by Sundaravalli
(ChennaI)
How to account for the income tax paid by the limited Company?
Comments for Income Tax Paid Bookkeeping Question
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Dear Sir, Our company has accepted an amount of 20,000 Rs per day for five days (totaling 100,000 Rs) from a party, against a loan given to the party. The case is now under scrutiny by the tax department, and they are asking for an explanation on this matter. How will the department treat this issue? Regards, Manoj Rathod
Comments for Income Tax Scrutiny
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by Diana
(Fort Worth TX)
I just turned 18. I've been living with my boyfriend. Can he claim me on his income tax?
Comments for Income Tax Dependency Claim
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by Divya
(Gurgaon)
I want to know that if a person is residing in her own house and showing the office that she is paying rent to his father-in-law. In that case exemption is allowed for House rent.
Comments for Income Tax Exemption
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by sameed
(hyderabad, india)
I have salaried employee with 4 lakhs taxable income. I have completed paid my income tax through company TDS. Nothing is pending to pay tax. I have profit of 10000 on short term shares.
How much do i need to pay tax?
Is it flat 15% on 10000 rupees (sec 111A of income tax)? Or is it I need to pay tax for 4lakhs + 10000 rupees? As income tax slab rate applicable?
Please clarify.
Comments for Income Tax On Salary
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by deepak
(panjab)
I'm an Indian working in India. I'm earning about 90000 Rs by giving advice to people where to invest in shares and commodities, my fee is below 20000 Rs from one person. Is there any service tax liability towards me? Currently I'm not taking any service tax from my clients. Kindly answer.
Comments for Related To Service Tax
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I am trying to prepare my 1099's in QuickBooks and I need to include the value of the prizes/awards that my vendors received.
Should I use a journal entry? What can I do to have these amounts calculated in the 1099 misc. non-employee comp?
Comments for Reporting Prize Incentive Earnings
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by mandeep
(mumbai)
I want to buy an Audi A4 which cost 30 lakh rupees. Is it ok if I give them a check of 30lakhs and pick the car? I have cash saved up.
Comments for Tax Problem
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Received 3 separate checks for a lawsuit against my previous employer for back wages for overtime. 1 was for overtime wages...1 was a settlement check and 1 was for 1% of the total lawsuit because there were other people involved and I got a finder's fee.... are all of these checks taxable?
Comments for Taxable Income
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Who can and who cannot file for a child?
Comments for Income Taxes Child Claims
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