please explain me tds to be deducted on director salary whether it is covered under section 192 or 194j1b. The company is only providing the salary to the director of the company like other employees of the company & no other incentives, sitting fees whatever any other name is received by the director of the company.

Payment of club membership fee(Entrance fee) is done by company on behalf of director cum promoter,Membership is in personal name of director and not in the name of company. Whether it should be treated as perk and added to salary,is it an allowable Expenditure in the hands of company?

Sir,
I am salaried person , My Total Income from salary & Other income is Rs 223012.00 & tax amount is Rs 970.00 but TDS deduct from salary is Rs 1000/- As per 26 AS for the A/Y 2012-13.
I have filed ITR -1 on 31/3/2013 but due to Internet problem My return upload on 31/3/2013 at 12.05 am so that sytem generate PDF file ITR V & Date mention 01/04/2013.
In my case for filing ITR 1 is mandatory or not. I want to know Can I penalized by I Tax deptt.

SANDEEP KUMAR
DELHI
9811578637

I have started my articleship on 16th August 2012 and want to take transfer but the CA is not allowing me to take transfer. Whenever I tell him for transfer he says that there is a lot work pending so I cant give you transfer these days, come after a month and when I meet him after a month for transfer He repeated that a lot work is pending. As my 1 year of articleship is not completed yet please reply fast what to do to take transfer??????.

Please reply fast.

Hello,
I have taken a housing loan last year and the construction is also completed during last year itself. Now the question is what is the treatment given to the interest for last year? Prior period interest or current year interest?

Note. EMI started immediately after loan sanction.

I want to know the number of courses allowed to do along with articleship.
I have submitted form 112 for doing B Com along with my articleship form.
Can I get another form 112 and do CS along?

Pl reply soon.. Thanks!

sir

my articleship completes in 11th july 2014
so would i be eligible for industrial training from exactly july 2013 to october 2013.Would it be ok if i start the training a little before that date or after that date.

Hello, I want to start a private escrow business. I have a lot of doubts and queries.

Is Escrow legally allowed in India? Is it allowed only for Banks etc. Can I register a Pvt Ltd Company with nature of business as Escrow. Is there any accredition company or other agency to certify escrow companies for operating in india?

Any help will be appreciated

Section 2(24) of I T Act, refers that the value of any benefit or perquisite, whether convertible into money or not, obtained from a company either by a director or by a person who has a substantial interest (20% or more)in the company, or by a relative of the director or such person, and any sum paid by any such company in respect of any obligation which, but for such payment, would have been payable by the director or other person aforesaid, shall be treated as "Income";
My query:
1) Is substantial interest meant for holding of a single person or inclusive of all relatives?
2) Suppose substantial interest of husband & wife taken together is more than 20%, but their individual holding is less than 20%. Will it attract provisions of 2(24)(iv)?

I want to know about the tax treatment of the Non-refundable Earnest money received by the land owner from the land developer after execution of the land collaboration agreement & the flats/township is expected to be completed in 2015 end. Is it a capital gain to be deposited in the capital gain account or is there any restrictions on its Utilization. How can it be dealt with & what are the consequences if it is utilized in contradiction with the law. please suggest me with your superb advice?

Also suggest me any book regarding this?