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.

whether preliminary expenses should be written off within one year or it canbe written off for the period of 5 years?

Sir,

in my privious query i asked about the journal entry of provision for current year when i will make the provision for fbt and taxes

wants to know the procedure how to surrender exemption availed?

I have got 65 marks in MICS in NOV.2007 final exams.....again appearing in exams in MAY.2008 I have got 61 Marks in IDT.
For appearing in Exams NOV. 2008 I want to avail exemption in IDT instead of MICS marks.......what is the procedure......if any?..............Again i want to know for which subject I can avail exemption....please help me fast but in full detail

Dear Expert(s),
My father has been alloted a flat by a co-op Hsng socy and that is the leagal ownerhip in this case. We have availed a home loan where i m co-borrower. My father has contributed to the extent of 40% of cost and rest is funded by way of a loan where I will be practically paying the whole of EMIs. Since i m not a co-owner i propose to receive some share in the house property from my father as gift. I propose to receive a nominal share as gift, as higher share would entail higher stamp duty payment. Now my questions are as under:

1) Will such gifting certain share by the owner (father) to me (Son), without adequate consideration, will create co-ownership in my favour.

2)Will any inter-se agreement where the Owner recognises me as co-owner with definite share say 60% and relinquishes his right to claim house loan deduction,executed on a 100/- (or Rs.200/- as an affidavit) stamp paper will create ownership in my favour?

2) For claiming deduction u/s 80 C as well as u/s 24, will my deduction be restricted to my share in property or it will be max. Rs.1,00,000 for principal and Rs. 1,50,000 for interest ?

Mr.A is a employee of software company.

He worked in india for 2 month. His salary is Rs.30,000 p.m & tax deducted say Rs.3000.
Thereafter his company send him to uk for the remaining 10 months. Salary is paid in foreign currency & credited in foreign currency bank a/c. Tax also deducted as per UK tax laws.

1) Whether he has file the return for the income earned outside india?

2) If no, whether he can get refund for the tax paid in india since his income doesn't exceed the basic exemption.

Clarify the above query with relating supporting

Firm providing security guard in different company can firm file return ITR-4 having tourover Rs five lac?