My residential Co-op society has set up mobile tower on the terrace and the income generated from the same is applied for meeting the expenses of the society such as payment of taxes or establishment expenses or maintenance expenses. In this case what would be the income chargeable to tax of the society. The gross amount received as reduced by the expenses incurred or the gross amount received itself. The society has reduced the contribution from members to the extent of the income generated as above

In this case the society members are the participants in benefit but are not the contributors hence such income does not come under the concept of mutuality. Is the application of the income for the objects of society deductible as expenses

1)Mr. A is retired from prakash pvt.ltd. details are as follows:

Current basic Rs. 30,000/- P.M.
Date of joining : 01.04.1972
Date of retired : 31.03.08
No. of years completed service: 36 years & nil months
Calculation of gratuity :- 30,000*15/26*36 years i.e. Rs. 6,23,077/-

My question is whether Mr. A is eligible for full amount of gratuity Rs. 6,23,077/- or not? because company is gives gratuity to Mr. A only Rs. 3,50,000/- then what about the balance part i.e. Rs.2,73,077 whether he is entitled get from company or not? pls. explain with example.

Gratuity & PF received is taxable in the hands of Mr. A?

2)Nursery fees paid is eligible u/s 80C or not?

I want to know that B-COM Pass student can do CA. If yes what is the procedure.

I have Income form salary as well as a small income from the Insurance commission Rs. 18000/- but have the expenses for same amount. I want to refund the TDS on insurance income. should I file the return through the ITR 3 or choose itr 4 ?

ITR 4 is very lengthy form.

Because I am not doing any business or profession under the proprietary Business

Please advice me

Regards

Rajesh Jaiswal

We are taking 50% credit of cenvat and CVD paid on capital goods. What about 4% additional duty paid on capital goods imported. Should we take 50% or can we take 100%. If we can take 100% is there any trade notice or notification to support this.

We have made sales to Chennai Port trust and the buyer has deducted additional VAT as required under Section 13 of the Tamilnadu Value Added Tax, 2006 and issued us the Certificate in FORM -T for claiming. How i can claim this VAT Amt. which is in addition to VAT Charged in our bill as per Gujarat VAT Act ??

What is the procedure for winding up of a pvt Ltd company voluntarily?

Dear All,

Pls. guide me about maximum wages limit for deduction of E.P.F (Employees Provident Fund. Means if any person wages exceeds the limit than no requirement of e.p.f deduction.

As per E.P.F Rule any wage limit is fixed or not.

For example , E.S.I.C maximum wages Limit is Rs.10000.00

Pls. help me with details.

Regards
Bishnu Deo Sharma

I have made registration of CA Final Accounts in May 2009 batch of Praveen Jindal which will commence on 02/06/2009. Attending this batch for me is not possible, so I want to transfer this batch.
I have paid all registration fees of Rs.11,333/-. If anybody like to take this batch, please free to contact me at this number at the earliest :
Mob. 9899804990.

I have one work sheet whith one list. Let us call it list A.



I have some workings in another sheet. (Say B)



I have linked(Given reference) of A to B.



Now I would like to ensure that every thing in A is mapped/ linked to B.



How to do this without checking each link which takes lot of time? Are there any shortcuts for checking this?



Thanks