my friend is a employee in honda ltd.
& he also working as agent in RCM (receiving commission on selling of co.products)
the company paid 17000/- as commission & deduct 1700 as TDS on there.
he make expenses on travelling, phone bill, seminar fee etc. for making customers.
can i show rs 17000/- as business income of him & deduct expenses incurred by him.
or i show it in other source income

please help me regarding this

In every Financial Year, a company contributes to a trust registered under the Indian Trust Act towards corpus of the Trust and to Schools belonging to a Section 25 Company . While the contribution to the Corpus of the Trust is contributed in adhoc amount, the donation to the School is made on per student per month basis.

In view of the recent clarification given by the Ministry of Corporate Affairs vide General Circular No. 21/2014 dated 18th June, 2014 regarding CSR, whether contribution made by the Company to the Trust and Schools shall be covered under the provisions of Section 135 of the Companies Act, 2013.

Dear Tax Experts,

I have 2 queries regarding from 16A from TRACES and Form 26AS

Query 1.
My Gross Salary is 35K PM. i have home loan and Insurance, hence i have made declaration and no TDS has been deducted by my Employer.

They have provided me Manual Form 16 (A+B)

When i have asked them to provide form 16A from TRACES with unique certificate no and national logo on it. they have denied told that since we have not deducted any TDS hence will not be able to provide you FORM 16A from TRACES. and will be able to provide you only when we deduct TDS.

Please let me know if my employer is correct, since as per CBDT its mandatory for all deductor to provide form 16A from TRACES and part B as manual and then combine both and put digital signature.

2. Form 26AS

I have checked my 26AS for A.Y 2014-2015 (F.Y 2013-2014) there is no data reflecting in it. i have asked them for clarification, they have told that data will reflect in FORM 26AS if we have deducted any TDS from your salary, since we have not deducted any TDS no data will be reflected in FORM26AS.


Please guide me with both queries and let me know whether my employer is correct or misguiding me.

Please say Whether depreciation on trust assets can be claimed also whether that depreciation loss can be carried forward or not?

Sir my name is suresh I cleared cpt in june so I want to join IPCC in jk shah classes is it better for coaching and the how all teachers teach the subjects so plz help me....

I am sumit.an Indian NRI.works at merchant navy.In Sri Lanka shipping worker has no pay tax ...so if I take citizenship of Sri Lanka and take Indian visa every time to stay in India ... then I don't have to pay tax in India even if I don't sail for 6 months ...and I can stay in India for as much as I can its possible please suggest me quickly. thanks

Hi frnds...
I m a CA Final Student...giving my attempt in May 2015
Due to many reasons like articleship, availability of coaching classes etc., i m unable to take my FR coaching till February 2015.
Is it advisable to postpone it till then(considering the difficulty levels of the past exam papers and other reasons).... if not can anyone pls suggest me what has to be done.... I m really unable to decide what to do....plz help me n reply asap.

hi, can anyone tell me about the room service vat in 3 star hotel?

Respected Experts,

I am 34 years of age & I have completed ICMA (Inter) this year. You are requested to suggest me whether it will still be beneficial for my career if I clear the ICMA within 2 years, I will appear for the CMA finals in 2015.

Regards,

Harish Chander Joshi

An individual is non employee.If a person is getting earning from the source of Share marketing on daily basis. Or he is trading from the same he is getting outcome in the course of income, is it will be taxable or not. B