Dear sir/Madam My Qus. is One Custom house agent pvt ltd. co. issuing mango to its customers and also having Original Invoice from mango vendor for amount the paid. CHA Co. treat it as Business Promotion. and Paying FBT on the same as applicable FBT rate.
1 Qus) Can this be a Business Promotion and allowable in Income tax as expenses.
Please answer the query as soon as possible
Thanks

Dear all,

please advice me on whether Food Plus Cards issued to employees are liable for exemption under Income Tax Act? if yes, then under which section??

Thanks & Regards

Davison Mathew

Is the date of payment og TDS on provision revised?
Has it became from 31st May to Before filing the return U/s 139(1).

please explain the term Lineal ascendant of an Individual in the view of taxability of gifts as per Section 56? will the term 'Lineal ascendant' include father and mother of mother i.e. grand parents from mother's side? in short, will Grand parents from mother's side of an Individual be termed as Relative for the purpose of taxation of gifts as per section 56? if there are any case laws or decided judgements or articles , please refer?

For how many accounting years can a person file his returns together n te current year? For eg ifIhave never flled my return fr previous years till whc year can i file together?

Dear All

I am a employe in UTRAKHAND & here there is a income tax exemption for 10 Year. My Problem is :-

1- Will i deduct TDS on Labour jobs bills

A- Labour job bill received from Trader Uttrakhand (Income tax exempted unit)

Hi,
If an assessee has two houses, one is self occupied and other is rented. Assessee has taken house loans for both the houses seperately and the interest payment in aggreggage exceds Rs 150,000.00
Please advise
Is
(i) Assessee can claim interest for more than 150,000.00

Dear ALL

Please define me

What is the deffered tax liability/assets,How is accounting of that

MY MATERNAL GRAND FATHER WANTS TO GIFT ME A CERTAIN X AMOUNT. CURRENTLY HE IS HOLDING THE AMOUNT IN THE BANK FIXED DEPOSIT, WHICH STATES HIS NAME FIRST, SECOND MY NAME. HE HAS ALSO MADE A WILL THAT THESE AMOUNTS SHOULD BE GIVEN TO ME. IS THERE ANY THING WHICH CAN BE DONE TO SECURE THIS MORE FROM ANY FURTHER CLAIMING BY HIS OWN SON ?

HE HAS ALSO SIGNED LETTER STATING THIS THESE ALL SHOULD BE CONSIDERED AS GIFTS FROM MY SIDE AND NO ONE HAS ANY CLAIM OR RIGHT ON THIS.

ALTHOUGH I HAVE ALSO MADE A GIFT DEED OF THE SAME TOO. BUT I FEEL THAT THIS IS CONTRARY, AS CURRENTLY THE AMOUNTS ARE NOT GIFTED, IT WILL BE AS PER THE WILL. SO DOES THE GIFT DEED STANDS VOID ? IS MAKING THE GIFT DEED ALSO WISE ?

MY QUESTION IS : IS THERE ANY MORE DOCUMENTATION REQUIRED RATHER THAN A WILL ?

IS THIS MUCH EVIDENCE ENOUGH IN MY FAVOUR TO GET THE DEPOSITS AFTER HIS DEMISE ?

I LOOK FORWARD TO YOUR EXPERT REPLY.

if freight amount Rs. 25000, out of this 5000 Rs. paid by supplier as a advance to truck driver, when lorry will deliver at buyer place he will paid to driver Rs 20000.

my question is on what amount tds should be deducted, at 20000 or 25000, bcoz 5000 is reimbusment to supplier.