Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 
Discussions Forum
Home Forum Income Tax This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

TO CARRY SPARE PARTS WHILE TRAVELLING, Income Tax

Issue Id: - 2673
Dated: 21-1-2011
By:- SURYAKANT MITHBAVKAR
TO CARRY SPARE PARTS WHILE TRAVELLING

  • Contents
Our technician carry some spare parts while travelling aboard for installation/service purpose. While doing installation technician has use that spare parts and customers paid for that in US Dollars can we book that US Doller in our books showing export sale of Spare and deposit in Bank whereas no evidence available to show export like shipping bill, etc. kindly give us advice under INCOMT TAX LAW

Posts / Replies

Showing Replies 1 to 1 of 1 Records

1 Dated: 21-1-2011
By:- natesan rajendiran
Under Income tax law taxability depends on the residential status of a person.You have not mentioned the residential status.Moreover you must also mention about your business connection,agreement for execution of works contract if any etc.For payment connections one should also keep in mind FEMA provisions.

1

Old Query - New Comments are closed.

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||