Whether Pre–Operative Expenses incurred for the Projects yet to be capitalized liable for Fringe Benefits Tax since POP Expenses claim as Revenue in IT & in Corporate Books it is added to the Cost of Assets which is amortized along with the cost of Assets over the period of its life on which we are not paying FBT at present.
Will Vehicle tax be treated as running and maintenance expenses & subject to FBT?
Dear All,
Thanks for your MAT Computation table. But my query is whether Provision for FBT charged
to P&L has to be taken care while calculating the MAT computation under Provision for Income tax.
Thanks for your support extended.
Arun.P
Is there any threshold limit specified for TCS as in TDS. If so then plz provide details.
Hi
If a share is purchased on 1-1-2006 & sold on 1-1-2007, will it give rise to short term capital asset & long term capital asset?
In other words, I'd like to know while calculating period of holding for capital gains computation,whether day of sale is included or excluded in terms of section 2(42A) of the IT Act?
We are not paid the Income tax due for the year 2006-07, can we file IT return with audit report?
MY Query is-we deduct TDS on the basis of likely payment exceeded with the specified limit.e.g.U/S 194 J TDS is deducted if gross amount in aggregate exceeds or likely to be exceeded by 20000/-.If we don't deduct TDS in first & Qtr.bcoz we pay quarterly rs.4000 so TDS is not attractable. But in third qtr.we make payment of amt.15000 rs.then we need to deduct TDS.whether we need to deduct the TDS on the earlier payment also?If yes whether we need to revise the return??
what will happen if payment is increased retrospectily i.e.15000 for former 2 Qtr.also??
sir,
i wanted to know is there any web site
where we can know the details of a PAN card holder if we have got his PAN Number.
Tax on Income is INCOME TAX !
Tax on Expense is INCOME TAX ?
Why ?
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
FBT Liability