Dear Experts,

Please confirm on the following:

As per the Sec 17(2) perquisite value of Free education is cost of such education in similar institution in case employer own the Education institutions.

My question is as under 80 C tuition fee paid comes as deduction can we consider above value under the 80c even though actual payment not done.

We had given the services in march 2011 and showed the income in a.y.2011-12 and accordingly we claimed the tds credit. the service receiver company accepted the bill in next year and deducted tds in next year(a.y. 2012-13)
The assessing officer argues that tds credit is not allowable for a.y. 2011-12 because tds is not shown in 26as and also certificate is not available so tds credit is not granted.
Plz suggest me what action can be taken.

IF THE SBI EMPLOYEES ARE GETTING GRATUITY ON RETIREMENT WHETHER TAXABLE OR EXEMPT AS IT IS A SEMI GOVT BANK?

Does debt includes current liability ?

dear friends is efiling of partner mandatoty??? if the firm has been audited in which he is partner?? pls. guide me

1. Mr.A Provides works contract of installation of an automatic weather station. He imports various components & assembles it on site to form a weather station.
2. Installation requires scientific & technical knowledge
3. As per Rule 2A, he pays service tax on 40% of GAC
Can he claim credit of Service tax paid to C&F agent for importing the components ? Or can credit be denied stating that such Input Service is only for Sale component in Works contract & not for Service component.

Dear All,

There is one registered partnership firm say M/s XY, having two partners Mr. X & Mr.Y

They have entered into Admission cum Retirement deed, retiring Y and admitting Mr.A but before registering the deed Mr. Y died.

Now my question is, Can legal heir of Mr. Y, do Notary and registration of the deed on behalf of Mr. Y ?? if yes then How ??

Pls Share your views.

Thanks in advace

let me know briefly what is mean by advance tax who are applicable for that.

hi,one of my client her husband dead in accident.the New India Assurance Company(NIAC) passed third party insurance in the year 2011 and deduct TDS @ 20% due to non availability of PAN at that time.now PAN is available.i request to authorized officer of NIAC to revise the return so that i can claim the same as refund.the officer said that we can not do the same and you should go to concern officer of income tax department.i want proper suggestion from you. please....!

we are section 25 (Non Profit Orgn) co. Association but we are not regd under 12A of Income tax. Whether Membership Fee (Annual & LifeTime) received from members are taxable or not. Whether it has to be considered for advance tax or not. Apart from this we have Interest Income from Fixed Deposit which is taxable. Kindly advise on membership fee income taxable or not.