduction of interest under home loan for Rs. 150000/- and U/s 80C for installment paid in current year?

Can Assessing Officer issue a notice u/s 142(1)(ii), after the end of one year from the end of relevant assessment year (i.e. once the return is time barred), requiring the Assessee to file the return of income?

Please give reference to any specific section or case law if possible

Here is the Case.

An agricultural land is purchased in the year 1961 for Rs. 3000/-. Later it is registered for Rs. 2 Lacs in the year 1981. In 2007 it is sold for Rs. 55 Lacs. In 2008 the same land is registerd for Rs. 1 Crore.
For the above case which Amount should be considered for calculation of Capital gains? whether Rs. 55 Lacs is to be considered or Rs. 1 Crore? Please let me know...

Thank you.

X company incurrs seminar & training expenses, which is subsequently recovered from its group company.So is X company liable to pay FBT on Seminar & Training Expenses ???????

if we are not depositing the epf & esi on due date it is disallowed whole amt of both share employees and employer or only interest? under which section refer me

i purchae a land of rs 500000/- during the year for cunstrction of building for business purpose but during the year receipts are received rs 10 lakhs & total work is completed of rs 50 lakhs is equles to 25% of the project cost receipt is less than 40 lakhs tax audit is applicable or not
wheter land is transferred to p & l a/c by % wise or total cost

In a work contract agreement it is in practice to provide sum as mobilisation advance to the service provider.

i) Whether service provider is liable to pay the Service tax on realisation basis without rendering the services?

In addition to above we would like to know whether a wooden furniture providing and fixing work at office premises is attracted to serive tax while the above work has includes all the materials.