Sir,

Our employee has submitted a mediclaim receipt to claim the income tax benefit.

This policy is in the name of his parents & the policy nowhere mentions the employee's name on it. However, he is claiming that the payment for this policy has been made by him only.

Now, what is the employer's liability in this regard? Can we admit this document as valid for IT relief ?

Reply urgently,

Thanks

Subhash

Advance given to a director who holds more than 25% of shareholdings of a private company should be treated as dividend as per 2(22)(e). If the advance given are in the nature of salary advance, purchase advance , toor advance etc then, whether the above mentioned provision will apply or not?

Mr. Y has taken education loan for study of MBA and his father Mr. X paid interest on loan of Rs.45314/-.

Can father claim the exemption of interest paid on Education loan of his son. Son is doing study and he is not able to pay the interest.

Pls help me.

Regards

BALJINDER SINGH

in the disqualifications of a auditor it was state that auditor has no relationship with the company... but ICAI giving its audited statements after financial year..
how could it possible...
who will audit the ICAI
what r their qualifications..
is they qualified under ICAI.. the have relation between icai and them.. then how could they audit the ICAI accounts

If employee getting HRA benefit from company and he is paying rent to his parents(father or mother)/wife. In such case, whether this HRA is fully taxable or he can get exemption as per IT law?

Please advise the tax liability and status where income earned by
Corporate out of its agricultural income, in addition to the commercial income, which are lied down in the memorandum and articles.

please
adivse

visuiyer@yahoo.com

An Assessee wants to file his return of income for 3 Assessment years namely 2006-07, 2007-08 and 2008-09.
In the A/Ys 2006-07 and 2007-08 the assessee did not possess the PAN card. He had applied for it on 10.02.2008 and received it on 15.03.2008 i.e., he possesses PAn card only for the A/Y2008-09.
The total income of Assessee as per the requirements of sec. 139(1)for different A/Ys is as follows:
A/Y 2006-07 : Rs. 60,000
A/Y2007-08 : Rs. 95,300
A/y2008-09 : Rs.102,000

now my query is "The Assesse wants to file his return of income for awl the three assessment years, what will be the consequences with him? and what should he do for mentioning his PAN no. in d return for A/Y2006-07 and 2007-08?

A Welfare Society (NGO)working for last 3 years and not filed its IT Retrn. However Surplus was aroung 50,000. It had not yet applied for 80G neither it has been registered under section 12A i.e. any exemption benefit. Now, i want to file IT return for the last two years.

1. Can anyone tell me whic ITR Form will be applicable? Is the treatment is like a Trust or an AOP.

2. And IS The normal Tax Slab would be applicable untill it apply for 80G?

3. Is FBT would be applicable untill it get registration under section 12A.

good morning sir,

i am a ca student, i have passed cpt of dec 2008 attempt with 109 marks(without maths), it was my ist attemp. now ihave opt ipcc, my coaching of ipcc is starting from 2 april 2009(in bareily), i am appearing for only group ist.

sir i want from u to give me some tips & tricks & specially what will be my study time table to qualify group ist in ist attempt. plz help me in preparing my study time table, i will be very grateful to you.


SHOBHIT CHANDRA

hiiiiii
i m pcc student {june 09 attempt}
can u plz tell me
purchase consideration can be in terms of debentures or not????

or in terms of cash, equity shares and pref shares only


please reply

i m doing revision of this chapters