WHETHER CANCELLATION AND REPAYMENT OF SALES ADVANCES FROM CUSTOMERS ATTRACT 269 T CONSEQUENTLY 269 SS FOR THE ACCEPTANCE OF THIS FUNDS (IE.CANCELLED ADVANCES)?
PLS CLARIFY

Sir,

I am a resident of India and have been paying taxes and filing my return for last 6 years.

Next week I am going abroad to USA on job in an American company. This is a contract employment for 8 months (>182 Days).

1. Will I need to pay any tax on salary I will get there?

2. What will be my tax residency status for FY(2013-2014), when I am back in January 2014. Resident, Resident but not Ordinary Resident?

Please help

Dear sir,
When and how agricultural income is taxable?I mean a person have some agricultural income and as well as income from profession,then how to calculate net tax.

condition-1
Suppose A person have income from profession of rs.400000,as well as he has a agricultural income of
rs.12000.Then how to calculate tax?

condition-2
Suppose A person have income from profession rs.400000,as well as he has a agricultural income rs.4000.Then how to calculate tax?

condition-3
Suppose A person have only agricultural income of rs.300000.Then how to calculate tax?

Dear Experts, Chit fund companies collecting commission or charges from chit members towards their services, if the member is under tax audit case, whether he is liable to deduct tds? If so under which section?

one of my client individual has purchased the industrial plot in 2007 for Rs. 6.00 lakh and plot was lying vacant and in the year 2012-13 he has sold the same plot for Rs. 12.00 lakh and out which he has invested in another Industrial plot Rs. 12.00 lakh, whether by investing in new industrial plot he will get any expemption under the long term gain tax the IT ACt 1961

LIC Premium paid in current year but belongs to due for previous whether it can be eligible for deduction in that previous year.

sir, i have made fixed deposit say 2 lakhs in the name of minor chiild two years back. The deposit matured. Now I want to renew the said deposit. But the bank has held up the renewal of said deposit and the bank is asking separate pan card for minor child. My query is why separate pan card of minor child is required for renewal of deposit. Under which section of I.T. ACT I have to submit separate pan card of minor since i am not taking the redemption of deposit from bank. I have already submitted my pan number and 15-G to the bank. kindly clarify whether the bank is correct. I think at the time of redemption of deposit the bank may ask separate pan of minor. but for renewal of deposit why separate pan is required and under which section.

Dear Experts,

We had done a contract of fire fighting instalation for our building for more than 1 Crore in 2011. and made running payments to contractor around 90 lacs upto 31/3/13. He issued invoice of Rs.56 Lac in March 12. Now he want to do balance invoice. My questions are:

1. Wheterh reverse charge will be applicable on old contracts i,e contracts prior to July 2012.

2.Whether we need to pay service tax on all balance payments under reverse charge.

3.Can the contractor issue separate invoices for material and services..

4. If yes in point 3 what about our service tax liability under reverse charge.

Thanks a lot in advance to all experts

Dear Experts,
Whether tds shall be made on the membership fee paid by hotel to a non resident (ex. participation fee to google Maps) towards a participation fee for using online search engine u/s 195. When the prospective customers search for a hotel, the hotel name comes first in the search page. Does this payment attract tds u/.s 195? Thanks in advance.

Dear Sir,

Pls tell me purchase of door closer of rs. 319/-, which account head will debit.

Ragards,

Rahul