regarding income tax
This query is : Resolved
25 August 2009
whether leave travel concession is taxable under F.B.T ? IF YES PLEASE GIVW ME EXPLANATION . I ALSO WANT T OASK THE QUESTION THAT - CABLE WIRE OF RS -57698 PURCHASE , IF IT IS CAPITALISED WHETHER TDS SHOULD BE DEDUCTED OR NOT
26 August 2009
1. LTC is not liable to FBT as it is exempt u/s 10.
2 .it will be capitalized & no tds as deductible as sale of goods does not liable for tds.
2 .it will be capitalized & no tds as deductible as sale of goods does not liable for tds.
MANAS ROUT
(Expert)
26 August 2009
LTC is not liable to FBT .
cable wire purchased should be capitalized which depend upon the fact and situation & no tds as deductible as sale of goods are not liable for tds.
cable wire purchased should be capitalized which depend upon the fact and situation & no tds as deductible as sale of goods are not liable for tds.
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