Dear All,
I want to know if wrongly we have wrong a/c for SAH E. Cess in deposit challan i.e. GAR-7, how the same can be corrected.

What should be the process for its correction.

Please guide me.

thnx & regards

Preeti Agarwal

i bought product from vat tax @ 4% i have a bill . i filed e filing. but checking the tin no. is wrong mismatch and also check co name is wrong. the party bank account is another state. i deduct and pay the tax monthly return (input tax). if mismatch the party tin . what is the proceedure. to modify the return remove the particular party tax and i will pay the particular amount to sales tax. please give me the reply.

i am eligible for input tax or not. Or i will be pay the input tax

kindly sujest what will help to pass the exam of income tax as no couching availableand i am not so good at it

plz reply as soon as possible

i am not finding the above mentioned suggested.kindly provide me the link

Is it interest part is taxable for interest free refundable security rental deposit for service tax?

Dear Sir,

If any person, who is a member of any housing society or co-operative society, has paid all the consideration amount before 1.10.2009 and wanted to get registered the property in his name from society, will the amended clause of section 56 2(vii) applicable to the buyer ?

One more question, is section 50c of the Income Tax Act'1956 applicable to housing or co-operative society, if it sells property at value less than the guidelines value ?

HELLO

I CHKED MY ADMIT CARD ON INSTITUTE WEBSITE> FIRST PAGE SAYS PROVISIONALLY ADMITTED PROVIDED LAST !@ MNTHS OF ARTICLESIP REMAINS AND IN SERVICE AS ON LAST DAY OF OCTOBER>

WAT DO I DO ABOUT IT >>WHAT IS DECENTRISED OFFICE HOW TO CONTACT THEM

Our company reimburses to employees in cash the Maintenance and Petrol cost incurred on the vehicle.The vehicle is owned by employee himself. The company reimburses Rs.20 as petrol & maintenance cost for every kms travelled by the employee during the month for the official purpose.The most of the travelling kms includes travelling from Residence to Office , factories, customers, etc..

The company also maintains the records/details which includes the date of journey, destination mileage in Kms and amount (total kms X Rs.20 for each Kms).

The reimbursement amount of Rs.20 for every km is fixed on following facts:-

Normal Taxi or Meru( Cool Cab) if hired for the day will charge fare of Rs.14-15 per Km. But considering the more comfort of employee in his own vehicle the company has decided to give reimbursement of Rs.20.

We would like to have your opinion on the following:-

1.Whether there would be any taxable perquisite in hands of our employee. If the answer is No, will any kind of taxability arise to our company in view of FBT being abolished from 01.04.09 , as earlier the company was depositing FBT on this reimbursement.

2. Whether our companies contention to reimburse the employee on the basis of the above facts will hold good.If the answer is No, what can be acceptable rate of reimbursement as per Income Tax Act whereby the employee or our company could not be taxed.

3.Whether the records maintained by us are sufficient w.r.t. Rule 17.

Please give me your valuable feedback on this matter.

Is it possible to know that a person is Director of how many companies if his DIN no. is available through MCA site? If it is possible kindly share it with me.

A private limited company acquired in 1986 commercial property which consists of open land and building thereon. It has let out the entire said property to one tenant and is earning rental income from this property.
The company has also been claiming depreciation on the said property.
The company does not have anyother income.
The company wants to sell the property. Can the company be exempted from paying Capital Gains Tax if it reinvests the sale proceeds in another commercial property? If yes, what are the conditions to be complied with?
Thankyou