As per Sec145(3) on Income Tax Act, if AO is not satisfied about the correctness or completeness of the accounts of the assessee, or where the method of accounting provided in sub-section (1) or accounting standards as notified under sub-section (2), have not been regularly followed by the assessee, the Assessing Officer may make an assessment in the MANNER provided in section 144. Is this means that in this case only best judgement assesment under Sec 144 will be done? In other words can best judgement assesment be done in cases other than specified in sec144?
Q2.Can refund be granted u/s 144. If yes, in what conditions?

Whether interest paid to PNB Housing Finance Ltd. is covered under the provisions of Section 194A?. Also whether the exceptions mentioned in Subsection3(iii) applies to PNB Housing Finance Ltd. since it is a wholly owned subsidiary of Punjab National Bank.

Does remuneration given to a director include perquisites?
Is director salary same as Remuneration?If it is different what's that?

Perquisite given in the form of Car maintenance i.e driver salary, repairs any, fuel etc. Is it exempted to the employee or employer?

Whether TDS should be deducted at reimbursement of travelling expenses of professional/auditors.

Hi Friends,

Please advise whether FBT is to be paid on air tickets and visa charges arranged and paid by the company for the employees official tour abroad.

Regards,

Vikram Goel

I want to know that TDS is appilcable only on revenue payment or it is applicable for revenue or capital payment both. please give full reference like case laws , notification and circular.

Is FBT on Car Lease rental of employees recoverable from them ?

Is FBT on Car Lease rental of employees recoverable from them ?

Kindly let me know whether FBT is applicable on :
1) Special lighting arrangements made to a retail shop on festival days.
2) If applicable whether the same falls under the category of Sales promotion or Festival Expenses