Can Indexation Benefit is available on Unlisted shares of a foreign company?

Whether the vehicle (Motor van) purchased in the name of owner /proprietor (not in the name of proprietorship business ) can be shown as an asset in the Balance sheet of his proprietorship business ?

Notes:
vehicle (Motor van) is currently using for proprietorship business.

Income from mobile recharge voucher is commission income or revenue income?

Dear Experts, I want to know that deemed profit calculation from partnership firm AY 2017-18 excluded partners remuneration or allowed rs.150000/-. Please reply.

Respected experts, I am very confusing about this, A partner contributed capital Rs.13,00,000/- in the beginning of the partnership firm but at the end of the year showing Rs.17,55,000/- debit balance in his capital ledger due to more withdrawals than contributed. what should i do now? Please tell me...What are the income tax rules on this?

One of my Govt. Deductor deposited all three challans in wrong head under 400 instead of 200 in Q2 of F.Y. 2017-18. Now defaults has been generated for one challan while downloading jurisdiction report.In that report they have shown as short deduction and notice sent to us. So now what is remedy ??? Kindly Guide


Thanks in Advance

Hi Everyone..

Please suggest TDS implication on payment made to Indian branch of foreign reinsurance company.

Our understanding in respect of TDS implication on payment made to Indian branch of foreign reinsurance company.

1. Since Reinsurance branches are treated non-resident entities for Indian tax purposes and in the absence of lower/nil TDS certificates, all the payments which are received by the reinsurance branches would be subject to withholding at 40% (plus applicable surcharge and education cess). And need to file 15CA & 15CB certificate

2. Where lower TDS certificate is provided u/s 197(1), TDS should be deducted accordingly as per that certificate and No need to file 15CA & 15CB certificates. as the rate is already decided by Income tax officer u/s 197(1), so no need to take opinion from CA about TAX rate.


We have obtain lower TDS certificate u/s 197(1) from that company, Please suggest we have to file 15CA / 15CB certificate for the above payment or not.

Ankit Patel
Mo. No. - 8691908859

what is the proper defination of GTA

is TCS on crush coal is applicable ( crush coal cover under HSN code of coal) on retail invoice and tax invoice

TAXABILITY OF
ARMY PENSION(UNCOMMUTED),
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OROP ARREAR
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