1) An employer collected TDS from his employee say on 28th September;
2) What will be the last date to credit such proceeds to the Central Govt Account in this instant case?
3) If the employer does not do do so due to any reasons, what will be the remedy for the employee? Will the employer be held liable for his act? If so, what are all the liabilities?

Dear Mr. Gul and Mr. Ravi Kumar,

Thank you very much for your reply to our querry for medical reamburshment.

Our company is still saying that FBT needs to be decucted.
The fact of the case is
1) Rs. 1,250/- pm deducted by company so total Rs. 15,000/- pa
2) We have to claim, say Rs. 18000/- as medical reamburshment and company is reamburshing Rs. 15,000/- by cheque and not by crediting in salary account. So Rs. 15,000/- is not forming part of the salary.
3) the company is saying that Rs. 1000/- will be deducted form Rs. 15,000/- as company have to pay FBT on Rs. 15,000/-.
3) I understand from your reply that upto Rs. 15,000/- there is no FBT.
4) I request you that can we have some support for the reply so that i can put before the company.

CS Jatin Vora

1) I was the student of Intermediate course, and have completed articleship, but could not pass any group of Intermediate exams and appeared Professional Education -II but not passed any group;
2) Shall I apply for conversion to Professional Competence Course?
3) Shall I eligible to get transition to Professional Competence Course for the reason that I have not passed Foundation Examination?
4) Whether transition to Professional Competence Course is available only if I have passed Foundation Examination or CPT conducted by the Institute?
5) Shall I get full credit of 3 years of articleship already completed?

Query 1


Employee working in a company leaves the Job from Company without giving the Notice.
So the Company deducts the Notice Payment at the the time of full & final Settlement of the employee.
Whether Employee would be able to take deduction of Notice payment from his Salary Income

Query 2

The Second Company Reimburses to the Employee the Notice Pay Paid by the employee to the previous company.

Whether the recovery of Notice Pay made my employee from the current Employer would be considered for taxation for computation of Income of Employee.

Kindly quote with relevant Text, judgement or Notification if available

I need to improve my writing skills can any one help me. How to improve my writing skills or any book to refer.

is this right in poolin interest method in amalgamation that transferor have transfer reserve & surplus in his book to share holders as it is ultimately transfer to transfaree company and amalgamated in his books how could it be ?

what is entry in case of pre.shareholer should pass in transferor books in purchase & pooling interest methods.Is
this right in PIM method that in tranferor books we have to debited preference shares and credited preference shareholsers then pay it off from consideration received from the transferee company. what ? arises when pc does not includes it how could it be happen.

pls solve this.
as no.of time i usually see that purchase consideration includes payment to preference share holders also but as per AS-14 could it be right in sence no. of author used to this technique or only equity share holder are liable to receives P.C.

we have deposited TDS amont on 31st march 2007 in the Bank. Being busy day bank gave paying slip asked to collect challan afterwards. after next 2 days of holidays when went to collect challn the bank people for technical reasons not credited challan into IT a/c the took payorder in the name of IT Dept. and cacelled the dd & cr to IT a/c on 3rd April. what are the conseqnces and how to show in audit report.

can TDS remiteed in excess or short for a month be adjusted in next month?