Sir,

Thanks for expert for answering my query.

I have to pay current premium amount For Rs.29504, Service Tax on Premium amount Rs.3611 and total is Rs.33115 to Reliance General insurance. Insurance Policy covered up to 26.04.2007 to 25.04.2008. I want to know that what will be Prepaid insurance and what Journal Entry will be passed in the book. my financial year is 2007-08. Service tax input can avail on insurance or not.
Thanks SIr.

I want to know who is the youngest chartered accountant of india along with age.and what is the full form of L.L.B.

Hello Sir,

In CIRCULAR NO. 8/2005, DATED 29-8-2005 issued by CBDT as Explanatory Notes on the Provisions relating to Fringe Benefit Tax There are few FAQs. One question is

Whether employer-employee relationship is a pre-requisite for the levy of FBT?

The answer is 'Yes'.

My question here is whether a Managing Director of a private limited Company who is owning 60% of the shareholding is considered as an employee of that company for the purposes of FBT.

Thanks and Regards,
CA.R.Tharangini

Dear,
One of my friends has got an offer for Accounts Manager in a company named Access Financial Services Sarl (Swiss company). The package offered is good but he doesnt know about the credentials of the company. It has come to know that the company is management solutions provider in few countries and its presence in India is not so long. If you can, please tell about this company and help me out.
vinod
The web address of the company is:
www.accessfinancial.ch

Can any one please tell me about site from where TT buying & selling rates of USD to INR for each day of F.Y.2007-08 be seen to comply with A.S.11.

if income tax return is not filed on time , whether short term capital loss can be claimed and carried forward or not ? please explain with reason and sections.

wat is the difference betn beneficial ownership n legal ownership?

We are 100% EOU. Recently we got a letter from Central Excise Dept to pay MOT charges.when i was asked why we need to pay this,they said,we are not getting any benifit through ur exports.so,for inspection and sealing of materials,which is being export we can claim like that they are giving the reason.could any one explain about it clearly.actually MOT stands for what & under which head we have to pay that amount in GAR 7 Challan.

I have offered CTC Rs.2 Lakhs with a Basic of Rs.8, 000/-

Our HR person has informed me that my Basic exceeds Rs.6, 500/- hence, PF deduction is not compulsory.
If I haven’t opted PF deduction then I can take home my salary without any deduction.
If I have opted PF deduction, then the company’s share also will be deducted from my salary (that is CTC).
If I choose PF what benefit can I enjoy?
If not what am I loosing?

Guide me plz.

Dear All,

I HAVE CLEARED C.A. BUT MY TRAINING IS STILL PENDING. IT WILL BE OVER ON 18TH SEPTEMBER,2008. I WANT TO JOIN A COMPANY. DO I HAVE ANY OPTION BY WHICH I CAN JOIN THE COMPANY BEFORE CMPLETION OF MY TRANING. SOMEONE SUGGESTED ME THAT IF I TAKE A NO OBJECTION CERTIFICATE FROM MY CURRENT TRAINER UNDR WHICH I M UNDERGOING TRANING, THEN I CAN JOIN A COMPANY. IS IT TRUE?
OR SUGGEST ME IF THERE IS ANY OTHER WAY OUT.