Sir/Madam,

When interest is given to party quarterly and is less than or equal to exemption limit, then declaration in form from party for non deduction of tds is to be taken quarterly or monthly as it dues every month.But payment is done quarterly.

I have following two questions regarding applicability of fringe benefit tax on the following expenditure

1.Reimbursement of reloction expenses incurred by the employees at the time of transfer to different cities for the purpose of employment.

2.Travelling Expenses paid to directors

hi,
my query is this..a company got prof tax registration only in nov 07.. and hence deducted it only frm nov 07..also they hav paid the arrears from April 07 to Oct 07..to which head of account should it be charged? pla clarify.. thanks..

Hi All,

What is Deferred Tax Asset and Deferred Tax Liability and When is balance of deferred Tax Asset or Liability transferred to Profit and Loss A/c?
Kindly Help.

Shwetha

Dear Experts,

Pls.guide me which book is best for refer accounting standards in dtail with good example.& also for income tax & it is simple to understandable.

I need also guidance note for section 115JB with latest updation. & email id for amit bajaj.

Pls.sove my queries asap.

Regards,
Prakash Jasani

email id: prakashjasani_56@rediffmail.com

Whether any gifts from parents to married sons for welfare of the sons family be treated as HUF corpus and can HUF be created?

Whether any property by will come to married son be treated as ancestral property and be considered as HUF assets?

Ditrector incuured so many expenses in hotel, Cofffee house, sports house, buty paloe etc. inwhich head these expenses will be entered.and what about the FBT. olease duggest me urgently

CA. Babita

Please guide, how the TDS provisions are complied with if a company do not directly incur the expenses but makes the reimbursement of expenses to the staff, in the 2 situations mentioned herein below.

1. Invoices are in the name of employee.

2. Invoices are in the name of company but payment was made directly by the employee and later on reimbursed by the employer.

Dear Sir

We have purchsed a Anti Virus Paper Licence from a firm havind vat registration and service tax registration. He charged Vat 4% and then service tax on whole amount

Example :-

Let Paper Licence Value 100.00
vat 4% 4.00
------
104.00
service tax 12.36% on 104.00 12.85
------
116.85

Now Query is:-

1. Should he charged Service tax on Rs. 104.00 or not, if yes then OK, if not then on what amount he should charged service tax.

2. Should we deducted tds on Rs. 116.85 or not if yes on what amount, if not then is OK.

Please clarify as soon as possible

Dear All,

I am having others income (i.e income from interest only) not salaried. Should I get rebate of Rs 15000 of medical re-imbursement. this is for Financial year 2007-08. I have already taken a rebate U/s 80C of Rs 100000/- . Pls help me.