I M GIVING MY IPCC EXAMS BT DUE 2 ILLNESS I CANNOT GIVE 1 PAPER OF GROUP 1. WILL I GET EXEMPTION FOR THE REST 3 PAPERS IF I SECURE 60 MARKS IN EACH OF THEM???

A company is acting as an agent for oversseas universities/colleges and arranging educational seats in overseas universities to students here. For each student sent overseas, some amount is paid by the university. Should that income be treated as commission or professional inome.

In case a printing company is placed an order for say 45000/- viz. printing of leaflets, broachres, visiting cards for 35000/- and 10000 for stationery items, on credit basis, while making payment should we deduct TDS on 45000/- and at what percentage and for what items. For general offic purchases worth about less than 2500/- are we to deduct TDS, if so, at what rates

Can any HUF or Karta of that HUF receive cash gift on behalf of that HUF from any one or relative ? If so, what is the maximum limit without any tax implication ?

pls help

is it possible to rectify the mistake which have been made in last year's sales tax/Vat return?In my case the the actual sales was less than which was filled.

The private limited company was incorporated with Rs.1 Lac.

Subsequently, the company has allotted shares to one of the two directors say Rs.5 Lac.

Now, the total paid up capital is Rs.6 Lacs.

I noticed in the company's first annual report - balance sheet abstract page - it is mentioned only Rs.5 Lacs as PRIVATE PLACEMENT.

Is it right or it should be Rs.6 Lacs ?

Expect the comments of the Experts'.

To claim exemption u/s 10(38), LTCG should be subjected to STT and transfer should be made in recognised Stock Exchange. what are the documentary proof should be available in order to claim the above. How to prove that the transfer took place in Rec. Stock exchange and STT is paid.

sir

a person carrying a beauty parlour. his/her income a professional income or business income and specified the code no. as per the income tax

ABC Private Limited is doing consultancy services.

As per P & L, the company has following income :

Consultancy Fees : 100000
Reimbursement of conveyance expenses : 25000

Interest from bank deposits : 15000

Is it appropriate, if I mention in the field Turnover as '125000' under the heading - III. Turnover details of three principal products or services of the company (as per monetary terms) ?

Experts may confirm, if possible.

II. Financial parameters - Profit and loss account items (Amount in rupees)

Field 3. *Income in foreign currency

Whether this field is meant for the 'INFLOW OF FOREIGN REMITTANCE' or 'INCOME IN FOREIGN CURRENCY'.

In my case,

I have uploaded the Form 23ACA wherein I have mentioned as '0' in the field 3 as above. (even though, the company has received foreign remittance say Rs.55 Lacs, which is towards the subscription of shares and not towards income).


Experts' may confirm whether my understanding is in order for mentioning '0' in the field 3, keeping in view the fact of foreign remittance received.