Ramesh owns a property.It is given on rent (rent being Rs10,000 p.m)to a bank.Municipal Value of the property is Rs 1,50,000.Fair rent is Rs 1,60,000 and standard rent is Rs1,50,000.Municipal tax paid by Ramesh is as follows-

Rs 26,000 on March 3,2008 and Rs 35,000 on May 10,2008.On May 1,2008 rent is increased from Rs 10,000 to Rs 15,000,with retrospective effect from 01-04-2007.Arrears of rent 2007-08 are paid in May 1,2007.what is the income chargeable to tax for the Assessment Years,2008-09
and 2009-10.

pls clarify regarding this.

Advance Thanks

GIRISH.

plz advice me on accounting for lifemembership fees received by trust for publication published by that trust.
some times trust received annual subscription also.

how can i recognised income of that trust

During the previous year ending March 31,2009,Mohan a salaried employee(age 40 years)received Rs3,00,000 as Basic Salary and Rs 20,000 as arrears of bonus of the Financial Year 1994-95.During the previous Year 1994-95,Mohan has received Rs 50,000 as salary.Mohan deposits Rs2000(during 1995-96) and Rs10,000(during 2008-09)in Public Provident Fund.

Pls clarify regarding this.

Advance thanks.
GIRISH.

SUGGEST ME THE BEST WAY TO UTILIZE THE TIME REGURLARLY FOR FINAL COURE. I AM UNDERGOING ARTICLESHIP AND MY OFFICE TIMING IS 9:30 - 6 : 00

Query regarding vouching...!!!

What is the purpose behind checking Journal vouchers, when all the documentation is done with bank payment voucher???

hi

can someone tell me about best reference book for ca final course

shall education cess be calculated while providig for provision of MAT ?
Plz guide it's toooooooooo urgent.

If A is a manufacturer and doing export. A is also doing deemed export by clubbing with B which is an other company of A it self only. Now I want to know what kind of benefit will be there for A in the case of sell tax.?

Second thing, A is exporting the Material under UT-1 in DEPB scheme while A it self taken a B1 bond on behalf of B as here the ARE – 1 is made combined & signed by both the authorized signatories A & B. in this case A will file proof Of Export as it has taken the Bond on behalf of B.. is this correct?

And now A wants to file CENVAT refund on the basis of export as it is not in condition to utilize the CENVAT of its account.. Now CENVAT can be calculated on the Domestic Deliveries/Invoices which A has made to B or A should calculate the CENVAT on the Export deliveries that B has directly made to the Buyer?? Please clarify with the Rules…..

hello
my client is a pub. ltd. company and this com' accounts got audited during the financila year 2008-09 for 5 years. audit fee P.A. is 20,000/-. and the payment was made consolidated Rs. 100,000/- without deducting any TDS. C & AG had make querry on the TDS.
in this case, what are the remedies to avoid the TDS liabilities.

thanx in Advance
CA Amit Bansal
caamitbansal2007@gmail.com

Sir,

What % of TDS to be deducted for payment towards Professional Fees for services rendered by a company based at UK ?

Please help me out....