In case of Private Company if a Director is appointed in 2004 and he submits his DIN2 during the current period, then is there any penalty to be paid by Director or Company.

Can any one advise for best direct taxation books in market and from where I can purchase this book....

sir , As f.b.t is removed now , what is the implication of tax on life insurance policy is given by employer to employee.

case study :

employer is buying a life insurance policy for employee & paying premium for 3 years but it will assign the policy to employee only if employee dont left the job for 3 years otherwise employer will surrender the policy for cash.

weather employee has to pay tax now or only at the time of assigning the policy ?

& on what value of the policy , employee will have to pay tax ?

pls clarify.

with regds

Rupesh shah (ACA)
mob : 9819556886

can we do mba along with articalship training.......& if yes then regular mba or distance learning only

1. Total sale proceeds is Rs.90,00,000/- wheather section 44ab applicable?


2. Assessee is a partnership firm with objective to carry on only agriculatural activity. Is there any bar on calim rebate for agriculatural income.?

Dear Experts,
Can u tell me wether interest paid on service tax is allowed as a deduction while computing business income,Plz give proper ref/Source.
Thanx in advance

I joined my articleship on 22nd of dec 2006 and my articleship will complete on June 2010. I cleared my PCC exam in Nov 08.Till my pcc exam i have taken the leave for only 42 days. After that i took transfer on 22nd of April 09. My final attempt will be in nov 10. I want to know that for how many month i will be elligible to take leave for my c.a final exam. Pls tell me the maximum leave that i can take without extending my articleship

Hi,
It is in the air that transfer of articleship is valid. Is it true! Please provide documentary proof.

Company fail to deduct and pay TDS which is related to November 08, later on TDS deducted in March 09 and paid in June 09, in the present case whether disallowance u/s 40(a)(i) will apply ????, case is purely related to foreign transaction. Here foreign payment still due. My understanding in foreign transaction also TDS have to deduct at the time of credit or payment which ever is earlier, here credit was in Nov 08 and TDS deducted in March.

Respected sirs,

Please clarify how to maintain Excise books in Tally, any new versions are launched in Tally (Excise) pls give the help files are tutorials.

thanks with regards
M.SenthilKumar
nithyveni@gmail.com