one of the conditions of sec 10B is repartriation of sale proceeds to india in 6 months. but in case of a indian subsidiary(software developers) who transfers all the software developed to its foreign parent company who in turn sells it to outsiders, there wont be any repartriation of sale proceeds. in this case will sec 10B apply here.
the subsidiary company gets money from parent company towards expenditure
secondly is it correct to book income by applying transfer price methods

is the interest rcvd from NABARD and REC bonds excempt?

In a newly set up industry, there are two women employees and one man employee. Each of them are drawing a salary of Rs. 15000 p.m. The man assessee has requested to the co. not to deduct tax as he will invest the required amount under section 80C. I want to know whether the Tax from salary of the assessee is to be deducted and form 24Q to be filed.
Futher if the man assessee gets Rs. 12500 p.m. then form 24Q to be filed or not. Please answer.

I declared less rent paid amount to my employer,on that basis my employer recovered the TDS.Now while filing the Incoem tax return can i claim my the actual which i did not tell to my employer.
For that is there any proofs i need to submit to the Department

Anyone can tell if leave & licence agreement in tenant & owner then the monthly payment of the same attracts TDS on it? if attracts at what rate? please guide me.

Good Morning to all,

Any one can tell me if rent paid to shop owner by company or firm attracts deduction of TDS on rent? And if the owner gave 2 names for rent receipt purpose
i.e. if we monthly rent of Rs.15000/- then annual rent will be Rs.180000/- which exceeds Rs.120000/- it attracts TDS. But if i given payments in favour of 2 different names, i.e.Rs.7500/- (Rs.90000/- p.a.) to Mr. A & Rs.7500/-(Rs.90000/- p.a.)Mr.B, then it attracts TDS on Rent?

Should we have to deduct tds on service tax?

if any one has circular relating to this please send me this to my email ie prashantmasal@gmail.com

hi,

mr X purchases the machinery worth Rs. 1,50,000 but he pays Rs. 145000 only and the remaining difference is transfer to the Kasar & Vatav a/c..
my question (1) whether the asset can be showed with full value as it represents the fair market value? and dep. should be calculated on it?

(2) should be shown on actual amount paid as income tax says that dep. should be calculated on actual amount paid of asset..

please provide me with sufficient reply..

regards,
Tarin Shah

are capital gains exempt. What is the rate of tax on short term capital gains

hii
wen is section 115JB applicable to a company??????????