Employee is working in Pvt Ltd company at 35000 pm & company pays salary by cheque to him.Now to avoid tax for employee, company is planning to show the wife of employee (wife is a graduate & doing Distant Learning MBA) as consultant or data entry opeartor in company books on part time basis. The company wants to pay a cheque of Rs 30000 in employee name for salary & balance Rs 5000 in wife's name as contractual/professional fees.Employee & wife will show the income in Income tax return alos.

wife has no other income.

What precaution to be by company and employee before doing so? what about TDS?

Plesae advice.

Regards
yogesh Modi

Under section 314(1B) for the appointment of relative of director in the office or place of profit no limit is pescribed. There words are used sum as may be pescribed. What should be the limit when rule 10C of Central Government(General forms and Application) Rules pescribed the limit of Rs. 20000/- and Director Relative(office or place of profit) Rules, 2003 pescribes the limit of 50,000/-.
My contention is that when theres is specifically rules for such appointment why we should look after any other rules and limit should be Rs. 50000/-. Is it correct?

Dear Sir,

My client is running business in boarding and lodging. We hire taxi from the travels to pick and drop the guest from and at the airport. Sometimes we even hire taxi to take them to several places. Should we deduct tax on the payment to the travels?

The manager of the hotel is paid Rs.18000/- pm as salary. Should we deduct tax on the salary? To what extent is HRA deductable?

Kindly advice

Regards,
Priya

We are importing certain services like designs, drawings etc., for which we, the recipient, pay service tax.

Afterwards, foreign service provider visits India, in connection with Design and drawings already provided. For this, foreign is not entitled to get any fee. However his cost of staying in India, travelling expenses (flight charges) are reimbursed on ACTUAL basis. Will this reimbursement of expenses will come under Service tax net.

hi

1)what is accural and what impact it as
2)when closing stock will appear inside the Trail balance and when it will appear outstide the Trail Balance. what entry will be made in the books


Regards
ramanathan

wanna know what is the limit of turn over of speculation business in tax audit?
just had look in one of the tax audit book which says turnover include sale of shares & securities. for the purpose of 44AB the difference of between the sales & purchase of shares if it exceeds 40 lacs then it is under in tax audit. but even it is also has one exceptional case in mumbai high court.
so what is exact limit & how it is to be consider?

In case a trading firm imports goods is there any rule as regard to booking the purchase at the rate prevaling on the date of Bill of lading or rate on the day on which documents are released by the importers bank.

One director who is subscriber of share in MOA of a pvt. ltd. wants to transfer the share to new appointed director, in such case what will be procedure ?

If we r articleship student then is it our duty to clean office, collect money fron clients going there palces , also another type of work ?
we r there to learn something instead of this work?
but we r given only vouching since 6 months
can we complain any where without telling the name of CA?
Or any other way to handle this problem?
Plz help out

Sir , I am a PCC student.I had filled form 102 for 18 months only and it will
be completed in march 2009 , I want to know that i had attempt Nov. 2009 , then i had to join articleship from april 209 again or after passing PCC exam . Please help me in this matter ,

Thank you in Advance