An employee opted for VRS and claimed exemption of Rs. 5 lakhs u/s 10(10C) and offered the balance Rs. 2 lakh as Salary but also claimed Relief u/s 89 (1) on the balance amount by spreading the same in three preceding years. The Assessing officer while allowing the claim u/s 10(10C) disallowed relief u/s 89(1) on the ground that once exemption was allowed u/s 10(10C), no further exemption could be allowed in relation to any other assessment year in view of the second proviso to section 10(10C). Is the contention of the Assessing Officer correct?

Hi

Currently both of my Final Groups are pending (Old Syllabus), I am planning to give second group (Old) in may 09, if upto nov 09 (last exam under old syllabus) any one of the group is cleared under old syllabus, than do i need to appear only for 1 group under new syllabus or i will be required to clear both groups again ?

Pls revert on praful_trivedi@yahoo.com

Dear sir,

I want to ask that my attemp is due on nov 09 in old course and if i cannot clear ca final than can i give my may 10 attempt in old course or i will transfer to the new course
can you send me this information on my email id arptgarg1986@gmail.com

Dear Sir,

My company incorporated in 2005 and start production in 2006 . During thid period whichever expences made , that's capitalised . and that time we had F.D with Bank , on which we received interest . This interest we shown to " Pre - operative Exps ( interest ) under current asset. it's wrong or right . can I get any Case law against said transaction ?

Please help


Vijay

we sold goods Inter state charging cst @2% to the customer . but if the customer fails to sent c form of aginst sale invice we raised debit note of 10.5% on it. that time we transfer the differnece amt of 10.5% to cst @ 12.5% and made intry as below party a/c dr. to sale cst@12.5% is it right ? where the diffrence amt treated in P & L?

I am Mcom 1st class passed student. Now i am duing job in mfg. co. as a account assistant for last 2 yr. I have accounting experience for 3 yr. I have complite tally certified professional course of 6 month. Which course helpful to me to finding job in abroad. I am thinking to do SAP. any other short term course useful to me ?

How can we show the income earned from previous employer & taxes thereon in form 16 & the TDS return

My company has four directors, of which i have DIN of 2 directors only.

so while filling form 20B & 23AC if i give detials of 2 directors only who has DIN is enough or i have to first apply for DIN of those Directors who dont have DIN and then i have to upload Annual Return.

As new form 20B and 23AC required Director DIN

Plz tell me about the various schemes of MF such as what is open-ended scheme, close-ended scheme, equity-oriented or debt-oriented scheme. Also tell me about SIPs and ULIPs etc. in a simple language, plz don't go by act or law language.

I have a client and he is an Architech (Individual) I want to know turnover limit for Tax audit applicable. Will the limit change if Partnership Firm is formed?