sir. how tax on non monetary perks are paid by employer are exempt in hands of employes u/s 10(10cc)nd not deducted from gross total income of employee as we deduct tds..or advance tax.. ?? e.g. rfa is taxable nd tax paid on rfa shld deduct frm gti...??
father has given cash gift of Rs. 200000 to his major son for his personal expenses what is the tax implication on both father and son?
A Ltd paid Rs. 2 lacs as loan to B Ltd. But it was treated as deemed dividend and Dividend Distribution Tax was paid on it.
After 3 months B ltd returned the amount to A Ltd.
After 6 months A Ltd decided to declare Dividend. So here can A Ltd claim rebate of DDT paid on Rs. 2 lacs earlier. As he is using the same money to Pay dividend.
Kindly let me know and also if there is any case law and time- line to do so.
THERE IS RECENT AMENDMENT FOR NOT TO DEDUCT TDS ON SERVICE TAX AMOUNT REGARDING THIS I WANT FOLLOWING EXPLAINATION
1) NOW DUE TO THIS AMENDMENT WE SHOULD NOT DEDUCT TDS ON SERVICE TAX AMT. UNDER ANY TDS SECTION (INCASE I HAVE BILL FOR ADVERTISEMENT BILL OF ONE COMAPNY FOR RS 1000 BASIC VALUE AND RS 126 ADDITIONALLYMENTEIOND AS SERVICE TAX ) IN THIS CASE WHAT WILL BE TDS AMT.
2) FROM WHICH DATE THIS AMENDMENT WILL BE APPLICABLE
3) IS IT NECESSARY TO SHOW DIFFERENT AMT. OF BASIC SERVICE AND SERVICE TAX AMT IN INVOICE
4)IN ABOVE CASE IN TDS RETURN WHICH AMT. SHOUD I SHOW RS 1000/- OR RS 1126/- FOR TDS DEDUCTION
SUPPOSE IF AM RUNNING A FIRM AND DEDUCTING MY EMPLOYEES TDS FORM THERE SALARIES.HOW DO I SHOW IT IN MY P/L A/C..THE FULL AMOUNT INCLUDING TDS OR THE AMOUNT LESS TDS IN MY PL A/C AND ALSO WHERE DO I SHOW THE THIS ADJUSTMENT IN BALANCE SHEET ?
who will sign in case of death of partner in deed? e g there are A B C D partners in the firm and A died and now who will sign in partnership reconstitutional deed on behalf of deceased partner or no need to take such sign..? thank for ur reply
I have obtained my audit report from CA within due date. My turnover was above Rs. 1crore but net income is below taxable limit for ay 2012-13. I could not file my return of income as it was below taxable limit. Is penalty u/s 271B levible in my case for non furnishing audit report?
I have obtained my audit report from CA. My turnover was above Rs. 1crore but net income is below taxable limit for ay 2012-13. I could not file my return of income as it was below taxable limit. Is penalty u/s 271B levible in my case for non furnishing audit report?
Customer have a liquor license & now he want to sale the license to other pls confirm what is the tax treatment on sale of liquor license
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Exempt income