MR.A PURCHASED A PROPERTY FROM MR.B AT THE TIME OF PURCHASE PAPERS OF PROPERTY WAS NOT CLEAR SO MR.A CANNOT AVAIL THE BANK LOAN FACILITY AND HE PAID 80% OF PROPERTY VALUE BY TAKING A PERMANENT WITHDRAWAL FROM ITS PROVIDENT FUND ACCOUNT IN 2011. NOW THE PAPERS OF PROPERTY ARE CLEAR AND BANK IS READY TO GIVE LOAN AND AFTER TAKING LOAN MR.A WILL GET INCOME TAX BENEFIT AND BANK IS READY TO DISBURSE THAT 80% TO MR.A AS HE HAS ALREADY PAID THAT AMOUNT OUT OF HIS PF TO MR.B . IS THERE ANY INCOME TAX PROBLEM IF TAKES THAT 80% AMOUNT FROM BANK . PL.ADVISE

for calculating interest.the tax payable should be rounded to ? for eg. its 25367 it should be roundedd off to ?
Thanks in advance

Dear sir,
If an individual receives a gift of Rs. 200000/- lacs in cash, from his father-in-law on the occasion of his marriage. whether the said gift would be allowed by Assessing Authority as exempt ?
Regards !

Hi,
During 2011-12 (F/Y) My friend received PF, Gratuity, earned Leave etc on his retirement, which is exempt from tax-

Now my question is whether he should disclose all these income on consolidation basis on exempt income box.

Dear All,
If a company was having speculation loss in last FY and in this year there is only speculation gain, no other business profit will the MAT be applicable. IF YES on which amount

Regards

Vikas

what is the simle meaning of u/s244A?
and what is difference between s-234D?

If we are making any of the payment to travel agent who is booking ticket on behalf of our company as per our request , our company is semi government company.
so transaction as first he is booking the tickets & than he is sending a invoice to company, as cost of the ticket for no. of persons tickets booked as per location given plus his service charges & service tax as per applicable rate.
& yearly company paying to such travel agent more than 10 lakhs for such service.
so, we want to know whether TDS applicable to him or Not & if applicable than under which section?
Also suggest whether company want to entered with him contract agreement or not for such kind of transaction.

what are the tax slabs applicable for ipcc may 2012 exam??
and are tax slab chages the only changes in syllabus from nov2011 to may 2012??
please let me know.

i have noted the change in services covered for ipcc may12. are there any changes in VAT??

Very urgent please help me
One of the employee left our company with out any notice period.As per our company policy we will deduct 15days salary from his total salary.He has the following dues from the company.
Earned Leave : 18000
Bonus : 8000
Salary : 3000
We need to deduct Rs.16000 from his account because of not giving the notice one month before.How we have to treat the Rs.16000 in our books of accounts.

Dear Experts

We have to issue Salary to out Foreign Director from January of Rs 2 Lacs per month.

Ie for 3 months 6 lacs.

Kindly suggest how much we have to deduct TDS and Filing of ETDS

Thanks in Advance