Recently Supreme court has dismissed the SLP filed By Income Tax Dept. against the High Court Judgement in case of Vector Shipping Services Pvt. Ltd. .My query is that whether the Assessee is liable to deduct TDS only on the sums which are payable on the balance sheet date. The sums paid without deducting TDs during the year will be allowed as business expenSe?
my mother , who ia a housewife and senior citizens, received family pension arrears of my father ( who passed away in 2010) for the period fy 2010 -11;11-12;12-13 in may 2016 ( FYI 2016 -17). my mother has paid all her taxes due for the previous financial years.my query is
1. my mother being a nominee to my father's pension, can she claim rebate as a process of inheritance/ nominations.
2. if tax is due, how should it be calculated.
3. will it call for revision of tax filed in the previous finance year 2010 -2013
Dear Experts,
I had paid Rs. 26000 school fees
for my child as on 26/8/2016 however
This fees was paid in Advance. I mean
Fees for the session 2016-17.
Pls tell me can i claim 80C deduction
of tuition fees Rs. 26000 in AY 2016-17
Thanks in Regards
Anmol Jain
Is employers contribution made to NPS is considered as income? Should I have to add employers contribution to income? Can I deduct it u/s 80ccd(2)? Can you explain with an example? Is there any circular regarding this. Thanks
Dear sir, Restaurant is located one place and their kitchen is located another place, now can we say that kitchen is additional place of business to the restaurant?
Why in tax audit report we select ' NO' in question wheather BOA prescribed as per sec 44AA even if t/o exceeds rs 120000.
one of my client wants to start a training and placement service. He is first trained the candidates and than recommend his candidates to some good companies than company takes the interview of the candidate and select or reject it. After that when candidate serve the company for minimum 3 months than the company will pay to my client a handsome amount per candidate. My question is that it should be registered in which category or multiple categories????
Can subscribers to MOA bring the share application money in cash??
Dear Sir,
Kindly solve the following issue.
A public company is created in the year 2013. The company has not obtained certificate of commencement till today, nor it start any business. The company wants to continue the same company now.My question is, whether it is possible do continue such after 2 years of incorporation and not getting certificate of commencement. And secondly., what all to be done for such regularization ?
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Regarding sec 40a(ia)