Due to abolition of FBT, now the food coupons will be categorized as perquisites in the hands of employee if as per rule 3 value of meal exceed Rs.50 per meal.
Any one can suggest a maximum reasonable limit of food coupons we can give to employees per month as per rule? I am asking because I got an information from Accore serivces Website as follows,

"If you opt for Ticket Restaurant® Meal Vouchers @ Rs. 100/- per working day, instead of cash in your salary, the tax you save on Rs. 31,200 i.e. (Rs. 100/- x 26 days x 12 months)"

Is it possible to give Rs 100/- per day ?

For Ref: http://www.accorservices.co.in/ProductAndServices/TicketRestaurantMealVouchers/Pages/FAQ.aspx

Dear Member
I have an query regarding Partners capital Interest.
In Deed it was mentioned that 11% interest was allowed to partners.
During the year partnership firm did invested of sum amount in MF which is not its primary business and earned X amount. On that amount they paid Capital Gain tax.
During the year firm paid Interest To partners as per the Partnership deed.
Now AO is saying that he ll disallowed the payment of interest to partner on the ground that it is not a business activity.

Thanks & Regards
Niraj Chordia

Mr.A has a residential flat in mumbai.He wants to gift it "jointly" to his niece(brother's daughter) and niece's daughter(grandniece).What will be the tax liability to the niece and/or grand niece?cud u also help me with the stamp duty implication w.r.to concessional stamp duty to lineal descendant?

i want to incorporate a proprietorship firm as a division of my company. what is the procedure for the same?

how to give cash gift to parents which is tax exempted.
please tell.

During the year there was transfer of shares without issuing share certificate Also the certificate for shares already transfered is not made.

Now if Company want to get CC, can it be issued with the qualification for the same..

Thanks,

What is the Schedule V to be attached with Annual Return.

Why this is not available in MCA Portal when i download the other forms for annual return like form 23AC, 23ACA etc.

I need the blank format of Schedule V which could be attached with the return

sir please assist me
pl brief the procedure for obtaining account technician certificate
i have cleared group 1 of ca final old course and appeared for the 2 in this nov
please brief the feees structure
i have cleared my pee II in may 2006 and completed my articleship in august 2009
please provide the clarification to the lowest details if possible

thanking u in anticipation

Dear all,

I am doing C S executive program i wanted to know which author books is best for that some of my friends are suggesting study material is the best shall i go with that or study some other authors books.

Thanks in advance.

Regards,
Nandish.s

We had electronically filed an ITR 2 on 26.09.2009 of an assessee who was the partner of a partnership firm liable for audit u/s 44AB. Although digital signature was attached with the return at that time, but on later review, it was found that digital signature was not properly attached. In the assumption of digital signature being affixed, we haven't send the acknowledgement Form V to Bangalore.

Now what is the remedy for the same ?