what is the difference between salary & incentive salary? will be incentive salary included in gross total salary of employee.

Sold the very old assets of the firm, it comes a loss as per WDV. Can be adjusted in firm business income.

what is Ex-gratia? will it be included in employee's gross income and is it coming under FBT?

whether any deduction on account of tax can be made from salary advance paid to employees?

Sir, whether in house expenditure is not attract FBT: AND if , then any refreshment, lunch, breakfast which are consumed in office for office staff is liable for FBT OR NOT:

Also these items are served to AUDITORS , CONSULTANTS, VISITORS WHETHER THESE ARE LIABLE FOR FBT?

Dear All,

We are the manufacturers ready mix concrete in karnataka.
We have purchased the Transit Mixers (10 wheeler) which are used in transport of concrete to the cleints.

Can you suggest whether the transit Mixers bill vat amount take it as a input tax.
Whther it is restrictabel capital goods to avail input tax?

Kindly suggest according to the Kar govt vat and tell if there is any notifications in this regard?

sIR, IF TWO WHEELERS ARE IN THE NAME OF COMPANY AND ITS FUEL EXPENSES ARE ALSO PAID BY COMPANY , WHETHER THESE FUEL EXPENSES ARE COME UNDER FBT ? AND IF COMES THEN WHICH HEAD ? I.E. UNDER LOCAL CONVYANCE OR ANY OTHER HEAD?

hi,

i am using Tally 9.0 version as the financial year changed i want to create another file but for new file i am not getting the the back up accounting structure and balances from previous file. i can not post in old file as it was created only for upto mar31,09 and it not allowing e to post april entries.

so please help, thanks in advance.

Hi,

How does the " SERROR " function work in excel ?

if my policy matures after a specific period and i will receive the maturity amount. is this amount taxable?