My friend tells me that PAN no should be compulsorily qouted if we remit above Rs. 49,999/- in cash to our SB Accounts . Is it so?

If yes, Can u tell me the source of such rule( i mean whether it is compulsory as per ITR Rule or RBI Guidelines or Circulars)

Dear Sir
1)While I am placing a candidate, I have to incur Hotel Stay Expenses for conducting interview, I have to pay to the candidate reimbursement of his travel expenses i.e train or air fare etc. These are all the expenses will be incurred for and on behalf of the Client. The Client will repay the amount after producing the necessary bills to the client. Apart from that I will raise a proper service tax bill for the services rendered i.e placement cost to the client. That also the Client will pay. Since I am doing placement for higher position, it is become inevitable to do the same of entertaining these types of reimbursement of expenses, which normally the client has to undertake, on a good understanding between me and the client. The Client will ask us to do the same and reimburse it to me after production of bills.
Now my question is whether i have to pay the service tax for these reimbursement of expenses recd also? since i am a pure agent that's why i am asking this question. In this reimbursement of expenses I am not going to get anything. I am doing a post man work only.
I am fully paying service tax for my placement bill. And my bill to the client will not contain the reimbursement of expenses. The Reimbursement of Expenses will be submitted to the client, in the form of statement only, attaching with the necessary bills.
2)Some times I may be asked by my trade friend to share some of the expenses example sharing of data, for which the service provider will raise a service tax bill to me. I will share that bill to my trade bill, for which he will pay. Actually on this point we are the ultimate consumers on utilising the services of the service provider. Shall I have to pay the service tax for the amount given by my friend for sharing? since I am treating this also reimbursment of expenses?
3)Amount paid by the foreign client in foreign currency for reimbursment of expenses for placing a candidate to the foreign company. Is that Reimbursment of Expenses also is also Service Taxable?
kindly clarify

An individual is running a firm, he needs cash,to deposit in bank againt loan,he took 84000 cash from sarof(financer) and gave him post dated a/c payee cheque of firm name. how to display this entry in firm books?

Can anybody solve me out?

What will be the Tax treatment of the following:-
i) I recd. gift of Rs. 50,000 from a frnd. and I gifted the same to his wife.
ii) I gifted an amount of Rs.60,000 to my frnd and he gifted the same to my wife.

IF AN ASSESSEE HAVE DEDUCTED TAX AT SOURCE FOR THE F.Y. 2008-2009 THEN WHICH IS THE LAST DATE FOR DEPOSITING TDS TO GET THE DEDUCTION OF THE EXPENSES ON WHICH TDS IS DEDUCTED??

KINDLY REPLY.....

Pls sirs,
what kind of Accounting Methods we have to followed in Grain Provision Store ?
Are they have to Maintain Stock every Month or Yearly ? bcs they have many items in their Shop.
How we can do this Accounting Systemetic ?
Which Entries we have to do correctly in this type of Accounting ?

Thanks in Advnace

If company is paying testing fees outside India whether tds u/s 195 is applicable or not please explain.

Dear sir,


I am working as internal auditor for IBMT a management college. I also work as a faculty in the same instititution.

My fees as internal auditor is Rs. 4000PM
My faculty fees Rs. 8000PM
Put together it is Rs. 12000 PM

Whether TDS is applicable u/s 194J?
What is the Tax planning to save from paying the TDS u/s 194J?

with regards,

R. Gurucharan.

Whether amount is taxable u/s 56 ( 2 ) ( viii )of Income Tax Act if Son/Daughter receives any amount of cash which is exceeding Rs 50,000 /- from his Father /Mother ? If yes then what is the rate of Income Tax ?

What will be the legitimate way to reduce tax liability in such a case?


I would be greatful to you if you give answer for the same..

We are providing a service of Site preparation and formation to a unit. We are charging rate at per MT basis say Rs. 50/- per tonne. Additionally the unit is supplying us HSD free of cost at actual consumption rate of the equipments used at unit site.

My query is:
We should charge service tax on basis rate i.e. Rs. 50/- per tonne only OR

We should also charge service tax on HSD price supplied to us at free of cost.

The unit is of the opinion that HSD is reimbursement on actual basis and it's a material and doesn't cover in service, so we should not charge service tax on HSD.

Kindly provide your valuable suggestions with relevent notification / circulars.