Replying to a query asked by a CAclub member , many people have answered that -


In case if Salary is credited on 31 March, the due date for payment of TDS is 31 May.


BUT as per Rule 30 of Income Tax Rules, Salary is exception to above rule. So it has to be paid within 7th of end of the month in which Salary is credited.


Please confirm this AFTER refering to Rule 30 of Income Tax Rules.

Earlier, students passing PE2, had to wait for 3 yrs to sit for Final. (the 2.5 years rule cleverly extended to cover 3 yrs). Then from 2006, it became 2 yrs, so a student could sit for Final aftr 2 yrs and a few months in the Final Attempt.
BUT What abt now? Now, PE2 students who passed in Nov07 & who will pass in May08 will have to wait again for 3 years for Final, as they r gettin into the New Final scheme.
PE2 May2008. Result- July2008
2 and half yrs get completed in Jan 2011. So, thus Final attempt will b in May 2011. So, a cool 3 yrs is snatched by ICAI.
But, a PE2 student who will pass in May and will get registered in the New Final, will he/she get into the 3 years articleship or 3 & 1/2 yrs articleship?

When will the amendment be effected. Is it right from the budget date or 01.04.2008?

Sir please let me clear on this head say if i hav a car which is wholy used for business purpose. What will be the consequences.
If u have any other matter which can give me edge in this topic, plz provide the same.

An SSI unit wants not to avail full exemption upto Rs 150 lakhs under Notification no. 8/2003 and instead pay normal rate of duty with Cenvat credit benefit.

Is it required to excercise its option or is this provision now redundant? Pls advise.Thanks.

Sir since the FBT is liable only if employee is being benifited from the expenditure incured by employer.
In many cases it's very difficult to find out the exact proportion of his personal use ,say my company is paying my cell bill normally 1100/month. but it is being used by me for company business purpose as well as for my own purpose.

help me plz.


Thanks in advance.

Sir It is not clear whether the expenditure incurred under the head of "sales promotion & publicity" or any other head of FBT shall not be considered as FBT in any other head, say, traveling and hotel expenses incurred for "organizing a trade fair press conference or business convention" ( which is not liable to FBT as the same is excluded from "sales promotion & publicity" head) of employees shall be excluded from the other heads say "conveyance, tour & travel" or not.


please gide me.

I would like to know the service tax % to be paid for various services as at today


S.K.

Give me the % of service tax to be paid as a goods transporter for a receipt of Rs.25000/-.

SK

We have imported some raw materials and capital goods in USD.We need to book them in our books in INR.I need to know the day of which conversion rate i can use to book the entry. I am considering on two options:
1)The conversion rate of the day on which we received the material in our factory premises.
2)The conversion rate mentioned in the bill of entry.

Please suggest,which option is right.