A Ltd. is a US based company and B Ltd. is an Indian Subsidiary of A Ltd. A Ltd. pays salary to the employees of B Ltd. its subsidiary directly into their bank account. Please note that B Ltd. does not pay any salary to its employees. (All the employees are Indian resident)

In this case who is liable to deduct TDS on salaries of the employees?

Also A Ltd. has paid salary to the employees before the incorporation of its subsidiary i.e. B Ltd. Then on what amount TDS is to be deducted and by whom? Also suggest the accounting treatment of salary in the books of B Ltd.

due date of filing return of working partner of tax audit firm--30/9 but if it is a sleeping partner whether date wil be 31/7 or 30/9.

wht is due date for filing return of any director (MD,executive directer etc) of co
since director is not mentioned in ""30/9 para""

Any person joined any co. on 17.8.09. He is getting every month transport allowance Rs. 2000 which include in salary Rs.15000/-. In the joining month aug'09, he got transports allowance 2000/31*15 = Rs.967 for 15 days. Can he get exmption Rs.800 (under sec 10) total amount that month for calculating of Form 16? or he will get exemption on ratio basis i.e. Rs.800/31*15 = Rs.387 when calculating form 16.

Looking for test paper note for getting clearance in study note 15 & 16. If anyone has these notes could u let me know.

SIR, PLZ ANS THE FOLLOWING QUERIES :

1. IF A PERSON IS PART TIME ENGAGED IN INVESTING IN OPTION DERIVATIVE THEN INCOME,IF ANY,IS TAXABLE UNDER PGBP OR CG

2. SHALL HE HAVE TO MAINTAIN BOOKS OF A/C IF INCOME EXCEEDS 1,20,000 /-

3.FOR SEC. 44AB , LIMIT OF 40 LAKH IS TAKEN FOR CONTARCT VALUE OR GAINS ONLY BECAUSE BUYER OF CALL/PUT OPTION HAS TO PAY PREMIUM AND ON SETTLEMENT ONLY DIFFENCE IN PRICE IS SETTLED.

Is there any proposed increase in the municipal taxes on properties let out in mumbai

As per management policy employees/ professionals are given fixed telephone expenses and fixed food expenses. The employees/ professionals does not provide any supporting of bill while claiming the expense. Whether it is allowable as per income tax laws without any supporting and only on the basis of voucher stating telephone expense and food expense. What is the alternative solution if it is not allowable as per policy.

What is the procedure for partition of HUF having only movable properties in the form of Investments ?

What is the procedure of applying to chief commissioner of Income Tax for the purpose of clause (ii)(b)of the proviso to section 17(2)for claiming exemption in respect of medical facilities.

Is there any specified format of application and what are the other requirements for this. Please provide me all the requirements.

Thanks

A company has sold some goods to its sister concern in FY 2008-2009. Now in 2009-2010 the company would like to take back the said sold material.
Whether it could be possible to show it as a fresh purchase in our books? any accounting standards, norms, principles, policies on this issue?