We are procuring goods from 100% EOU, our Finished Product (electronic and electrical components) are fully exported.
We want to claim to duty drawback for the duty charged by the EOU unit, please advise we can claim duty draw back on the Basic Duty charged by the 100% EOU or we can only claim on the CVD + CEss
can the post office recurring deposit for 5years be taken as deduction u/s80c??
Can an employee claim HRA exemption where his family resides though his job location is in another city?
for example, Mr. X is an employee in ABC Ltd., Jhansi and he lives in company premises or in a rented house. However, his family lives in Indore. Can he claim rent paid by him for indore?
Is Goodwill on Consolidation of Foreign Subsidiary (AS 21 Goodwill) changes from period to period without Acquisition?
i mean due to Currency Fluctuation.
Will the deduction of 80EE available in the following case:
Two home loans are availed:
Rs 24 lakh for aquisition
Rs 3 lak for renovation
Both the loans are santioned between April 2013 to March 2014
Also value is less than 40 lakh.
Dear Sir,
last year my income tax return is filled manually by the my representative. They had generated my online id and password. so that we can check the TDS in 26AS.
But in this year i want to file online return by myself. But i have no password.
I have mailed on validate@incometaxindia.gov.in for reissuance password with pan details. But they says "The new e-filing login password would be shared only to the registered email id". so tell me sir, how can i register my email id to get password ..... if any other remedy is available for me, please guide me.....
IF TOTAL T.O OF THE PARTY IS BELOW TAX AUDIT LIMIT BUT DUE TO CAPITAL GAIN...SUCH CAPITAL GAIN AMOUNT EXCEED THE TAX AUDIT LIMIT...SO WHETHER CONCERN IS LIABLE TO TAX AUDIT?
e.g.:- FOR A.Y.2014-15
TOTAL T.O. :-64LACS
CAPITAL GAIN :- 1.2CRORES
WHETHER LIABLE TO TAX AUDIT OR NOT?
An investor trading in commodities derivatives on MCX. No delivery is taken. how the turnover for the purpose of limit of Rs. 1 crore for tax audit will be calculated.
Dear sir,
we are received 'commission received' statement from Amway. In this statement shown as two types of commission (Personal & Differential). The company says Service Tax applicable only on Differential commission. Not applicable on Personal Commission. Please clarify in this issue.
Thanking You
BALASUBRAMANYAM
TIRUPATI
MOBILE NO : 919703003029
If banking Organization or any organisation paid income tax they gives that effect in Income & Expenditure Account But the payment of income tax is disallowed under Income Tax Act.Why this should not be a allowable Expenditure?
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Duty drawback