Please suggest on urgent basis:
We are going to make payment to UK base consultant, not registered in India nor having PAN no., for our upcoming gdr.
Should we deduct tds or not.
If we should deduct that how we can file return as said professional is not having PAN.

Hi,


Whether FBT is chargeable on rent paid on guest house

I want to know whether TDS under the Income tax Act, 1961 is required to be deducted on service tax ? Recently a circular is issued on the subject but I am not in a position to lay my hands on it.

Sincerely,

Nilesh Shah

WHEN A HUF ASSESSEE HAS RECEIVED A SUM EXCEEDING RS.100000.00 AS GIFT FROM ONE OF ITS MEMBER WHETHER IT WILL BE TREATED AS INCOME U/S 56(1)(V) OR IT WILL BE EXEMPT BEING SUM RECEIVED FROM ANY RELATIVE.

Dear All,

We have wrongly submited the tax on divided distribution by challan of TDS on 30/01/2006 so it wrongly deposisted in TDS Department istead of income tax department.
Now income tax department issue intimation u/s 143(1) for the payment of tax on divided tax (including interest).
So please provide me help how can we avoid the above payment of divided tax and also mention the procedure to solve out this problem.
Thanks & Regards,

Dear Sir,

I want your opinion on following Query related to ESOP of unlisted company from you.

1.Employee Compensation expenses i.e. deferred expenses (difference of FMV and exercise price) on the issue of ESOP, is allowed as expenses under Income Tax and when it is allowed?
2.AS 22 is applicable on such expenses?
3.Who is the independent valuer for this purpose?


Sanjay Kr. Sharma

Require case laws on Capital ReciptParticularily on compensation received in lieu of destruction of assets

Sir,

Please advise that Mr. Rajesh received house rent allowance Rs. 2500/-P.M. & his total earning 15000/-P.M. (Basic 10000/- P.M.) He is residing at bachelors hostel Provided by Employer for 550/-P.M. as rent in his own Building But his family are residing in house which rent paid by Mr. Rajesh Rs. 3000/- P.M.

Pl. advise that (i) he is eligible for exemption of (how much) house rent allowance after submitting rent receipt ? & Give total taxable amount for the same (if he is married & pay rent for his wife & chiled)

(ii)What is diff. If he is unmarried & pay rent for his dependent mother & father.



Thanks

Respected members

A person running a business can claim interest on car loan as deduction of Interest on car loan from his Profit computed under Profit or Gain from Business or Profession

my friend PAN card misplaced- plz.tell me what is the procedure for getting PAN card.