suppose there is any amendment in law or income tax, that will be applied to May 09 students ???

and applied then amended section list will be supplied to us????

the details of the situation are as follows
1.company is located in USA
2.the above company has wholly owned subsidiary in india
3.the CEO is a US citizen who is also one of the 4 directors
4.two Directors are indians and other two directors are from USA , one of them is CEO cum director
THE QUESTION IS CAN THE CEO, AN AMERICAN ,BUY LAND IN HIS NAME FOR BUSINESS AND RESIDENTIAL PURPOSE IN INDIA.
5.which of the statutes affect the above situations

whetther FBT is applicable or not on death cum Voluntary compensation paid to legal heirs of deceased employee since its part of staff welfare expenses.If not payable than why????????

wat shud be da ex rate at which goods imported & sold at high seas be recorded??

Hi

Please help me to solve this question.

D. Ltd. issued 2,00,000 shares of Rs. 100 each at a premium of Rs. 20 per share payable as follows:

On application : Rs. 20

On allotment : Rs. 50 ( including premium )

On first call : Rs. 30

On second and final call : Rs. 20

Applications were received for 3,00,000 shares and pro rata allotment was made to applicants of 2,40,000 shares. Money excess received on aplication was employed on account of sum due on allotment as part of share capital. E, to whom 4,000 shares were alloted, failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited and F, the holder of 6,000 shares failed to pay the two calls and his shares were forfeited after the second call. Of the forfeited shares, 8,000 shares were reissued to G at a discount of 10%, the whole of E's forfeited shares being reissued.

Q Application money adjusted against allotment = ?

Q Net balance in Share Capital account = ?

Q Net balance in Securities Premium account =?

Q Net balance in Share Forfeited Account = ?

Q Net balance in Capital Reserve Account = ?

One of my client deducted TDS on some payments during FEB 2008. Though he was supposed to pay the TDS by 7Th March 2008 , he paid the same in the month of April 2008. I wish to know in which financial year the amount paid shall be allowed as deduction.

if lfat is locked. can society charge for maintenance?????

please explane what it mean if a cheque marked "not negotiable" please if u may then give a example of it.
thanks

for may 09 ca final old course what ammendments are applicable in all subjects? is it true that upto 31st october ammendments are applicable in may 09?
please tell me all ammendments in all subjects

A EMployee is paid bonus of Rs.2 Lakhs in the month of Septmber 2008. The bonus paid is with a condition that if the employee leaves company before 1 year i.e. before say 30.11.2009 then he will have to return the bonus amount.

Suppose employee leaves the company before one year then whether this compensation paid will can be claimed as deduction from Salary income or else otherwise how to claim this as deduction?