1. Reg. Income on Salaries.
- Can an employee request the employer through an application not to deduct his/her taxes vide a declaration that he/she will take care of his TDS and other liabilities with regard to Income Tax and employer is not responsible for the same?

2. Payment of Taxes on Salaries.
- One of the company, employees are receiving salaries with 60 - 90 days delay. Eventually, employees are receiving around 8-9 months salary only during the financial year. In this case, is employee is liable to pay for the salary which he/she has received in his / her bank account or for the full earned salary of 12 months ...even though the payment is not credited to an employee's account? I am assuming to pay taxes only on the salary which got credited to an employee's bank account. Request clarification on this please.

3. Employer deducted income tax from salary but not deposited to Income Tax Department..... so not issuing Form 16.....
When the employer is a defaulter, what do employee's course of action to file Annual Return?

In Sec.44AD, we tax 8% profit on turnover and if we have to show less than, then accounts should be audited u/s 44AB provided t/o is less than 1crs. in ITR-4S. But if t/o is less than 1crs. and we are showing profit after deducting expenses from income in ITR 4 , and such profit less than 8% of turnover, then accounts need to be audited?

We, I (myself & my two sisters) have inherited a 10.00 bigha plot of a land from my father during the year 1985, which was purchased by my father for Rs. 1,000/-per bigha only long ago.
Total cost by father 10,000

We had to incur various expenses like earth filling, road construction etc. etc. on each
plot @ Rs. 50,000/- per plot.
Total Expenditure 500,000



Now the said land is converted in 10 nos.plot of 1.00 bigha each and is going to be
sold to various persons @ Rs.2.00 lac per bigha each.
Total sale price 2,000,000


Hence, Sale proceed 2,000,000
Less: Cost & Expenses 510,000

Long Term Capital Gain 1,490,000


Sir, whether the above calculation is correct ? If correct, what are the various provisions to minimize the tax on LTCG ?

Tax implications on voluntary retirement, conditions.Is the date of announcing the scheme important for calculating tax liability ?

what is the Difference between escalation clause and cost plus contract

hi friends.. Please tell me how to prepare for Audit&ITSM for MAY 2017 exams. This is my 8 th attempt...I don't know where I am lacking in preparation.. every attempt I failed just by 10 marks around. Please provide me Subjects wise& topic wise guidance and also tell me how can I effectively utilize these 50 days time.

What are the documents accepted as attachment to MGT-4 and MGT-5 as Instrument/ document under which the beneficial interest is created/ transferred/ changed

Dear Friends,
As per model GST Law, What should be tax rate for Packing , insurance , freight charges in invoice, in case invoice contains multiple materials with different tax rate as per applicable HSN codes.

What are stand by assets which are allowed dep even thought not put two use as per CIT V/S SOUTHERN PETROCHEMICALS IND LTD (MADRAS)

private limited company can compulsory for appointment a company secretary if paid up share capital is more than 8 cr