Dear Sir,
We booked Provision for Tax in P&L a/c. Rs.9.50 lacs.

As per computation of Income Rs. 9.33 lacs payable.

We filed the return, now IT dept. asking the explanation, why prov. of tax shown high.

Kindly advice, only Rs.17 thousand shown high, how can we give reply for this. any account/ finance related answer for this.

Please reply with your answer.
Aarti

If i made payments to 2nd party more than 20000 by depositing cash in his bank Account.....Then is it allowed as For deduction

Our Company is an IT enabled BPO. We provide data entry services and alos software related services.

Whether the TDS on the data entry job undertaken will be @ 2% u/s 194C or @ 10% u/s 194J.
Also we provide manpower to other companies for software services , what will be the TDS rate applicable on such services.

Dear Sir,
The main object of our trust to make the people aware of the love and care of god through television . We have 12A registration also. Because of insufficiency of funds we are not able to start a channel for this purpose. So we would like to invest in shares of a channel which is a private limited company (Rs. 800000) to broadcast our programs at a reduce rate. In our trust deed there is no mention about such investment. This is actually our application of income for fulfilling our objectives & not for earning income on investment . But as per section 13(1)(d) investment in shares other than shares in public limited company and other than as per 11(5) is held by the trust , section 11 & 12 does not applicable. we would like to show this amount in balance sheet as investment and show this amount as application of income in computation and claim exemption u/s 11 .Is there any problem in that? Whether that amount of 800000/- become taxable or not ? whether it affects our 12a registration ? please advice me . its very urgent. If any caselaws or circulars favoring such a situation please quote that also
favoring such a situation please quote that also

Good Afternoon.
I have a querry regarding taxability of meal coups issued by employer to employees.
This coupens are valid at some specified outlets or suppliers like Dominos, Demart, More mmega store from where employees can by goods in excnage of coupens issued by employer i.e a big manufacturing company promoted by Goovermnet.
how it will be charged under income tax act?
Is it chargeable in the hands of employeee? if No then whether its charged in hands of employer?
what is its accounting and tax rate or exemption limit?
each coupen is valued at 3000rs per month to each employee.

Dear All Friends...

I have receive a Draft from Income Tax Department for my previous year Income Tax Refund.

But on the draft the account number wrongly printed. So give me the information for what will be i do for my refund.

Tell me the procedure.

Thanks & Regards
Subodh

Dear Experts,
Is ICWA qualifcation is eligible for Phd ?? which universities accept ICWA for phd ???

I have open a new Life Insurnace policy on Dec 2012 in my son name Sum assured is Rs.500000/- & premium is 100000/- whether I will get the whole amount of premium Rs.1 Lac exepmted or restricted to 10% i.e 50000/- will get the exemption. Pls guide.

can a member of icsi attest the online exam forms for ipcc?? plss reply soon..
thanks in advance..

The Company Purchase Shares on F Y 2008-09 Slaes on F Y 2012-13 but STT is not suffered how to calculate Long term Capital Gain (If Indexation is Applicable OR Not ) & Tax Rate Please Suggest me



Thanking You