Sir, Ihave cleared PE1 in november 2006 exam I have started my Training in feb 2006 with presuing B.com but now I have passed b.com from GURU NANAK DEV UNIVERSITY AMRITSAR but my C.a says that training that i have done with b.com is cancelled and my pcc atempt is delayed by one and half year is it true??? please help me out

Can we Pass Rectification Entry of 2007-08 in fin yr 2008-09 in any condition

If the house property is in the name of A and the housing loan is applied for in the name of both A and B, whereas the payment is in actuality made by B only.
How will this be treated. Will A be able to claim a deduction u/s 24 if she makes the same payment to B in cash ?

A private limited company without providing for directors remuneration for the ye 31.3.2007, paid it in June 2007.Now a provision should be made for the ye 31.3.2008. How the amount paid in June 2007 is considered in account.Whether this is to be treated as prior period expenses?

Hello Friends,
Hotel is receiving laundry including dry cleaning services from outsider and booking as telephone/laundry expes.Further charging from its clients and booking as laundry/telephone income in its books of accounts.
Whether these laundry/telephoneincome will be included while calculating the thrase hold limit of Rs. 10 lacs.

Please give me suggestion.

CA. Babita Agarwal

Hi,

For a salaried person if the income from salary is 11.5 lakh, loss due to interest for house property is 1 lakh and she has done 80C investment upto 1 lakh (i.e., taxable income is 11.5 -1-1=9.5).

Is she liable to surcharge applicable for income above Rs10 lakh?

Thanks in advacen for your resolution.

Dear Sir,

Our Company is a Trading Company I.E we get Commission on Sale of Machineries by the Korean Company to Indian Company and our Company act as an agent for Marketing of Korean Company for the sale of there machineries to Indian Company

Exhibition are held in India Machineries are kept in the Exhibition for sale.

My query is that Our Company First Pays the Expenses Incurred on our Korean Counterparts such as Travelling TKTS and Boarding and Lodging Later on we raise a Debit note on our Korean Counterpart and we get the reimbursement for the same
Is FBT is applicable on this reimbursement since there is no employer and employee relationship

Please suggest

Regards

Ravi Konda

If FBT of the previous year i.e.AY2007-08 is not paid till then what is the consequence to file return for this year.

Dear Sir,

Suppose a Person who travels Frequently in to another city For Example Bangalore and he is Hiring a Car from the Local Tours and Travels in that City for Visting and Entertaining the Customers.
IF the total amount of bills for the year goes above Rs 50000/- of the Tours and Travels for Car Hire Charges Since we dont have any contract between Tours and Travel Co and ouselfs Than also Can I deduct TDS on Car Hire Charges U/S 194C Or Should not

Please Suggest

Regards

Ravi Konda

What are the accounting entires for Employee Benefits like, Gratuity, PL, etc. under the new AS-15?