One of my client is NRI dureing F.Y 2008-09. In india he has Income from Dividend Rs. 189000/- (He receives this dividend as indian resident). He also have income from Interest on NSC, Bank FD and Savings Bank Interest.Rs. 100000/- and He has LTCG on Land Sold is Rs. 82000/- Please tell me his tax liability for F.Y 2008-09.

P.S He also have Income in US about $25000/-

I have left my job & now I want to withdraw from my Provident fund account.
What is the procedure ? Do i need to close my PF account ? Can I directly do it or employer's interference will be required ?

What accounting entry will happen at the time of removal of excisable goods from manufacturing plant to another plant (which come under different-2 excise range).

Thanks in advance

FAZLE
SAP FI Consultant
fazle_sap_fi@yahoo.in

A Ltd. is a US based company and B Ltd. is an Indian Subsidiary of A Ltd. A Ltd. pays salary to the employees of B Ltd. its subsidiary directly into their bank account. Please note that B Ltd. does not pay any salary to its employees. (All the employees are Indian resident)

In this case who is liable to deduct TDS on salaries of the employees?

Also A Ltd. has paid salary to the employees before the incorporation of its subsidiary i.e. B Ltd. Then on what amount TDS is to be deducted and by whom? Also suggest the accounting treatment of salary in the books of B Ltd.

due date of filing return of working partner of tax audit firm--30/9 but if it is a sleeping partner whether date wil be 31/7 or 30/9.

wht is due date for filing return of any director (MD,executive directer etc) of co
since director is not mentioned in ""30/9 para""

Any person joined any co. on 17.8.09. He is getting every month transport allowance Rs. 2000 which include in salary Rs.15000/-. In the joining month aug'09, he got transports allowance 2000/31*15 = Rs.967 for 15 days. Can he get exmption Rs.800 (under sec 10) total amount that month for calculating of Form 16? or he will get exemption on ratio basis i.e. Rs.800/31*15 = Rs.387 when calculating form 16.

Looking for test paper note for getting clearance in study note 15 & 16. If anyone has these notes could u let me know.

SIR, PLZ ANS THE FOLLOWING QUERIES :

1. IF A PERSON IS PART TIME ENGAGED IN INVESTING IN OPTION DERIVATIVE THEN INCOME,IF ANY,IS TAXABLE UNDER PGBP OR CG

2. SHALL HE HAVE TO MAINTAIN BOOKS OF A/C IF INCOME EXCEEDS 1,20,000 /-

3.FOR SEC. 44AB , LIMIT OF 40 LAKH IS TAKEN FOR CONTARCT VALUE OR GAINS ONLY BECAUSE BUYER OF CALL/PUT OPTION HAS TO PAY PREMIUM AND ON SETTLEMENT ONLY DIFFENCE IN PRICE IS SETTLED.

Is there any proposed increase in the municipal taxes on properties let out in mumbai

As per management policy employees/ professionals are given fixed telephone expenses and fixed food expenses. The employees/ professionals does not provide any supporting of bill while claiming the expense. Whether it is allowable as per income tax laws without any supporting and only on the basis of voucher stating telephone expense and food expense. What is the alternative solution if it is not allowable as per policy.