IN PRIVATE LTD CO FOR THE YEAR ENDING 31.3.2010 NET PROFIT OF RS 31,05,069/- AS PER AUDITED A/C IS INCLUSIVE OF RS 14,00,000/- EXCESS STOCK DECLARED IN SURVEY U/S 133A DT 28.03.2010 AND SHOWN AS CLOSING STOCK AS ON 31.03.2010. FOR CLAIMING DEDUCTION U/S 80IB WHETHER NET PROFIT AS PER BOOK OF A/C 31,05069/- IS ELIGBLE OR DECLARED STOCK VALUE OF RS 14,00,000/- IS TO BE REDUCED FROM NET PROFIT & 17,05,069/- IS ELIGIBLE FOR CLAIM U/S 80IB PL CLERIFY WHICH IS CORRECT

my basic salary is 600000 which is inclusive of professional tax (200 P.M)and 80c deduction was 100000.out of this 80c i paid jeevan sugam 50000 and another premium of rs 56000 can i get an exeemption for the first 50000 jeeavn sugam

DEAR EXPERTS,

CAN A PARTNER BECOME AS AN EMPLOYEE IN A PARTNER SHIP FIRM , IF YES CAN HE GET BOTH REMUNERATION AND SALARY ?


THANK FOR UR FUTURE ANSWERS.

Sir

Should I deduct Professional tax from the salary given to Directors

Premnath

Dear Experts please tell me that what is the procedure for filling claim under duty drawback when Brand Rate was fixed by Excise Department.

my frd has received cash of r.s 2lakhs frm another person, and same deposited into bank..
against this cash he issued cheque of r.s 2lakhs,
how such transaction reflect in final a/c.he has business income & filing itr 4..
pls reply

We have importe capital goods under EPCG licence (Custom not 64/2008 dtd 09th May 2008).We have fulfilled export obligation and redemption also applied and waiting for redemption letter form DGFT.

Query:
1. Can we sale these capital goods before getting redemption letter from DGFT.

sir pl suggest me what is DIN No and what is the use of DIN no for Director.

pl suggest me how to prepare salary sheet and which contain should have in salary sheet (like basic,DA,HRA)and deduction and their proportion.If possible then pl give me salary sheet format as per Income Tax.

Dear Clubians

i want to know the ward, range, circle for it filling. means pan is in business ward, salary ward range etc for the following detail


PAN NO: AUTPA9933D
SURNAME: ASHOKKUMAR
MIDDLE NAME: ------
FIRST NAME: RAMLAL
AREA CODE: CHE
AO TYPE C
RANGE CODE: 115
AO: 1
JURISDICTION DCIT/ACIT/CIR XIII CN
IT OFFICE NEW BLOCK 121 UTHAMAR GANDHI SALAI CHENNAI