My client is importing CCTV CAMERAS along with its SOFTWARE from hong kong by supplier company ADEMCO Asia pacific ltd (which do not have any direct PE in India). Is he required to deduct tds u/s 195 of income tax.? If yes, please mention rate.

I WANT TO KNOW SUPPOSE A PERSON HAS BEEN DIED IN THIS CASE THE PROPERTY OF THIS PERSON HAS BEEN TRANSFER TO INHERITOR NOW HERE MY QUESTION IS CAME IN THIS CONDITION THE TAX LAIBILITY OF INHERITOR SHOULD CONSIDER THAT PROPERTY WHICH IS TRANSFER FROM THAT PERSON. PLEASE TELL ME THE UNDER WHICH SECTION IT COMES.PLEASE EXPLAIN ME IN DETAIL.

THANK YOU

Can we claim and carry forward of Loss if return filled against notice received u/s 142(1) of Income Tax Act, 1961 ?
Plz reply asap

If a proprietor of a self-proprietory concern invests in a partnership firm, is the capital so invested treated as an investment in his proprietory balance sheet?

Dear All,
Please note that we have hired one foreigner as internship in our company.And we have decided we will pay Rs.20000/- per month. And she will stay with us one year.But my problem i don't like to deduct TDS. I Like to Pay her Rs. 16500/- as stipend and rest amount i want to adjust with any other ledger as conveyance or house rent reimbursement.

Note i have declare stipend would be Rs. 20000/-Pm to FRRO.

This head will be consider as stipend. Please help.

Regards,

after filling up itr5 when i try to generate xml it shows follow proper sequence calculate set off ,then calculate cg lottery in schedlue SI and then calculate tax and verify figures before generating xml.
can anyone help me out to sort this problem

respected sir,
one of my client scored 2 crores turnover during fy 2012-13. unfortunately he sustained loss and become bankrupty.honourble court declared him as insolvent.now receiver oppointed by court is in charge of his assets&liabilities.
now he got notice from incometax department for not filing return under sec 44ab for ay 2013-14 proposing him to levy penalty amounting to rs 1 lak.
i requet you for suggestions.thanking you

Dear all If two rural agricultural land purchase and sale within 2 year than profit on sale is taxable or not ........???? plz tell me section with explanation. ...

what type of income i have to show for the very first time when i am filling ITR I need net income of rs 1,56,000...

Sir,

At the time of appointment my basic salary was Rs 4,200/- whereas now on salary restructuring my basic was reduced to Rs 4000/- So Rs 200/- deducted. Due to which my PF contribution also reduced from Rs 504/- to Rs 480/-.
Anyone can suggest me that whether this procedure is legal and justified ?