sarathy (executive accounts) 14 July 2015
Sir, we are contruction new building for employees, we give to contract the building for labour charges only, material supplied by the company.which taxes are liablity payable to company please guide
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dalton (asst. manager accounts) 01 October 2015
Please provide me a formula as per attached file by using "IF" formula...
vijay meena 03 March 2016
mere father ne lic of india se housing loan liye tha rs. 2500000 ka. lekin ab mere father ki death ho chuki hai, ab lic house loan ki installment meri mother pension se direct unke housing loan account me cash deposit karwati hai. Toh kya meri mother jo pension se housing loan ki installment paid kar rahi hai toh kya income tax me meri mother ko 80 C me principle and U/S 24 me loan Interest ki chut mil sakti hai kya. jab wo apni itr fille karegi toh.
please is matter me mujhe clearly direction de.
Sameer Chaudhary (Accountant) 11 October 2016
Hi, to all experts.
I am bit confused regarding outstanding expenses allocation in Schedule III balance sheet and P&L A/c.
Earlier we used to give two effects for outstanding expenses, in PL and balance sheet also.
Now my question is under which head we put O/S expenses in balance sheet and P/L.
CHETAN JANGID 09 December 2016
Sir my name is chetan. I left India for EMPLOYMENT. And do job out of India. I have stay in India only 50 days during previous year 2015-16.i have NRE bank account in SBI. And i have bank account in India and do RTGS and NEFT of rs.500000 in Indian bank PNB from out of India. I want suggestion on following points.
chethan.B.N (article assistant) 06 January 2017
As you stay only 50 days in India during previous year, you become Non Resident of India.
1. when you become NRI your income which is earned outside of India is not taxable in India.
2. You don't need to file IT return unless your income from India exceeds basic exemption limit(2,50,000 presently).
As you already have NRE bank account, TDS on Interest doesn't attract.
hence you can transfer your money through this account.