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Anyone can tell me whether TDS deducted on payment of salary to partner in partnership firm?
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I want to know about section- 14A of Income Tax Act & Rule-8D of Income Tax Rules. Is this section applies to Bonus Shares also. If yes, then what would be the value of such shares.
The fact is: Assessee: NBFC Company.
AO has re-opened the case for AY: 01-02 u/s 147, the grounds on which AO has re-opened the case is- he wants to disallow company's total expenditure in properation of dividend income(Exempeted Income) as per Section- 14A & Rule-8D
Is AO is correct or not?
pls reply me asap.
thanks
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Is fbt applicable on accidental insurance provided by the company to its employees
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if indivual payments to a party for a contract didnot exceed Rs20000 but in the last month of the year the total payment exceeded Rs50000 then should we deduct on the whole amount including the first payments?
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if indivual payments to a party for a contract didnot exceed Rs20000 but in the last month of the year the total payment exceeded Rs50000 then should we deduct on the whole amount including the first payments?
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I deposit sum of Rs 70000 in my PPF a/c, Rs.30000 from my own a/c and Rs.40000 from joint a/c with my wife, is it valid from income tax point of view?
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X and Y are two brothers both getting salary income after deduction of TDS. Y transfers his income of Rs 30000 to his bro X's bank a/c. X invest this sum in mutual funds and also give as a loan. Is this transfer of money from X to Y valid? Who is liable to tax?
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Mrs X transfers a sum of Rs 8 lakh to her daughter-in-law without any consideration and this sum is given on loan by daughter-in-law to a third party, whether Mrs X or her dauhter-in-law chargeable to tax? IF yes , then by what amount? Can it be treated as gift from relative and so no tax liability ?
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What are the benefits of creating HUF from income tax point of view. Is some tax can be avoided ? How?
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When we talk about investment(u/s 80c) that has limit upto 1,00,000 which includes no of investments.
(A)I heard that Investment under pension scheme has a limit of Rs. 10,000/-. Is this true?
(B) Is tuition fee restricted upto 24000/- or having no such kind of limit.
Kindly answer to my this query.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
TDS on Salary paid to Partner