Hi, While auditing one of my client which hospital. In his case he received some nurse's on contract basis from consultant. And consultant not charging service tax as it is covered under mega exemption. But I think this exemption is available to the hospital and not for the consultant who provide services to hospital. So plz help me in this matter..

We have two entities one in India and another in Bangladesh. one common client in France transferred money to India whereas it belonged to Bangladesh. Is it allowed to transfer this money from India to Bangladesh directly as per FEMA regulations .

If a individual person doing job in a company as an employee, and he get salary in a form of professional fee and company deduct tax in sec 194j, then how the taxation is done? and which form is applicable for ITR?

one of my frnd running a business his total T/O in FY 2013-14 is above 1crore and he got audited and filed a I.TAX return. in that year his tds was 95000/- and he claimed a refund for 4000/-and 4000/- refunded to him. but now he found some mistakes in his P/L account.. he is saying that his profit was shown very high now he want to reduce his profit and claim more amount from his tds... can he do this.. if yes than how?

Dear Experts,

What is the formula for arriving basic rate of DDT 17.647%? When the Act says DDT is (15% basic rate+ 12%surcharge+3%cess). Also effective rate is 20.358%. How the grossing up is also done?

Iam confused!!! I would be grateful if some body can clarify this.

Regards,
Arjun Rajagopal

A assessee is under basic exemption limit , so didn't file the return ,he didn't submit the form 15G(forgets)to bank ,can assessee claim the refund of tds deducted by bank.

Dear sir, I served my 1st 6 months of articles in a firm. Later on i took termination and joined in another for the balance 2.5 years of my aticleship . By Feb 2016 I completed my aticleship tenure of 3 years. My query is " What period of articleship working days and leaves should be considered in form 108 ? For the balance 2.5 years served in new firm or entire 3 years by aggregating articleship working days and leaves in both old and new firms?

REFUND CHEQUE RECEIVED IN THE NAME OF THE DISEASED PERSON AND NOT HAVING BANK ACCOUNT IN THE NAME OF HIM. I have mentioned my bank account(legal hair) for crediting refund amount. but they have sent cheque in the name of diseased. Kindly suggest further what to do now???

Mr. x filed his rerun for the financial year 2006-2007. After that he did not file his return of income upto this year. Now he decides to file his above pending returns. cam he file the pending returns? Please note that his last return was by e-filing online

Dear Sir,

Is it necessary to claim additional depreciation specified in income tax act under section 32(1)(iia) or is it the deprecation mandatory to claim or optional, kindly respond form this query. is there any case law for that please mention that case law.

thanking advance you sir,