please tell someone whether travel exps. reimbursed to staff more than 10000/- say 25000/- who gives his tour bills, fooding & lodging etc for 7 to 8 days, whether we may make full payment of 25000/- to him or there is restriction in such payment u/s 40A(3)??
from now on there is a limit of 10000 rs which can maximum be accepted as one time cash payment in a day from any of my sundry debtors.is there any limit on the total payment that can be accepted as cash in a year.
suppose he has bills worth rs. 10 lacs in a year. can he deposit 10000 every day as cash. or is there a limit to cash deposit in a year for a particular account
Respected Sir,
Good morning i have some query related tds given below-
1) We have paid to party 23rd December 2016 u/s 194c and deducted tds in month of march and deposited on 23 rd April 2017. We have applied tan in month of feb -17.My doubt is.
I) Is applicabl tds on delayed payment?.
II) Is liable for intrest on late payment of TDS?
III) Is liable for penalty on late filing of E-Tds return?
Please Sir guide me.
Can any body will guide me how to take transfer of articleship in 3rd yr. The reason for the said incident is my father is driver in Asansol n I'm pursuing my articleship from kolkata but due to lower earning income of my father, the cost of living in kolkata is unaffordable for me so i want to shift from here. Please guide me only on this matter. I need help 😢
When wife and husband having salary and other sources income above six lakhs per annum ,then exemption limit jointly Rs2.5 Lakhs or Rs 5lakks, The tax calculation will be as separate individuals or combined, please clarify.
IF ANY PERSON TRANSFER OWN FUNDS 20000 USD AS GIFT TO OWN BROTHER / SISTER NRI INDIAN ORIGIN DOCUMENTS REQUIRED WHILE TRANSFERRING MONEY AND TAX IMPLICATION
Read more at: https://www.caclubindia.com/experts/franchise-amt-paid-to-nri-indian-origin-2470684.asp
I completed 2 years of my articleship training.now i would like to go for industrial training. Is there any restriction or condition to do so? Is it necessary to do industrial training under a practicing chartered accoutant? Is there any salary/stipend limit for industrial training?
Dear sir, I started working for a private company in Mumbai from 15th October 2016. I am getting my remuneration of ₹. 55000 in cash from said period. The same I am depositing in my bank account regularly. Prior to the current company I was working for another private company for the period 1st April to 17th august 2016. My remuneration was ₹. I 65000. In this company I was getting remuneration in Vijaya bank salary account opened by that company. I was getting my salary with TDS deducted. I am filing tax returns from past 3years. Now I want to purchase a home, and for which I have to give last six months bank statement. But in my bank statement the remuneration I get is displayed as cash deposited. Will I get a loan as per normal procedure in this situation?
Bonus shares given to Equity Shareholders are not treated as dividend under The Income Tax Act 1961. Why?
Section 40a(3)