My company has a Staff welfare plan that if any employee die before his retirement, then his nominee has a option to REFUND the Gratuity and PF amount to the company and company will give to the nominee per month a sum equivalent to the last basic salary of employee till his remaining service period. and at last total deposited amount will be refunded.

For example : "A" was an employee. His retirement age was Jan 2022. But he dies on 30th April 2012 when his Basic Salary was Rs. 20,000. His nominee "B" refund his PF and Gratuity amount to the company.

So Company will give Rs. 20,000 per month to "B" till Jan 2022. and on Jan 2022 Co will refund the Deposit amount.

Now please tell me, whether this Rs. 20,000 p.m. is taxable in the hands of "B". and in which section TDS will be deducted.

Points to remember :

1. There is no employer employee relationship between company and "B".

2. PF and Gratuity in the hands of nominee (in case of death) is exempted. But here "B" is returning the money.

3. What disclosure needs in final account.

Thanks please reply soon

i had joined the article-ship at 25.03.2013 and due to unavoidable reason i can't submit the form at 23.04.2013.
i want to know that D.D. will be made by Rs. 2100 or 2000+100

its objects are as follows:-

1. To carry on preparation of plan, design, drawing and estimate of civil construction work, construction of all types of civil works of Government and Private sectors, supply of civil, electrical and mechanical materials to Government and Private, promoting of civil construction work and purchasing and selling of constructed building from Government, to provide civil consultancy, participate in the tenders of Government work, dismantling and selling of old building bought from Government by tender

please send me a draft moa and aoa for this objective

thanks in advance

A indivisual assessee is carring on two business( Trading) of different nature out of which tax audit is applicable to one business and not applicable to another. My question is that whether Tax Audit is applicable to another Business to Which its Turn over is below Rs 1,00,00,000/-.

Dear sir,

our company landload raising a bill for the electricity charges seperatly along with service tax and in agreement between tanent and landload also describe that electrcity chrg will be paid by the tenant
the question is should we deduct the TDS u/s 194c (contract)@2% because landload also chrging service tax on bill.

Please ans. it urgently with supporting (if possible)


Thanks and Regards
CA Sandeep Kumar

Hi
I was filed ST3 return for the period july to september 2012 on 10th april 2013. The status of XML is "FILED" but i cannot able to take printout for ST3.
In veiw Original ST3/ view ST3 there is no records available. Pls suggest what i have to do for this issue

Hi
1 ) By over singht by staff has paid Rs 2,25,000/- in different TAN & IN another case RS 1,40,000/- challan amount bank has mention wrong TAN

pl sugges how do i rectifiy this both TAN CORRECTON .

In FY 2013-14 Excise return should be submit before 30.04.213.

Pls. clerify to me which year related this returns it is 2012-13 ? and then filled in 2013-14.

Can an assessee withdraw its claim of deduction u/s.80IA by filling a revised return of income and claim the same in subsequent years but there was not any omission or wrong statement in the claim made by the assessee.

Hello experts

I have my attempt in May 2014. I am doing my articleship from a big 4. I want to score a rank in Ca final. I have only 2 hours available for study in weekdays due to hectic articleship. I can strech upto 8 hours on weekends. Please tell me how should start approaching my studies to get a rank in CA final?

I will get leaves in the month of December 2013.
Please help me on this.

( I have scored 22 rank in IPCC May 2011)