Income Tax queries [13924]

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N R ARUNA

25 January 2008 at 12:25

professional Tax

This is an examination question. it reads as under:-
Total professional tax paid is Rs.5000/-. out of this, Rs.4000/- is paid by employer and Rs.1000/- is paid by employee.
what will be the deduction from salary?

harshit

25 January 2008 at 09:03

80D deduction - through credit card payment

Medical insurance paid through credit card.

This was allowable u/s80D ( I think cash paid to medical insurance not allowable for exempttion)

pl.sir

Dongre Arun

25 January 2008 at 08:37

FBT calc. while exps r apportioned to subsidiary

Pls. clarify this, (with ref to Sec.115W)

There are 2 companies say A & B. Let B is subsidiary of A. Now a part of exps incurred by A is apportioned to B, as it is expended for B.

While calculating FBT of both A & B, where is the apportioned FBTable exps are taxed…? I.e. in former or in latter…?

re,

Dear one,
Arun Dongre

Accounts

24 January 2008 at 20:16

TDS on Salary

kindly give the details of deducting TDS on salary, thak you

Accounts

24 January 2008 at 20:14

Deduction of TDS

Can we deduct TDS from first bill of the
party is their any limitations or slab for deducting TDS, reply soon , thank you.

N R ARUNA

24 January 2008 at 19:32

professional tax

it is an examination question. it reads as under:-
Total professional tax paid is Rs.5000/-. out of this, Rs.4000/- is paid by employer and Rs.1000/- is paid by employee.
what will be the deduction from salary?

Varsha Jain

24 January 2008 at 15:36

Tax Liability on cricketer

Hello
Mr X,a resident has entered into contract For 3 years with Indian Cricket League.Is there any specific section(for deduction/exemption/allowbility of any expense) under income tax act applicable for him.
Thank you.

Subodh

24 January 2008 at 15:30

Income Tax on IT Software Company

Dear All,

If our company developing the website and doing desktop application for foreign and Indian clients as well, I would like to know what type Taxes will be applicable on this type of business/transaction?
Should Indian client deduct TDS on it and also should we need to pay Service Tax on it?
Please solve my query...
BR
SV

Nithya.P

24 January 2008 at 10:39

E- Payment

Hi,

Is it compulsory to Corporate tax payers to make all tax payments only throught E-payment mode.

Regards
Nithya

CA Suresh Paghdar

24 January 2008 at 10:03

TDS ON SOFTWARE EXP

SHOULD TDS BE DEDUCTED ON NEW SOFTWARE DEVOLEPEMENT EXP ? IF IT IS CUSTOMIZATION OF REGULAR SOFTWARE DOES IT MAKE ANY DEFFERENCE ?
IF TDS BE DEDUCTED,THEN UNDER WHICH SECTION 194C OR 194J ?