Dear Experts,

Please help me on the following issue, if seems justifiable.

1. In entertainment expenses, hotels bills, club bills (up to Rs. 2500/- per month) are free from the ambit of FBT if bills are in the name of employees.
(Because they cover in Perquisite u/s 17(2) (iv) or otherwise.( any other logic)


2. Conveyance Reimbursement for discharging the office duties and obligation are free from FBT or not (I couldn’t able to understand)
If yes (then why not Tour and Traveling)

3. If running and maintenance exp. (including fuel / petrol expenses) not attracts FBT (on other than Car and Aircraft) like bike, then under which head this expenditure should be booked. (Under conveyance or in any other head which doesn’t attract FBT)
4. Car Driver salary attracts FBT?

5. Reimbursement of Private Journey bills are exempt from FBT because covered u/s 17 (i) (iv) but what is the logic to the extent of Rs. 84000- P.A.

Looking forward to your reply.


Rgds/-

Anil Jain
9818 921865

Dear Sir/Madam
For filing annual return for the year 2007-08 which SRN NO. of Form 23B to be filled, i.e of 2007-08 appointment or of 2008-09 please confirm

Rgds
Puneeth

i am studying CA(pcc).my attempt is Nov 2008 but due to health reason i am decided to write may2009 attempt and i am continuing my articles without leave.if i written november attempt, my final attempt is 2010 november.if i am writting 2009 attempt when i can give final attempt.

What is the meaning of Junk Bond ?Give any example of it.

Rent received from cell sites ( mobile tower on top of residential property) is clubbed under Income from House Property. A case law to this effect is required
The assessing officer is contending to consider it under Income from Other Sources

This is a query I have seen floating in various forums, which unfortunately remains unaswered. Assuming that an individual gets a gross package (cost to company) of Rs. 50 lakhs per annum. What is the best possible salary structure which will ensure that he pays as minimum a tax as possible.

Dear All,

If X company has statutory auditor already in place but now the company wants to appoint Internal auditor, then can company appoint the same without prior notice given to Statutory auditor and what is there any turnover/share capital ceiling to have the internal auditor appointed?

Pls. let me know if a married woman receives a gift from her father in law more than for Rs. 25,000 will the same be taxable?

If yes the why?

Regards,
Shefali.

respected sir,
my self sreekanth
am completed my PEII in nov-2007 and iam in my article ship training and frm some of my friends i heard about industieal trainee. i want to go through that pls suggest me the requirements and sources to get an opurtunity in that respect is it effects any of my leave period during articles. pls peovide the information iam so thank ful to u
thanks in advance

Dear All

A Pvt Ltd Co. is registered under service tax. The head office of the company is in delhi.The company has unutilised cenvat credit of Rs. 10,00,000.

The company has also taken a service tax number in mumbai.and providing service, but the co. is no where registered under R.O.C
now the company wants to change its registered office from delhi to mumbai for which petition is filed in court.

So How should a company utilise its unutilised cenvat credit.

Plz state sections and rules also so that the answer can be proved
NOTE:
As per Rule 10 of cenvat credit rules,can we say THIS A MERGER?



thx.

Shweta