Mr. A is salaried employee. He gets medical reimbursement Rs. 15,000 which is exempt u/s 10 up to Rs. 15000.

Moreover, Mr. A has paid Rs. 12,000 for mediclaim policy.

Now, is it not double deduction?? i.e. he is getting medical reimbursement up to Rs. 15,000 which is exempt and also deduction of Rs. 15,000

Sir/Madam, Will proprietary concern be required to make a TDS toward the payment Rs.60k to an individual or proprietary concern agsinst sec 194c,194J, 194H etc., since it falls below 44AB Audit? Pls revert to me ur precious reply at the

What is the section 49(1) of the income tax act 19611

Please clarify the srl no. which is applicable for "Shopping Bags made of Jute"
under HS 420.222.30 srl no. 420.205
Here at Kolkata sea port customs they allow drawback under various srl nos. viz 420.205;
420.209;420.212 ,why and how whereas at Kolkata Airport and other Indian Ports they allow always at 420.205.
Please advise how can one srt out this problem,In principle which srl no. for this Item should be cosidred for drwaback uniformly.
Thanks
Khaitan
9830032754

The turnover is less than 1Cr, but the clients wants to hv tax audit, now my ques is what is the procedure to follow for the tax audit of this prop firm. Is that also required to prepare the auditor's appointment letter & is it also neccessary to send intimation of that to the auditor as we used to do in case of companies.

how to fill itr 6

SIR, I WANT TO KONW ABOUT IPCC EXAM (SUBJECT) EXEMPTION CREITERIA, IF WE APPEAR 1ST GROUP, BUT PRESENT ONLY ACCOUNT & TAX PAPERS. AND THEN IF WE GOT 60 OR MORE MARKS IN ACCOUNTS SO IT WILL BE VALID OR NOT. SO, PLEASE LET ME KNOW.
THANKS,
VIKAS KSHATRIYA

whether bill of exchange can be made payable to specific order on demand

extra deduction of rs 5000 to senior citizen. . whether it is calculated for each individual or combined...

Hello Everyone!

Firstly, I'd like to thank all the experts here. This website is indeed a great ocean of knowledge and information.

Can one of the experts answer this query regarding HS code please ?

I'm importing micro SD cards from China and was going through the forum on more information. Almost all my questions are answered except for the HS code.

An earlier link posted by Mr. Verma takes me to cybex.in website which gives two HS codes when searched with product description "Memory Card" - 85235220 & 85421020.

Each of these codes vary in Custom duties describing Memory cards.

An image for my product can be seen here - http://commons.wikimedia.org/wiki/File:MicroSD_card_2GB_focus-stacked.jpg

Can someone please help me understand the difference between these two codes and identify which one applies to me?

Thanks,
AS