Hi,

My company reimburses to employees Driver Salary exps on actuals as a part of their CTC. The Car is not company provided. I want to ask whether such reimbursements attracts FBT or the same is taxable in the hands of employees. Does it make any difference if the car is company provided.

Thanks,

Gurmeet R

We have a bank guarantee given by our contractor for Rs.7 Crores. The BG is valid for 3 years (up to 31.03.2011). The bank has charged a commission of Rs.22 Lacs in 2008. Now if would like to reduce the BG amount to 5 Crores. I would like to know whether the bank will revise/refund the commission accordingly. Or will they cancell the original BG and consider the new BG as fresh?

I have got my termination form 109 signed on
30.04.2009.i have not yet submitted 109 form.
If I take Article ship in another city,and submit my form 109 & 103 together in the institute will it be accepted? though my parents are not shifting there.
what documents i have to submit along with form to get my article ship approved .
where the form should be submitted?

hi,
we are in the shipping management business , we manage ships on behalf of ship owner, whatever we spent for expenses ,it is reimbursed later. can we take this as input credit on expenses like telepone, electricity etc.moreover, i would like to know whether our services will be taxable in service tax as we are providing our services to london .

What was the last date to file the return in case of individual for the assessement year 2007-08. who is the director in a co whose accounts should be audited.

dear all

it is given in the act that depreciation is mandatory to claim.

one of our client has motor vehicle used for business purpose but in his it return on a.y 08-09(wdv on 01/04/07 rs. 258376) depreciation is not taken.
is that okay if not
what will depreciation for 09-10???

Dear Friends,
Our company is Project Based Company.
We have taken a project.
We have given the whole contact to a sub contractor.
we have issued a Sale Bill of Rs. 6 Crore on our client.
The sub contractor has issued a bill of Rs. 7 Crore for the same project.
Can we book the whole Rs. 7 Crore Exp in the F Y 2008-09 or shoule we defer Rs. 1 Crore to next F Y?
The Project will be completed in the F Y 2010-11 & we are expecting overall profit from this.

When tax is deducted and amount on credited on the account of the recipient as on the last date of the account in year (31st March)

when is the due date of deduction of TDS?

pls provide me the relevant circular/notification

is it enxtended upto 30th september

A manufacturing Unit purchases an AC for its office and bill includes VAT also. Can it take the Input credit for the VAT amt paid?

A manufacturing unit has the liability to deposit Excise & it takes Cenvat credit upon its purchases. Now the situtation is like this that on Purchase of Raw material it is paying excise @8% while on finished goods it is collecting excise @4%(as per excise rates). This way, his Cenvat credit goes on increasing every month & a huge amt as Cenvat credit is appearing as an Asset in his books which although can't be recd from Deptt. What should the co. do so that correct picture be shown in its Final A/cs?