I have three questions. First can a wife claim exemption if the tution fees of child is paid from husband account? If No, then can she claim exemption if the account is joint but her salary did not come to this account? If answer to any of these questions is yes then the third question is if the fees paid is Rs.2 Lac and a single receipt is given by the Institution, then can both husband and wife separately claim Rs.1 Lac exemption. Any other guidance is also welcome. Thanks to all who are going to share their time and knowledge.
Answer nowCan an Individual Give his Mami ( Mother's Brother's Wife) a Gift?
Will it be allowable expense while calculating taxable income of the said individual?
We are registered Service tax provider registered as Work Contractor. Recently we have received a order for execution of work and amount for work is as under:
1) item no. 1 Rs. 25 lac (service tax extra)
2) item no. 2 Rs. 25 lac (service tax extra)
3) item no. 3 Rs. 50 lac (service tax exempt)
vat as per up state extra.
please guide me in raising invoice as per new service tax rules.
How to Get Certificate from the Institute of
Chartered Accountants as full-time practitioner from the icai website.?
My uncle has been in full time practice sine 1990.... but he needs the certificate now.
Please comment.
Q/ There are three worker ganesh,narayan,ram produced 80,100,120 piece of product X on particular day in may 2011 in a factory.the time allowed for 10 unit of product X is one hour and theire hourly rate is Rs4.calculate for each of the worker the following (1)Effective rate earning per hour under (a)Straight piece rate (b)halsey prenium plan (50% sharing) (C)Rowan premium plan
I have come across a situation- One person, say A, is NRI. He paid by cheques from NRI bank account to builder directly ( say cross cheque paid to JKL Constructions ) for buying property for his Indian brother, say B and his mother. Proper Gift deed is signed on plain paper with 2 witnesses-relatives. The registration of property is done on the name of B and mother. Now who is legal owner of this property – A or B? pl reply with justifications/relevant laws/sections..thanks in advance in anticipation..
In AY 12-13 the assessee's accounts were audited and no TDS was required to be deducted.
For AY 13-14, is there any any compulsion to obtain a TAN no., deduct TDS & send the quarterly returns for the above said assessee if it is not expected to fall in the turnover bracket where audit would be compulsory.
Dear sir,
I had filed my return for A.Y. 2012-13 in manually form and deposited in Department but now i want to revise it by using efiling . please suggest me because i have a tds refund in that case so please suggest me ..
sir/madam,
is it possible to take transfer from articleship training within first year if my b.com III year college attendance is >75%..?
i am gettting trained in the same city in which my college exists.. and i am in b com 3rd year whose exam is due in march 2013.
plz rply..
A person registered under Construction of Commercial Complex and intends to avail exemption of 67% is he required to produce the purchase bills or books of accounts to the service tax deptt. before availing such exemption?
Answer now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Income tax exemtion on tution fees