Hi

Our company paid 2000 towards books and periodicals for a year subscription and we have posted that amount under books and periodicals.

this amount spent by the company and not reimburshment to an employee

please guide me whether FBT applicable

santosh

Hi friends,
Im undergoing articleship training under my principal.My training will be completed on Aug'09 as per original deed. I have taken excess leave of 3 months during my training. Now i want to continue my remaining artcilsehip period with another principal. pls inform me the procedure to be adopted. any fresh deed to be executed for the excess leave taken.

Dear Sir,

Interest paid to partners by the partnership firm on

1)Whether TDS is applicable on Interest paid to partners by the partnership firm on the partners capital

2)Whether TDS is applicable on Interest paid to Partners by the partnership firm on the Unsecured Loan given by the partners

Please Clarify

Regards

Ravi Konda

Respected Sir,

I am currently getting my remuneration in the form of professional fees. My gross total income during the year is not taxable.
But i am getting the remuneration after deducting the TDS (@10.24%)

I Know that i can file the Income Tax Return seeking the refund of the TDS deducted.

But my query is that "is there any form / declaration available under the Income Tax or relevant Act where-by i can seek No TDS deduction or deduction at a Lesser rate.

Please reply
Regards
deepak

Dear Sir,

Our marketing people travel to various states for marketing of our product where they locally hire car while they are on tour
We receive the separate bill for this car hire charges from the vendor

I want to know what is the FBT rate applicable on this expenditure

Regards

Ravi Konda

Is Set-Off fully allowed on purchases from unregistered dealers??

Dear Sir,


My query is regarding tax planning for salaried class individuals.

Is it possible that a salaried person with a salary of Rs 4.5 lakh per ann. can reduce his tax liability to zero amount with tax planning tools.

If no, then upto what level of salaried income , he can reduce his tax liability to zero (0)


If possible please help with sectionwise planning tools.

dear sir,
we are manufacturers and some times avail services from non-registered service providers. they raise debit notes without service tax component.what should we do.

do we need to pay service tax ? can we avail cenvat credit on such transactions ??

Respected Sir,

Suppose if I had Deducted and paid excess Tds u/s 194C then

A. Can I adjust it against future payments to same party (deductee),

B. Can I adjust the same against payments to other parties (where Tds is Deductible u/s 194C only)

C. Can I adjust the same against payments to other parties (where Tds is Deductible under any other section other than 194C)

D. If yes, then can I do the same in respect of excess computation and payment of interest on late payment of TDS

Are provisions of section 80AC of the Income Tax Act, 1961 mandatory in its application. Is so can the department waive of the disallowance of said deduction (in case the return if filed after the due date of filing return u/s 139(1) of the Income Tax Act, 1961 ? if answer to the above said question is in affirmative then what basis can be taken for availing waiver of such disallowance.

(CAN THE NEGLIGENCE OF THE CHARTERED ACCOUNTANT BE PLEADED AS A MODE OF WAIVING OF THE SAID DISALLOWANCE). PLEASE QUOTE ANY CITATIONS (OF ANY JURISDICTIONAL HIGH COURT IN INDIA PREFERBLY OF SUPREME COURT) - URGENT REPLY NEEDED. .