1. Can a company having a registered office in UP, setup their Corporate office in Bihar? if yes, then do we have to inform both the RoC's or MCA and also what would be the process?

2. Also the book of Accounts & Board meeting records needs to be maintained in the Corporate office in Bihar.

So please advice.

Hi, Experts

I had incorporated a new trading & services pvt. ltd. company and had recruited 15 employees having gross salary between 6.5k to 11k and five employees 12k to 53k
Please tell me how can I divide the salary i to basic, hra, ta da etc. and also tell me that the said company is liable to deduct ESI & PF of all the employees.
Kindly help me out of this.
Thanks in advance.
Sunil Arora

ACCORDING TO IT ACT,1961 ELIGIBLE PERSONS HAVE TO ESTIMATE THEIR INCOME AND THEN PAY TAX IN 3/4 INSTALLMENTS ACCORDING TO HIS/HER STATUS. IF THERE IS ANY DEFERRMENT OR SHORT PAYMENT IN ANY INSTALLMENT, ASSESSSEE HAS TO PAY INTEREST ON THE SHORTFALL IN EACH INSTALLMENT.
SO I WANT TO KNOW THAT HOW WOULD INCOME TAX DEPARTMENT KNOW ABOUT OUR ESTIMATION?
PLEASE EXPLAIN IT TO ME IN DETAIL..

In case of depreciable fixed asset on which depreciation is availed is converted into investments and post 3 years of such conversion the investment is sold, whether the gain arising would be long term or short term and also the cost to be considered should be book value or cost of acquisition of property.

Please explain
Thanks

I filled IT Return u/s 44 AD and i have agricultural Income. So ITR form 4 selected automatically. Now I got Notice from Income tax department u/s 139(9),reason - profit & loss and balance sheet not filled . I have approximate p&l and balance sheet so can I enter these financials?
How can I give response to this notice?

Dear expert,

We done job work for the party and for that we raise job work invoice with service tax. so my query is can we avail service tax paid on Business Auxiliary services as Cenvat Credit like - Good Transport Agency (GTA) service tax. Please guide & reply. Thanks in advance.

Aashish Padol

R Sir
My brother is employed as a paharma marketing executive in Saudi Arabia since 2 years. He frequently remmits & diposits his mpnthly salary through his salary bank a/c in SAUDI to his wife's sb a/c in a nationalised bank in India. I want to know wether income he earns outside India & deposited in his wife's saving a/c in an Indian bank is taxable or not? During the last 2 years he enjoyed only a vaccation of 43 days only in India & resumes his duty thereafter.
Hoping the most comprehensive & quickest reply from yourend.
Thnx.
Warm regards.

Dear All,

From April 2016- to Dec 2016 my employer reimburse me medical expanse of Rs 85600/-. First we paid to hospital and then claim from employer with all bill and payment detail.
As per Income Tax Act Rs. 70,600/- (85600-15000) is taxable. What is logic behind income tax on medical bill reimbursement on Rs. 70,600?

last year i was doing business in gujarat but in this year i am in rajasthan now my jurisdiction in gujarat how to transfer in rajasthan?

I am a salaried person and deposit 10% salary in NPS near about 48000 per annum and same amount from my employer.please suggest me the deductions under 80ccd(1) and (2). I come under 10% tax slab and also tell me if I get employer'contribution as deduction then should I also add it in my income.