Dear Experts

we have purchase machinery to make one product. machine is not product specific , making of product depend upon the tool & die.

query is , whether the tool installed on machinery is capitalized with machine or capitalized separately.

Please elaborate..

whether refining of crude oil amounts to an activity of production of mineral oil in context of section 44bb of income tax act , 1961.if answer is affirmative please provide reasons.

Dear Sir,

Our company is into the process of PF registration as the number of employees has been increased to 20. So now my query is that as Basic Pay of all employees is more than Rs 6500/- Whether we are required to deduct PF on any one's salary...???
And whether employer is required to make any contribution for PF..??

can we employ a employee with zero salary??? or is it legal to give zero salary to employee?? if yes then pls give some base to the same..thanks in advance

Hello Experts

One of my Client who is Foreign National Needs DIN no. I Know the Procedure of attesting of Passport and other things.

But my question is how to deal with Annexure 1, Where it should be "affidavit to be notarized in non-judical stamp paper of Rs. 10" which should be attached with DIN 1

Plz plz its very urgent

Dear all,
1st time e filling was done by me u/s-139(1).
which was considered u/s-143(1) and against which a demand of Rs. 25000 wrongly received. then after making call to CPC they told there is some problem with there side and they tell me to rectified is soon. after it i received a mail u/s-154 in which demand of Rs. 11000 again wrongly received.

following are the details of my return:
TDS paid-Rs. 104000 as per 26AS but CPC has taken it 79000 1st time[u/s-143(1)] and Rs. 92000 u/s-154. but they have not considered the actual amount which is shown in 26AS.

kindly advice me to what to do in this case ASAP.

i have received pension income of rs. 160378/- and i am state govt. employee and also received 136759/- as interest income

my tds amount is Rs. 19412/- from interest

kindly calculate my tax liability for the f.y. 2012-2013 A.Y. 2013-2014

Dear Experts!!!

Greetings of the day!!!

one of employee received salary for the month of October 2013 only Rs. 7500/- (for 15 days) while his salary per month is Rs. 15000/-. What is Professional tax liability.

Whether the liability is to be proportionately reduced.

Thank & Regards

SIR/MADAM,

ELECTRICITY CHARGES PAID IN CASH ATTRACTED THE SECTION 40 A (3) OF THE INCOME TAX ACT. SINCE THE PAYMENT IS MADE TO GOVERNMENT.


PLEASE GIVE ME THE ANSWER.

If there is a litigation on the payment of rent between the tenent and the landlord due to which the whole amount is deposited with the High court as per its order.In this case the tenent didnot deducted the TDS u/s 40(a)(ia). I would like to know whether the amount of disputed rent paid to the account of high court would be disallowed u/s 40(a)(ia)???