Please clarify, should provision for warranty be disallowed while computing income from business or profession ? If yes, under which Section ?

Is there FBT on the medical reimbursement given to the employee which is considered as taxable benefit to the employee for his income tax.

please help me..
i have registered for cwa finals on nov 7 2007.my articleship period commenced from aug18 2007.and i completed my graduation on mar.2008.till now i didn't apply for any permission from icai to do other courses.some people told me that i have to leave b.com while applying for membership after my qualification..
can you please explain what are the consequences of this..and should i apply for any permission..if so,in what form..am i already delay in the process of seeking permission...please guide me..
thank you...

I would like to know the implication of section-212 of Companies Act, 1956 on overseas subsidiaries.Do we have to prepare balance sheet , profit and loss account , directors' report and auditors' report of overseas subsidiaries in accordance with companies Act, 1956 apart from the respective country's law or is there a way out for this??

What is Transfer Pricing and how it is applicable and what are the procedures in arriving transfer pricing pls let me know

Last Year our subsidiary was formed and the expenses was treated as Pre-operative expenses. This year they have decided to close the company, how to treat the pre-operative expenses what is the entry we need to pass.

Hello friends.Kan nebody tell me what is the eligibility criteria for applicability of Internal audit to a company.Is it stated newhere in the companies act.Please help me.

I have two queries regarding TDS
1) We have finalised the accounts prior to receipt of TDS certificates from customers. Now I have received the certificate which has higher value than what was reflected in financials.can i take the whole amount of certificate as TDS in IT return or only the amount shown in the financials?

2) I have made few provisions for TDS deduction for which we belived we would receive the certificates & reversed the provision on 01/04/08. We received the certificates for lesser amount.Now what amount should we continue in the TDS 2007-08 account.
Eg.Before provision we had amount of 8lacs in TDS 2007-08 account, we made a provision of 2 lacs as on 31/03/08 so my financials reflected the amount as 10lacs.
I reversed the provision on 01/04/08 of 2lacs. and we received the certificate for 9 lacs. Now what amount should ideally be reflected in the TDS 2007-08 account: 10lacs as per financials or 9 lacs as per certificate, as on date.
We have made the provision as we book the TDS when we receive the cheque from customers and they deduct on the basis of bill booking.

I know these queries are too long but can anyone share knowledge !! Thanks & Regards

IF WE ISSUE TAX INVOICE TO A END USER THEN IS THERE A PROVISION OF PENATLY UNDER DELHI VAT ?

Whether Tax will be deducted at source on processing/upfront fees paid to banks.