WHAT IS THE NATIONAL SECURITIES CERTIFICATE & WHAT IS THE PROCEDURE FOR GETTING IT & WHAT IS THE BENEFIT WE DRIVE FROM IT ?

Sir,

I have received am amount of Rs.33456 on maturity of NSC.So, is it taxable or not. If is it exempted so which section,

Thanks

Is surcharge applicable on FBT without considering exemption limit (i.e. 1.00 Crore)

My sister worked as Contractual Employee with the Company for first 5 months of the PY, on which TDS Professional was deducted by the company.(i.e. paid as an outside party)
Later on she joined another company in capacity of Payroll employee.

In the new ITR's there is no specific form which provides for both types of income i.e. PGBP & Salary.

Pls suggest how to file ITR in this case & which form to be filed.

Also, in case of PGBP income, how much % of expense can be claimed for pursuing services to company. Is there any other document to be filed apart from form 16a i.e. B/sheet or P&L ??

Pls revert ASAP.

An employee who was working in that company changes his job to another company. The liquidated/closed company refused to issue form 16.

Can the employee files his ITR - 1 with only one form 16(from the second company)?

Non attachment of form 16 from the previous employer might lead to rejection of the return for lack of proper attachment.What should the employee do?

How should he file his return?

our due date is 31st july or 31st october so why we file our return before 31st march at the year ending . in the ay2008-2009 the date of audit is 31september

Please send me format of Form 16A and Form 16AA

Dear All,

I have the following quries.. can any one of you please clarify kindly:

1.) What is the rate of Fringe Benefit Tax applicable on Gifts?

2.) What is the rate of Depreciation applicalbe on Furniture?

3.) What is INVESTMENT ALLOWANCE RESERVE and is there any upper limit for the same?

Thanks in advance,
Venkat

Dear Experts,

As in LLP concept a Partnership firm may be converted in LLP.
Whether a chartered accountant firm (CA) may be converted in LLP?

as it can conduct company audit only because of it's unlimited liability.

Rgds/-
Anil Jain

Tax on Total Income Rs.377,513/-
Less: TDS deducted Rs.366,078/-
Less: Advance Tax Rs. NIL
Balance Payable Rs. 11,435/-

Interest u/s 234 B Rs. 456/-
Interest u/s 234 C
1- 103
2- 206
3- 114 Rs.423/-

Total interest Rs. 879


As per sec 234B interest is payable if advance tax paid is less than 90% therefore, here Advance Tax Paid is Zero.

Further, 234C is for shortfall of advance tax installment.

Pls tell whether the above calculations are correct and if not please provide the same urgently,

Thanks & Regards

Sushil