Dear All,

if any practicing CA provide accounting and taxation consultancy out side of India, and during his consultancy period he become non resident indian.
so can he raise the invoice in USD and can he take fees by his NRI bank account ?
and what is the tax liabilities on this receipts.??



Please suggest me, its very important and urgent.

Hello Sir,

I need your advice on a matter.
It was decided in a board meeting to pay Rs. 20000p.m. as honorarium for legal services to a director.We are paying Rs.20000p.m. to our director since 1.4.2010. TDs is not deducted on this payment till date.
Our director is a member of Bar Council. & now we come to know that a member of bar council cant receive salary from anyone.
now please advice me how to handle this matter.

A company is purchasing a car on its own name and installments paying by employee.
After completion of installments period Company will give car to the employee.

In this case, can company charge depreciation till the completion of installments???

Can employee get tax benefit of interest on installment of car loan.

I have filed manual income tax return for assessment year 2008-09.

The following are details as per return:

Total Income -173550/-
Tax payable- 5366/-
Tds deducted by employer- 12122/-
Refund -6756/-

However i have been issue refund of Rs 2190/- only.

Also in respect of same assessment year 2008-09 notice of demand arrear for sum of Rs 7076/- is issued.

Also as per NSDL TDS is Rs 9889/- whereas as per TDS certificate it is Rs 12122/-

I have filed the rectification u/s 154 and also a clarification letter but till date i got no response.

Please guide me to take further appropriate action in this regard.

My firm is proprietorship firm but do not have any PAN no at present . All tds deducted are deposited on my PAN no, is it necessary that firm should also have PAN No or tds deducted can be deposited in Proprietor's PAN.

Do we have to charge TDS as well as service tax on directors remuneration?
Please help

I have sold my home within a period of one and half year. I will revert 80c benefit of home loan principal i have availed. Just I want to know that can I get one year period to invest the same in another house property?

Also want to know that what tax liability will be on profit of 700000.00 if I am not investing the same in another house property?

My other income is 300000.00 and 700000.00 profit on short term capital gain.

Please guide.

ITR mandatory for all pan card holder?
If yes, tell me the exception available for the card holder.

I wanted know that from where I can request/get intimations/assessment orders for assessments years before A.Y 10-11 for any taxpayer.

As the income tax site is now new and modified , we are able to request for intimations only upto A.Y 10-11 unlike the previous site wherein orders/intimations where available from the date the assessee started to e-file his return of income.

A business person states that he is investing 1 lakh each in 3 PPF accounts. The accounts are in his name, his spouse's name and in the name of 1 major son. Hence, he invests 3 lakhs total per annum! He invest from his account and is not claiming any Income Tax benefit (except from the one lakh that he invests in his own name). Hence, for the balance 2 lakhs that he invests in the name of his spouse and major son, he does not claim any income tax benefit. He is doing it to get a tax free retirement income for himself and to give a decent amount to his grand children. Is it permitted officially?

I am aware that 1 lakh is the maximum investment per year allowed in one's own account plus his minor child's account. But I was not aware that one could invest additional one lakh each in a major son's account and spouse's account. So, if this person had a spouse and 3 major children, he could invest upto 4 lakhs per year and he could amass a huge tax-free retirement corpus!!