CA Namrata Shetty
04 December 2008 at 12:01

Deemed Dividend u/s.2(22)(e)

Mr.X is a shareholder in M/s.X Pvt. Ltd. having more than 90% of holding.He has taken loan from the company.What should be the exact amount that should be taxed in the hands of Mr.X as deemed dividend.
Option A - As per assessee - Maximum o/s.balance in the loan a/c. during the previous year. or
Option B - As per A.O. - All the amount given as loan during the year excluding the opening balance should be taxed as deemed dividend.


Chesham
04 December 2008 at 11:58

Section 80ID

Can someone let me know the tax planning options with Section 80-ID if I have an already built old hotel in a specified district with a world heritage site?


Govarthan. P
04 December 2008 at 11:55

Industrial training

i am willing to go for industrial training but my principal is not giving me the termination and he is saying we are bound to do the articleship for 3 years under him.Can i approach ICAI in this regard? Is there any any restriction that i can go for industrial traing only if the principal allows. Is it sufficient if i give 3 months notice?


FAREED AHMAD KHAN
04 December 2008 at 11:46

offer letter

can you help me out in guiding me how to issue a offer letter to appoint a statutory auditor for a non-corporate
body


Govarthan. P
04 December 2008 at 11:46

TDS on Rent

at what rate tax has to be deducted on the rent payable to a private trust. is there any difference if any one of the beneficiaries of the trust is not an individual?


khushboo nangalia
04 December 2008 at 11:35

Fringe Benefit tax

Whether FBT is applicable on Membership subscription, exhibition expenses, Uniform expenses (Washing & alteration), uniform expenses (New), Recruitment & training expenses, recruitment consultancy fees, books & periodicals, Newspapers & Magazines, Pooja expenses, Keyman insurance policy, Hotel & Food expenses (local)


yogesh
04 December 2008 at 11:34

Housing Loan Interest

Housing Loan on same house is taken by Husband & wife jointly with 1st borrower being wife
can loss from house property of Rs.150,000 (interest) be claimed by each of the borrower? ( i.e. Rs. 300,000 )
whether it can be possible to claim loss from house property (Rs. 150000 )by wife for initial years and later by husband if only Rs. 150,000 is allowed


khushboo nangalia
04 December 2008 at 11:28

Fringe Benefit tax

Whether FBT is applicable to units located in SEZ area


khushboo nangalia

Deduction available u/s 35 for inhouse research & development - whether the same is available for all expenses including foreign exchange fluctuation & bank charges or it is limited to some extent


Jitendra Mehta
04 December 2008 at 11:22

Insurance Premium

The insurance premium paid by Employer on behalf of an endowment policy taken on the life of the Employee, is subject to tax in the hands of the employee or is subject to FBT. If subject to FBT, under what head and what % of this will be the value for calculation of FBT.






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