Conveyance (U/s 10 (14) )paid to employees in salary structure. FBT is applicable on that amount ?
If yes what's rate?
Can someone clarify me that if we paid interest agt. purchase in foreign currency then we are liable to Deduct TDS on such amt. or not . Please reply me as soon as possible.
Is it necessary for a company to pass a reversal entry in the books of accounts when the assets are sold.
For instance, sale of vehicle the following entry has been passed.
Depreciation reserve account dr
asset held for sale account dr
to Vehicles account
salary received by any MLA or MP is taxable under the head income from other sources as there is no relationship of employer and employee.
Is there any difference if any MLA or MP is a minister also and getting salary?
Dear Sir/ Madam,
Could you tell me how to determine the Borrowing power of a company?
One of my friend has completed his CA from London. Now, in June, he will come to India for marriage and will stay here. I would just like to ask whether his CA degree in London will be recognised in India? and Whether he will get job in Industry of India?
Please also tell the cities which are good for him to start job?
A client has the degree of Architect but don't have the license for the same. He is started his own business in the location, Chandigarh. Now he is not maintaining any books of accounts.
1) I am confused to start from where.
2) His income is below Rs 2lacs.
3) Not maintained in P&L and B/S.
4) Head's of income shown is: Under the head of Consultancy & Contract.
5) TDS was charged under the head of consultancy and contractor.
Can anyone tell me how to go with it.
Regards
Mannu
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
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FBT