Respected Sir,

Pls let me know that under Income Tax Act, if an Individual Gifts cash in excess of Rs.50000/- to his/her father's brother/sister then would this be considered as tax free in receiver hands?

Regards

THE PRIVATE LIMITED COMPANY IS IN THE BUSINESS OF CONSTRUCTION OF APARTMENTS AND WORKS CONTRACT

WHETHER THE PROVIDENT FUND ACT AND ESIC ACT
APPLIES TO THE COMPANY.

PLEASE ANSWER THE QUESTION ITS URGENT

THANKS IN ADVANCE.

My Frnd is working in pvt firm...his taxable income in around about 480000/-p.a but his employer is not deducting TDS..what should he do...

hello sir my name is sumit and my father is contractor due to some reason we are not filed return for the a.y.2011-12 till date. my father's turnover for the same A.Y. is 10000000 and tds. rs. 184000. is there any thing we can done. for filling return and for the refund.

Dear sir please give me solution for my Que:
A firm has sales of `75,00,000 variable cost of `42,00,000 and fixed cost of
`6,00,000.It has a debt of `45,00,000 at 9% interest and equity of `55,00,000. At what level
of sales, the EBIT of the firm will be equal to zero?
And at what level of Sales, the EBT of the firm will be equal to zero?
Please Give detail calculation!

HELP PLZ....

ONE OF MY CLIENT IS WORKING IN A COMPANY, WHICH PROVIDES MOTOR CAR FACILITY TO EMPLOYEE , THE CAR IS HIRED BY THE EMPLOYER AND THE HIRING CHARGES ARE PAID DIRECTLY BY THE EMPLOYER.

AND IN CASE OF PETROL EXPENSE AND DRIVER SALARY, THE EMPLOYEE PAYS THE SAME AND THE EMPLOYER REIMBURSES IT.

WOULD THE ABOVE, MOTOR CAR FACILITY, DRIVERS SALARY & PETROL EXPENSES WILL BE TAXABLE AS PERQUISITES.??

THANKS IN ADVANCE

What is a "Capital Asset" and "Transfer" for the purpose of chargeability as capital gains under the Income Tax Act, 1961?

Dear Sir/Ma'am,

Can any one help me in interpreting the following extract from the definition of "Auxiliary Educational Services"? Given in notification no.25 of 2012 under service tax.

"any other services which educational
institutions ordinarily carry out themselves but may obtain as outsourced services from any other person, including services relating to admission to such institution, conduct of examination, catering for the students under any mid-day meals scheme sponsored by Government, or
transportation of students, faculty or staff of such institution;

Also what types of services are covered under above extract.

While registering a share transfer can the company use a rubber stamp for affixing it at the back of the share certificate (in place of the name of transferee) if the transferee is a company.

Please advice

We have received bill from our C & F Agent as Follows in 4 parts

Part 1:
Shipping Company Charges(Reimbursement)
CFS Yard Charges(Reimbursement)
Stamp Duty(Reimbursement)
Empty Container Insurance Charges(Reimbursement)
Custom Duty(Reimbursement)
Empty Container Unloading Charges-Empty yard(Reimbursement)

Below this is written:
*This is Debit Note* * No TDS should be deducted*
------------End of 1st Part--------------

Part 2:
Agency
Add: Service Tax

-------------End of 2nd Part-------------

Part 3:
Sundry Charges

-------------End of 3rd Part-------------

Part 4:
Transport

-------------End of 4th Part-------------

My question is how is accounting done for this?
Also, on What amount TDS must be deducted?