Respected Sir,

I take a policy SBILIFE - Smart ULIP on 31.3.2010 and insurance premium 50000 per year and lock in period 3 years till 31.3.2012. And sum assured after 10 years RS 250000. I have Surrendered policy in f.y 2014-15. I did not taken any deduction u/s 80C any years. I received a notice for income tax department not filing of return for f.y 2014-15 regarding sale of equity share in recognized stock exchange. PLZ guide me what will be tax treatment related ULIP. Which ITR should be file and have salary income from govt department.

I shall be thankful to you

One of my friend total salary 17-18 Rs 3,00,000 .
standard deduction Rs 2,50,000
Balance Taxable income Rs 50,000
Please advise best method of Tax saving scheme

Dear Sirs,
I am running my own business . I purchased a Jewel for Rs.40,000 and the same was gifted to one of my employees whose daughter got married recently.

Can I book the entire amount as Staff Welfare Expenses ??

Please advice.
Thanks.

We provide house as rent through on line . our partners are MakeMyTrip, Goibibo etc.Persons book houses on line.Then they pay rent through on line by cash or net banking etc. Our turn over is less than 1.5 crore.

Ques . 1) Do we call it E-commerce business?
2) how shall we do sale entry in tally as cash sale etc.?
3) how shall we do gstr 3b file ( I want to know process of filing)?
4) what is the due date for Gstr 3B filing ? Because, we are not filing Gstr 3B , still now.
5) How shall we calculate the late fees & interest in case if tax is to pay ?

WE ARE PAYING MOBILE PHONE ALLOWANCE RS.500/- P.M. BY CASH .
ON BASIS OF CASH PAYMENT VOUCHER TO OUR EMPLOYEE.
IS THIS AMOUNT IS TAXABLE -UNDER INCOME FROM SALARIES.
IS THIS MOBILE PHONE AMOUNT BE A PART OF SALARY & TO BE INCLUDED
IN FORM NO.16 GIVEN BY EMPLOYER TO EMPLOYEE

PLEASE GUIDE US.

RAJKUMAR GUTTI

one of my client is a dealer in sarees now intended to give raw materiel to the weavers and get sarees by paying the wages on the basis of wages per saree. my question is shall we pay g.s.t. on wages so paid. if to pay on what rate. please give us your valuable guidance. Thanks in advance

K.B.Nagesha Rao
9448826793

whether any tax benefit available on bond amount of Rs.150000/- paid to employer at the time of resignation from employment. This bond amount is payable as per terms of employment of the company is somebody is resign from the company before completion of no of years specified in the agreement. Actually this amount is paid from the salary on which already TDS was deducted at the time of disbursement of salary.

AN IT COMPANY HAS TO PAY A CERTAIN AMOUNT TO ANOTHER COMPANY AS A PROFESSIONAL FEES OF USA. ARE THERE ANY TDS IMPLICATIONS OR ANY OTHER LAW WHICH COMES INTO FORCE?

Sir,
The notification in twitter , it is learned that Govt. has extended the trial phase of generating e-way bill for an indefinite period due to certain unavoidable circumstance. My question is , whether VAT way bill system is still be useful until the situation is normalize?

With Regards,
B NAG
Kolkata

Accountant took entry of taxi bill by deducting TDS but I have made less payment after that some deduction, finally his books of account shows difference of amount Rs. 888/- Cr.
Now new bill submitted Amount Rs. 9459/- and he advice me to pay him 9373/- as per following
9459 - 888 = 8571
less TDS 1% (86) = 8485
Now add diff = 888
and paid him = 9373/- is it correct to set off difference in books ?