please tell
can penalty of Rs. 200 per day u/s 234E be avoided if assessee have paid the whole tds deducted to the govt. and have reasonable cause for non filling of tds return?

I want to ask can i show

Telephone Expenses Reimbursement
Vechile Running & Maintenance Reimbursement

as salary component for employees having salary range of Rs.35000 to Rs.65000.

If yes, then it will be Tax Free Component or not????

and what are the documents required for LTC exemption?

DEAR EXPERTS,

PLEASE PROVIDE YOUR KIND SUGGESTIONS, WITH legal formalities in procedural aspects.

Case Study-

Option 1

Mr. A resides in UK (resident of UK) want to do investment in Real estate in India of Rs. 50 lac. and after two years he will sell the property for Rs. 60 lac in india and brought back whole amount after tax to UK.

Now what are the income tax and FEMA limitations or formalities to be complied for( also what kind of accounts to be opened in india like NRO ACCOUNT so on)

Option 2

Mr. A resides in UK ( resident of UK) want to make gift of Rs. 50 lac to his mother (residing in India-Resident of india) and his mother further invest the gifted money in Real estate in India. After one year Mother of Mr. A sold that property for Rs. 60 lac and after paying proper tax mother of Mr. A will again gifted that balance money to Mr. A in UK.

Now what are the income tax and FEMA limitations or formalities to be complied for( also what kind of accounts to be opened in india like NRO ACCOUNT so on)


Also please advise which option is more beneficial.

Thanks in Advance

respected sir,

I HAD TAKEN ADMISSION ON 24 SEP 2012 FOR IPCC IN DIRECT ENTRY SCHEME. I ALSO REGISTERED MY FORM NO. 102 & 103. BUT TILL NOW I DIDNT GOT MY ARTICLESHIP I CARD.

How to show adavance rent received in F.Y.2012_13? THIS is income received under house property.

Sir,
Our Last F.Y. Turnover was below 400 Lakhs hence we can take the SSI Exemption but we have charged Excise Duty from some of the customers now we want to switch to the exemption.
So what is the possible wayout

DEAR EXPERTS,


WE, A PVT LTD COMPANY HAVING SOME EMPLOYEES, WHOSE SALARY 25000/- P.M. WHEN SHOULD WE TAKE INVESTMENT DETAILS (FOR F.Y. 2013-14) FROM SUCH EMPLOYEES FOR TDS DEDUCTABLE PURPOSE

ON DATE, WE HAVE TO PAY SALARY (M.O. APRIL ’13) AFTER DEDUCTING P.F. & PROFESSION TAX BY CHEQUE SO SHOULD WE DEDUCT TDS FROM MONTHLY SALARY PAYMENT ? OR DEDUCT & DEPOSIT TDS AT THE END OF YEAR

PLEASE GUIDE

i have lost ma termination letter. how do i apply for a duplicate one?

Hi..

I have qualified CS in DEC 2012 attempt and Iam also pursuing CA final...

Iam working in a CS firm for the past 2.5 years.

Should i undergo 15 months training Program Stipulated by CS institute? Is there any possibility of Exemption ?

I have not yet submitted any form to Institute...

Because of this criteria iam facing difficulties in the placement...

pls Guide me.....

Hi,
My client is registered in Delhi(Centralised Registration). Delhi office is their head office. Now for sake of tax benefits they have shifted their head office to haridwar(Uttaranchal). Now they want to amend there ST-1. There billing and invoicing system prevails in Delhi. Is it possible that they continue to operate billing and accounting system in delhi and take centralised registration in Uttaranchal. Please help