We have a Srilankan Foreign National working in our Company. He is India for more than 180 days in the year.

We are planning to pay 75% of his salary in Srilanka and the balance in India. Is it possible. What are the IT implications of the same?

Hi,

I have to file 15 J return (contract where owner does not have more than 2 trucks). It is compulsory to file it online or can be given hardcopy to IT departmnent. I have data more than one lac rows in excel.

Please give me soluation

I sold residential property after 20 years of purchase at a profit and reinvested the profit along with additional personnal funds in the new residential property within one year of sale and rented out the same. Will I still be eligible for the Capital gain tax ? or for how long one is not allowed to rent it out to be eligible for Capital Gain tax?

Company has paid rent of prmises on behalf of employee who is left the company also deducted the TDS & paid in 2009 - 10. Can company issue the TDS certificate ?

A company purchased some Machinery and it is received in Factory on 1st Mar 09. Bill from Vendor is dated 25th Feb 09. After all installations and work, the Machinery gets ready to be used on 15th Apr 09 whereas it is actually put to use on 1st May 09.
a) Now, When the Machinery be taken into books?
b) Will dep be charged for 2008-09 either in Cos Act or Income Tax Act?
c) What will be date from which dep should be calculated?
d) Any other statuatory requirement if applies?

Any asset costing for less than 5000 should be depriciated @ 100%. So, is it must to first capitalize and then provide dep or can the purchase amt be directed charged to P & L A/c? Will this rule apply both for Income tax & Companies Act or what?

What is the criteria for deciding the status(Contractor or Sub contractor) of person for the purpose of deduction of TDS?

In other words when the person can be called as sub-contractor?

dear friends can somebody make me clear wats the exact requirement for ipcc exams whether that nine month tuition is compulsory

Whether Partnership Deed Print by Computer (printer) OR Typed by Type-Writer ?

How Can Draft a Partnership Deed ?
Please send me a Draft Guidelines.