Arul Kumar
18 June 2013 at 13:46

Exemption u/s 80c

Dear Experts,

To avail tax exemption, should I consider insurance premium with service tax or without service tax component u/s 80C ?

Thanking you,

Regards,

Arul



Anonymous
18 June 2013 at 13:45

Issue of debentures procudures

Dear Professionals,

What is the Procedure for issue of Secured/Unsecured Debentures?

Please advice its urgent

Regards

S.Ramesh M.Com.,CA(Final)CS(inter)


RAVI PATEL

I want to know whether tax audit is applicable in below situation for the f.y. 2012-13??

Purchase : INR 1,05,20,400
Sales : INR 78,44,250

Even i want to know the defination of turnover as per income tax act,1961.


Prince Agarwal

Suppose a Private Limited company has taken certain amount from an individual who is an outsider say Rs. 25 lakhs. The company is using this amount for buying and selling goods.What should a company do so that it does not Violate the Companies Act and Companies Acceptance of Deposit Rules, 1975? Should it return the money within certain time period? Should it make that person a sharholder?Can it show as advance from customer against order but returned?

Or any other option to avoid violation?



Anonymous
18 June 2013 at 13:20

Exemption on medical reimbursement

My income from salary/pension is Rs. 70,000/- whereas I have received medical reimbursement amounting Rs. 56000/-.
Since my income from salary do not exceed Rs.100,000/- What will be the exemption on medical reimbursement perquisits u/s 17(2)? All 56000/- or restricted to Rs. 15000/-only
I have income from other sources in the order of Rs. 300,000/-(outside basic limit).
I read in the "Information Booklet for salaried & pensioners" (sec 5.2)that all perquisits will be exempt from tax if income from salaty do not exceed Rs. 100,000?-
Please advise


Sandeep
18 June 2013 at 13:15

Signing of balance sheet

Dear All, Now since video conferencing has been allowed, can a balance sheet approved through video conferencing be signed by two directors sitting at different places by fax or email (one at delhi and other in mumbai) before forwading the same to the auditors as per section 215 and then adopted by the board in the same meeting after getting the scanned/fax copy of auditors report in the same board meeting. For example: Is it correct to sign the balance sheet in the following fashion: During the board meeting the MD signs the balance sheet send the scanned copy to delhi for signing of other director other director signs it and send it to auditors for audit report and finally auditors sitting in delhi give report to the board on the same day on the basis of scanned copy. Auditor Managing Director Director Delhi Mumbai Delhi 10.06.2013 10.06.2013 10.06.2013 Regards

Read more at: https://www.caclubindia.com/forum/signing-balance-sheet-by-video-conferencing-253037.asp


jafeer
18 June 2013 at 13:09

Ipc course

AM I ELIGIBLE FOR IPC COURSE

1. I HAVE GOT 60 % MARKS IN B.COM FROM CALICUT UNIVERSITY (PRIVATE STUDY)
2. FINANCIAL ACCOUNTING - 48 MARK OUT OF 80
3. Management accounting. - 57 marks out of 80
4. Auditing - 44 out of 80
5. Law - 42 marks out of 80
6. Economics - 45 marks out of 80

Pls reply its urgent i want to register soon

kindly send reply to jafeer9961@gmail.com



Anonymous
18 June 2013 at 13:09

Regarding ipcc exam eligibility


Sir,
We refer to the captioned subject, in this regard i would like to know that how many months training period has to complete who has taken admission under direct entry scheme before 1st October 2012.

Is 7 months article trainee being eligible for IPCC exam?


Guest

Hi all..

For a good knowledge in Tax, updation in IT Circulars and Notifications and case laws are crucial. I have neither read them nor dont know frm where to get them. But wish to get knowledge or updates on the same. I dont know from where to start, or how to begin the process.

Need some good guidance on how to begin...

Thank U..


kunal
18 June 2013 at 12:59

Tds on immovable property

please tell can FORM 26QB filed twicly in a month?

from where to download Form 16B ?





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