Dear Sir,
We need to remit bank charges towards extension of Bank Guarantee issued by Doha Bank to our client. We need to pay to our bank in India who has taken this bank guarantee from Doha Bank on our behalf. we need to remit bank charges to Doha bank. do we need to deduct tax? if yes then please give details of tax amount etc.
thanks,
Nilesh
Dear Experts, In case of payment made out of india for commision to individual is it liable for Tax under section 195?? payment is exceeding 500000 during the year. if liable to tax then at which rate ,tds to be deducted? Is 15 ca-cb required to be filed?
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Hello, from personal file i have transfer some amount to my Wife's file & some to my Father for purchase a residential flat in joint name during last F.Y. 2015-16 (My Father & Wife) & i have shown this amount as loan (receivable from them) in my Balance sheet.
Can i able to show this entry as Giving Gift to both of them in F.Y. 2016-17? Although the cheque transection was made in F.Y. 2015-16
Regards
A is a propietor of XYZ firm. XYZ firm was previously a partnership firm but then converted into proprietorship firm. Now the cash transaction notice came on partnership firm PAN Number. Now how to reply this notice as the partnership is not in existence.
i did agreement in September for sale of rs 10L. At that time I received advance of 1L, rest payment was due on 30 Nov.
It was mentioned in agreement that default in payment on 30 Nov Will entitle the seller to forfiet earnest money of 1 L.
In Oct and Nov, received 1L each month but purchaser defaulted on 30 Nov.
In Dec, I sent the legal notice through advocate stating that I have received 3 L earnest money and pay the balance money within 15 days otherwise 3L will be forfieted and agreement will be cancelled.
No reply received from the purchaser till now.
Can I legally forfiet the 3L money and sell the property to another.
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