Dear Experts,

Please suggest the Correct Accounting Head to be Charged agst. Monthly Payment of INR 3.50 Lacs paid towards Lease rent for an accomodation provided to a Director in a company.

Thanks!

Sr. 1. Whether lineal ascendant/descendant includes from mother’s side too ?
(if answer to Sr.1 is YES, then query at Sr.2 hereunder is resolved..)

Sr. 2. If not, then whether Gift can be received from maternal parent say nana under clause relative ?
(if yes, Give reasoning / analysis clause wise…)


As according to my analysis, answer is NO. as under
----------------------------------- -----------------------------
Clause V will cover :
Father,
Paternal Grandfather (Dada),
Son
Daughter
Sons's Children
Daughter’s children
and so on.

Clause VII will cover spouse of above i.e.
Mother
Grandmother
Son's wife
Daughter's husband,
Son's Child’s spouse,
Daughter’s Child’s spouse..
and so on.

Mother's father is not fitting in any clause..
(it is understood that lineal ascendant does not cover mother’s side… )
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Clause VI covers all of above from spouse’s side (say wife’s side) i.e. Father-in-law, etc...

Hello All,

I have downloaded the form 16 file from tdscpc after filling the 24Q for Q4. When i started generating the Form16's it only generated for the employees for whom the tds was deducted in the previous year.

My question is how to give Part A of form 16 to employees who has NIL tax liability. OR do we need to give only Part B to those employees.

I am confuse. Please guide.

Hello,

I am an Associate member of ICAI since April, 2012. last year I got moved to Canada and staying here now. This year would be the first time that I have to pay the membership fees. Please let me know if I can pay the fees online? what is the fees amount and last date for payment? (I do not hold a COP). Also, I wanted to know how do I change my address to the foreign residential address? I tried with the "change address" link in the "membership" tab but there it is mandatory to also write down the professional address and I am not working right now (I do not have a professional address). Your advice will be very helpful.

Thanks in advance.

Best regards,
Saoli Chakraborty.

A Company provides relocation allowance which covers the following:
1. Cost of Transportation of Goods
2. Purchase of Household goods

Besides above it also provides:
1. Hotel stay for a maximum of 15 days
2. One Way Travel cost for self and dependents up to maximum of train fare of 2nd AC Tier

It doesn't ask for any receipts.

Please suggest what is exempt and what's not.

sir,
is there any exemption in cs computer training for ca article students who have already completed 100 hrs itt training as per icai rules?

and are there any exemptions in cs executive program papers for students who have already passed ipcc?

DEFINITION FOR 8 % PROFIT AS PER IT ACT

HOW CAN I CALCULATE NET

PROFIT

CLARIFICATION (SALARY TO PARTNERS & INTT TO PARTNERS )

For LTCG on Property transfer, which value is to be considered - Sale deed agreement OR Value as per Stamp duty paid / Circle rate applicable at the time of sale/purchase.

Please advise.

Thanks,
Kapil

Dear Sir/Madam, how to remember all the list of Donations ?

purchase shares when they were unlisted i.e in the year 1980. the shares where listed in year 2000, sold the shares in the year 2013 through Dmat.will there be any tax liability