What is the tax treatment when one partner givesome amount to another partner to buy his share in profit.For example . A and B was partner with equal ratio with capital investment of 100m each.A buy B 40% stake by giving him 150m.Mean B invest 80m for 40% stake(100m for 50% share) now he got 150M .B got 70m extra. so what is the tax treatment for that

This is to seek clarification regarding TDS towards communicity activist fellowship. In NGOs activist who are working with the communcity gets fellowhips. Over Rs 20000 in a financial year NGOs are deducting TDS. Poor person unable to get back refund. Please suggest

A branch office of any company is also required pan number or pan number allotted to company is sufficient for any reference

Hey Friends!! CAN ANYONE TELL ME ABOUT THE BONUS ISSUE MADE BY RELIANCE RECENTLY...MY QUESTION IS THE BONUS ISSUE WERE MADE OUT OF SECURITIES PREMIUM OF COMPANY OR WERE ISSUED FROM PROMOTERS QUOTA?
IF ANYONE CAN ANSWER...THANKS IN ADVANCE

Directors remuneration falling under TDS

Plz give me TDS calculator??

Very recently we moved to our New office. All furnitures and fixtures and interiors were new installments and we got into a leaseing arrangement to get these assets funded. Can the above be treated as Operating lease....

Hi Experts,
I have stuck up on one very crucial issue. Please help me out...
Please let me know, if a company makes payments for hotel accomodation for its employees / directors / executives etc. which exceed Rs.120000 p.a. whether the payment would be treated as rent withing the purview of provisions of sec. 194I or not. If yes, then TDS should be done or not??
Circular No. 715, dated August 8, 1995 clarifies that if the stay is on regular basis then TDS has to be deducted u/s.194I, but there is no clarification as to what constitutes "Stay on Regular Basis". Please suggest what should be understood by Stay on Regular Basis.

Thanks in advance

the company has constructed one building
consisting of 4 floors .total flats =6*4
comes to 24 flats.
first downpayment is RS.1,00,000.
within 30 days of allotment one has to pay 25%
2ND INSTALLMENT is 15% due on at the completion of basement roof
3rd INSTALLMENT is 10% due on at the completion of roof slab
4th INSTALLMENT is 20% due on completion of brick work
5th INSTALLMENT is 15% due on at the completion of plastering
is service tax leviable on the sale of 24 flats?
if yes what is the procedure?
6th INSTALLMENT is 10% due on at the completion of flooring

CAN ANY BODY SUGGEST ME A BOOK ON CMA DATA PREPARATION FOR AVAILING LOAN FACILITIES FROM ANY BANK