Dear Sir,

Suppose a Person who travels Frequently in to another city For Example Bangalore and he is Hiring a Car from the Local Tours and Travels in that City for Visting and Entertaining the Customers.
IF the total amount of bills for the year goes above Rs 50000/- of the Tours and Travels for Car Hire Charges Since we dont have any contract between Tours and Travel Co and ouselfs Than also Can I deduct TDS on Car Hire Charges U/S 194C Or Should not

Please Suggest

Regards

Ravi Konda

can a company purchase foreign currency by using through (Earnings in Exchange Foreign Currency) EFC account instead of paying it by INR

What are the accounting entires for Employee Benefits like, Gratuity, PL, etc. under the new AS-15?

Can we ask for a refund of match ticket bought under corporate booking( 125 tickets @ 500/-) piad via DD?

The match was washed our dueto rain and no single ball have been played.

IF any person going to abroad for client site project the amount which we pay to him as Food and daily allowance is Taxable however the all expenditure which we incurred on him is charge to the client.

Reg
Mint

Can we invest in LIC/eligible MF/FD/NSC for Rs. 1 lacs for deduction u/s 80C by taking a loan?

Is interst payable on this loan is allowable expenses against interst income or salary income (If no business income)

If a US based company provides a service via internet to people in India, will it attract service tax?
Should the company have a service tax registration as a foreign entity?


Thanks
Praveen

One of the employee took a loan from bank for acquisition of home and he will get possession after 2 years. But his EMI already started.
Can he allow for deduction of interest under home loan for Rs. 150000/- and U/s 80C for installment paid in current year?

Can Assessing Officer issue a notice u/s 142(1)(ii), after the end of one year from the end of relevant assessment year (i.e. once the return is time barred), requiring the Assessee to file the return of income?

Please give reference to any specific section or case law if possible

Here is the Case.

An agricultural land is purchased in the year 1961 for Rs. 3000/-. Later it is registered for Rs. 2 Lacs in the year 1981. In 2007 it is sold for Rs. 55 Lacs. In 2008 the same land is registerd for Rs. 1 Crore.
For the above case which Amount should be considered for calculation of Capital gains? whether Rs. 55 Lacs is to be considered or Rs. 1 Crore? Please let me know...

Thank you.