My client has two business in different name under proprietorship concern. Turnover of both firm is Rs. 20.50 and 20.25 lacs respectively. Whether audit is applicable on both firm?. In case one firm turnover Rs. 41.00 and second firm turnover Rs. 21.00 then whether both firms are liable for audit or only only one firm which turnover above 40.00 lacs is liable for audit under income tax act

If car provided by the company to an employee for conveyance , is he eligible for excemption of Rs.9600p.a. from conveyance expenses as per income tax act,1961

Please send me reply with section and details since tomorrow is the last day of T.D.S. filing for the month.

Urgent message

if the director is using the company's cars
or
company is providing the car to employee for up and down from resi to office then

can he claim transport allowance of Rs. 9600/-.


if yes plz describe under which Sec?

if a employee is using the company's cars
or
company is providing the car to employee for up and down from resi to office then

can he claim transport allowance of Rs. 9600/-.


if yes plz describe the act or under which Sec?

if a employee is using the company's cars
or
company is providing the car to employee for up and down from resi to office then

can he claim transport allowance of Rs. 9600/- exempt frm his salary .


if yes plz describe the act or under which Sec?

Is P.F. deduction of employees above Rs.6500/- is compulsory for the Partnership Firm.

In case due to defects, fixed assets already capitalised are returned to the supplier can it be shown as a deletion in the block?

The scheme says that the premimum paid by the Company for the Life Insurance cover on the life of their Employee will be exempt from tax u/s 37(1) and the maturity proceeds will also be tax free in the hands of the Employee U/s 10(10)D.

Please be kind enough to enlighten me weather the above sections are correct or not.

Please clarify

Awaiting your reply.

If a subsidiary co. has made a loss and parent co. has capitalsed it, then whether it requires qualification in auditor's report? Please also give reference to support the answer.

PLS GIVE DEFINITION OF SOME TERMINOLOGY RELATED TO BANK.......
1.TERM LOAN
2.CASH CREDIT
3.OVERDRAFT
4.DEMAND LOAN
5.BRIDGE LOAN
6.PACKING CREDIT
7.LETTER OF CREDIT
8.BANK GUARANTEE