If an employer give Rs 1,00,000/- to an employee for his marrage in which head it will be taxable.
There are two cases
1) If it is the policy of the Company.
2) If it is not the policy of the Company.
If it is in kind will there be any change

I purchased a Motor Car Rs. 4 lacs on 1.4.2007 for my personal use. I have taken this amount F.Y.07-08 for the calculation of Wealth Tax. do I have to take this same amount(Rs. 4 lacs) next all F.Y. till dispose of car for Calculation of Wealth Tax of Individual?

can we register for final even if we have not cleared pcc??????

A Pvt Ltd. which is registered under MVAT for its manufacturing facility in Maharashtra, set up another manufacturing facility in other State.

Is it required to include the new manufacturing facility in another
state as an additional place of
business under MVAT registration to the
Rerturn Branch ?

Dear experts,
i want to take complete knowledge of construction accounting.
so kindly please suggest me best books on this subject with good deep knowledge book name and author name.

thanks
Ravinder

Pls tell me, wether excise duty/service tax is includable in Turnover/Sales or not

Hello Sir
We are an pvt ltd company in building construction trade.can u plz clear a query.....?
Our company is taking over a partnership firm of the same trade,after the takeover completes will our pvt ltd firm will be able to use the old credentials of the partnership firm.Credentials here means all the past work completion certificates issued to the partnership firm by the various departments where it worked earlier.
if not so,is there any way by which the pvt ltd company will be able to use the old credentials

Dear colleagues : Please favor me with your professional replies to the following query:
---------------------------------------------
We are a small Pvt. Ltd. manufacturing Company. We have taken foreign currency loan in US $. Part of the loan is for purchasing capital assets & part is for working capital.
For the purpose of Balancesheet as on 31-3-2008, the outstanding loan amount is converted into Indian Rupees at the rate prevailing on that date. This has resulted in NOTIONAL exchange gain as the Rupee was appreciated vis-à-vis $. (i.e. the outstanding loan liability in terms of INRs is reduced).

Please advise whether income tax is payable for F Y 2007-08 on this NOTIONAL exchange gain. If yes, please inform:

(i) the relevant Section/Rule/Notification reference,
(ii) the tax implications, in case the Rupee depreciates subsequently as compared to 31-3-2008 at the time of making the actual repayment of installments & the actual amount repaid in FY 2008-09 is MORE than its relevant balancesheet amount.


Thanks & regards

Vishwas

It is proposed to introduce GST in 2010.
My question is
1 Will it impact the import into India,if so how?
2 How will GST affect the exports which are presently exempt from all types of taxes/duties ie excise,sales tax etc.
3 Is it confirmed that GST will definitely be implemented by 2010.
Thanks
J Kumar

Dear Sir,


With reference to above subject I have invested in NSC. Interst on NSC is taxable or not ?

With best regards,


Vilas Choudhari