please solve my doubt

my Brother has joined recently as a salaried employee
he has taken personal accident insurance
means money will be received onkly on accident or death

means it is not like Life insurace
so
can he claim DEDUCTION for PERSONAL ACCIDENT INSURANCE

please solve soon

Sir,
Thanks for your earlier suggestions.
I have a query now on Details to be furnished U/s 212 of the Companies Act.
As a part of disclosure required by the holding company, the statement pursuant to Section 212 of the Companies Act to Subsidiary Companies requires details on various things to be given.
This is also to be read with requirements of Accounting Standard 21 on consolidation of financial statements issued by The ICAI.
There are three companies which are subsidiaries by virtue of Section 4(1)(a) where one Company A controls the composition of board of directors of companies B, C and D.
The finding out of extent of holding as required U/s 212 is very difficult or not applicable at all in these cases where the relationship of holding and subsidiary is U/s 4(1)(a) (even where it is U/s 4(1)(c) also).

1.Please help me in making the harmoneous interpretation of requirements of Section 212 and Accounting Standard 21 of the ICAI. Does AS 21 requires consolidation in this case also where the extent of holding is very difficult to calculate?
2.Where it is not possible to find the extent of holding, can we show the figures as 'nil' against the profits dealt or not dealt in accounts as required by section 212? since we have not made any line by line addition in these cases, giving these details as 'nil' is still correct?
3.Whether the details of Changes in fixed assets, borrowings etc., still be given in these cases?
4.Is there any circular/notification etc., being issued by Ministry of Company Affairs or guidance not by ICAI on this?
Please help me in this regard.

Regards,
M.P.Arun

I COMPLETED MY PE2 ALONG WITH MY DEGREE.ALONG WITH MY ARTICLES I WANT TO PURSUE CISA BUT WHEN I CONTACTED THE LOCAL CHAPTER OF CISA(HYDERABAD),PRESIDENT OF CHAPTER TOLD ME TO PURSUE THE COURSE ONLY AFTER COMPLETION OF MY ARTICLES.BUT MY ARTICLES WILL BE OVER BY 2010.WILL IT NOT BE HELPFUL IF I PURSUE THE COURSE NOW??
WHAT IS THE PROCEDURE TO BE FOLLOWED TO WRITE THE EXAM IN JUNE 2008
PLEASE GUIDE ME

the company is having the main source of income by its ordinary business which is mentioned in its MOA/AOA and having also trading income of shares in its books of accounts.
What will be the tax treatment of income from shares in the computation of income ?
Whether it is treated as income from normal business income or speculation business income?

1. When Investment In shares by a indivisual is treated as Speculation Income?
2. Is the indivisual has his own option of claiming it as STCG or Speculation Income?
3. If an indivisual investor both take delivery & make intraday purchase & sale of shares whether he is taxable under both the head or which is benificial to him.
4.please tell me the date & no of such CBDT circular.

IS IT NECESSARY TO MAKE PROVISION FOR NPA INTEREST IN THE BOOKS OF ACCOUNT OF COMPANY WHOSE TERM LOAN ACCOUNT IS BECOME NPA ,ON THE BASIS STATEMENT OF UNCOLLECTED INTEREST RECEIVED FROM BANK?

Is it the duty of the buying dealer to ascertain that the vendor is a registered dealer and he has paid the duty collected?
If yes please give me the relevant extracts from law?

In case of a proprietorship concern suppose there are two concerns AB and CD but the proprietor is same. Vat number is alloted in the name of AB.
Can CD also use this number?

If yes please tell me the relevant extracts?

Sir,

Can a Transporter being GTA collect service tax from the consignor(who pays freight) in a proper channel and issue a letter of declaration to the consignor that he is collecting the service tax along with the freight and pay it to the government on its behalf.

Further in scrutiny of consignor can a declaration form a relevant evidence/ proof of service tax payment on the freight paid during an assessment year.

Is the above procedure specified in the law please provide me with the details.

Regards
Ahsan K.Mansoori

Dear sir

(i)Why the PF for workers is calculated on BASIC+DA Whereas it is calculated on BASIC for staffs?

(ii)Is PF applicable for foreigners?

(iii)Can anybody send me the slab rate for the calculation for PROFESSIONAL TAX AND FOR WHOM IT IS APPLICABLE?

(IV)For the sale of fixed asset ,which doc did the client need to produce for auditors clarification.