my sister is working as lecturer in pvt. coleg
she is asked to check the copies at university @ 25/- per copy
i want to ask that amt which she will get is liable for tax/ tds
what is the limit
what should i do to claim the tds refund which form should i fill
We manufacture urea, an exempted good under notif 12/2012 (taxable @ 1% provided cenvat is not taken on input and input services).
Ammonia (taxable good) is also manufactured by us which is used as a raw material for manufacturing urea. Ours is a 'continuous process plant'. Will we have to pay excise duty on ammonia (intermediate product) since urea is an 'exempted good'?
I had invested some amount under the capital gains account scheme in the FY 11-12.Noe i want to withdraw the amount to buy a house property.Is a CA certificate required to be submitted in the bank to withdraw the money.
Sir,
I am terminated my articleship on April 1st week, but i could not file form 109 till now.In between these gap the date of compleetion of 1st year articleship is over. Now i am going to join in another firm, what should i do?
please reply fast.
Please solve my query regarding capital gain & exemption:
Q. In F.Y 2011-12, Long term capital gain is calculated as follows:
Long term capital gain on Gold : 10,00,000
Long term capital gain on House A : 20,00,000
Total 30,00,000
House B is purchased for Rs. 30 lacs
Less : Exemption u/s 54 (For House A) : 20,00,000
Less : Exemption u/s 54F (For Gold) : 10,00,000
Net Long term capital gain Nil
Now in F.Y 2012-13 House B is sold for Rs. 54,00,000 and House C is purchased for Rs. 90,00,000/-
Please tell me the tax treatment and whether exemption u/s 54/54F can be claimed for House C
from when would be exam form of cpt december 2013 would be made available by ICAI
Friends
when advance receipt of rent is liable to deduct TDS
please tel me
Please guide me whether excise duty is to be levied on transportation cost charged from client more than the actual paid by us. For Example:- We are selling goods to client for Rs.100000/- transportation cost charged by us from client was Rs.20000 & amount actually paid by us was Rs.15000. Whether excise duty levieable on such cases. This case is of Rule-5 of CEVR,2000.
we made payment towards electricity exp exceeding 20000/- in cash to electricity company whehter such payment will be allowable exp or not
If an employee is getting a salary of Rs 13,00,000/- per annum ,what are the non taxable perquisites that can be included in the salary structure as per the Income Tax Act/Rules.
Is telephone perquisite fully exempt or are there limits?
If the employer is providing reimbursement of motor car petrol and maintenance bills of Rs 1800/- per month is that amount exempt in the employees hands?
Is there a specific exemption for journals/helper allowance in the IT Act?
Please clarify .
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