Hello Mr. CA.Ramesh Ahuja,

Thanks for your reply for my querry dated 19/7/08.

Further to my first querry- what do you think about a partner in a partnership firm? is he an employee for the purposes of FBT? Does the FB or deemed FB as per chapter XII-H enjoyed by a partner/ Managing partner will atract FBT in the hands of the firms.

Actually, the term 'employee' has neither beeen defined in chapter XII-H or anywhere under the Act.

The "guidance Note on Audit of Fringe Benefits under the Income-tax Act,1961" issed by our CA Institute takes the help of the obsevations made by the Hon'ble Supreme Court in Ram Prashad v. CIT(1972) 86 ITR 122(SC).

pls give your opinion...

Thanks and Regards,
CA.R.Tharangini

Please outline the step by step procedures for converting public limited company to private limited company

WHAT POINTS TO BE TAKEN FOR AUDIT OF COMPANY REGISTERED U/S 25 AS A MICRO FINANCE COMPANY NON PROFIT COMPANY PLEASE GIVE IN DETAILED PROCEDURE FOR AUDIT

THANKS

im a ca-pcc student . now a days i m suffering from diabeties im not attend my office 4-5 days but my ca says that you take transfer because you are not coming regular . so please tell what can i do im doing my traning 9 months

in a contract costing what is the escalation clause what is the treatment

A client is using Tally 9.0 licensed version.He is in business of Trading of goods.He has purchased sold some shares in current year purchased before 2-3yrs and also sold shares purchased before 6 months.

In the above case entries are made in Tally9.0 but now for Income Tax purpose how to differentiate the Short Term Capital Gains and Long Term Capital Gains?

If a person died at the age of 78yrs and he clearly made a will in which entire liabilities and assets belonging to him must be transferred to his wife after his death.

However Insurance Company has name of nominee as his son.

Now on whose name should the Insurance company allot the claim amount for death,Son or wife?

Assuming that the plan is of Cash back Scheme
what will be tax treatment?

what is the procedure to make changes in PAN card taken on the name of MINOR When He/ She gets major .

hi,
I hv read in audit book about a firm having all partners as CAs(1949)& practising in India, in this case auditing may be done by partners under the firm name So, my ? is that " is partner of that firm can do auditing individually without under the firm's name?

I am pcc student, Abhay Shah from diamond city surat.

I want to know exactly what practical knowledge i should have got during the course of articleship.
If someone knows please tell me here or else on my email id

abhay_shah5678@yahoo.com