Anonymous
02 July 2013 at 20:11

Salary design

Can any tell me how a salary structure is designed for an employee.

i.e., how much percentage of H.R will be in basic and D.A.

How many components will be there in salary of an employee ?


Sachin Goel

I need clarification upon the captioned item.
If a lady receives a particular sum, say Rs. 10 lacs, from her in laws for being agreed to divorce her husband;
1. Whether the same will be taxable in her hand as income?
2. If yes, under which provision of Income Tax Act?
3. Whether the lady would be wrong in treating the said amount as Capital Receipt?
Please offer your valuable suggestions.


CPoojaA

Hello,

IF I give tips on share buy/sell. So I charge commission on profits earned by my clients. I wanted to know is there any restriction/regulation by SEBI or any other authority on charge of such commission.

thank u.


Krishna Kant
02 July 2013 at 19:41

Tds on purchase of property

Dear Sir,
I am 65 yrs old retired Chief Engineer from UP Power Corporation Ltd Lucknow. My daughter wkg in US purchased a flat in Crossing Republik City Ghaziabad The basic sale price of flat is 48,07,992& service tax on it is 1,48,567 bringing the cost to Rs 49,56,559.The registry of the flat was done on 27th June 2013 for Rs 48,07,992/ only.My daughter paid Rs 5.0 lac on01/02/13 as booking amt followed by Rs 3.0lac & Rs 1.0 lac on 07/05/13& on 22/05/13 respectively.Bank paid Rs42,06,073/as the balance amt at the time of registry beside also bank paid the stamp charges.
Now should I attract TDS on this property.builder says that the total price of your flat is Rs51,48,559/ inclusive of Rs1.5 lac as parking charge,& Rs42000/as interest free maintenance security deposit.
My point is that since the registered value of flat is only rs48,07,992/ the TDS is not payable.Pl clarify,
Warm Regard
krishna kant



Anonymous
02 July 2013 at 19:25

Audit

what is difference between statutory audit & tax audit & what is turnover limit for each of them?



Anonymous
02 July 2013 at 19:23

Audit

what is statutory audit & to whom does it apply & is there any turnover limit for that?


manojkumargupta
02 July 2013 at 19:14

Hra and home loan

Sir
i have taken ahome loan and getting housing loan benefit.
The house is located in my city of work place.But i live with my father in other city
The house is registered in my wife name whose emi i am paying.
Now i want to pay house rent to my father in other city(house in my father name)
Can i do the same and claim both hra and house loan benefit.
Kindly help



Anonymous
02 July 2013 at 19:04

Journal entry provisions

Greetings members , I have a query for journal entry on provison for landfil site ie the previous year provisions (Balance sheet) was R28 million and the current year is R23 million ,

So what entry to process , do we debit provision by R5 million(Reduce the provision R28 prior year - R23 million current year) and where the other leg (credit) must go?

Thanking you in advance,


amit pethad
02 July 2013 at 18:45

Articleship transfer

sir, i am a article trainee under a particular firm and our that firm has been closed and new partnership firm has been formed so, can u explain me the procedure how to get registered my article training under the new firm or it will automatically get transfered


vipin

pls tel me a complit detail about frm and salary paid






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