we got some refunds relating to various assessment years .cheques dated 17th of march have been received by us on 1st of april.refunds relating to tax payment and interest thereon.what are the entries to be passed and in which year we should account for that? Is there any effect on provision for taxation

Sir
A Property (Old House) given for Development to a builder with 60% to builder and 40 % to Land owner. The builder constructs 20 flats and 8 Flats were given to Land owner (4 Family members)and there is no monetary terms between the parties. What is the Capital Gain that to be paid by the Family members . Since the Development agreement between builder and site owner not registered the share of Land owner i.e 8 flats were registered by way of partition deed 3 flats each to 2 sons and 1 flat each to daughter. What is the Capital Gain that to be paid by the Family members . What are the exemptions ? How to arrive the sale consideration / cost of Acquisition. No flats were sold from Land owner share

I have cleared my PE II in Nov.07 & my articles started from March08. I am pursuing M.com course through correspondence & my exam is in May08. The problem is that I have also register with CS Institute in Nov07 for my Inter & my 1st attempt is in Dec08. So is it possible that 1st to fill the form 112 for M.com & then after my M. Com results again fill the Form 112 for my CS attempt. Is it possible? Please help me.

Hi Sir / Madam

Is there any changes made in this budget regarding STPI (Software Technology Park of India)?
If Yes, How I get the information related that?

Thanks
Anil

Hi Sir / Madam

I have some cofusion regarding the limit of basic salary (+DA) while deducting the PF from employee's salary And at the time of bonus payment.
Somebody told me that if employee's salary + DA is less than Rs 10000/- then deduction of PF & payment of bonus (bonus at least 8.33% of basic salary) is mandatory or if basic salary is more than Rs 10000/- then it is totally depends upon co.
I want to know that, the limit of basic salary is changed by Rs 6500/- to Rs 10000/- or not?
And this limit is also applicable for bonus or not?

Please reply Me.

Regards
Anil

Is TDS applicable for Intt on Late Payment?

Company has paid tax of the employee who is the Director/ MD. It is a perquisite in the hand of employee and is taxable in hands of employee. Is there any notification or circular which tells about that it would not be taxable.

YESTERDAY I'VE SENT A MSG REGARDING POSITION OF ARTICLES IN TODAY'S ENVIRONMENT.ONE OF EXPERT SIAD KI JAB TAK KAAM NAHI SIKHOGE KAAM KAROGE KYA PEHLE MAIN UNSE PUCHNA CHAHTA HOON KI KAAM SIKHNA HOTA KYA HAI.KAM SIKHNE KA MATLAB YEH HOTA HAI KI APNI SELF RESPECT BHUL JAO HAR KISI KA EK LEVEL HOTA HAI KEHNA BAHUT AASAN HOTA HAI KI JO KAM MILE WOH CHUPCHAP KARO TO KYA KOI MUJHE BATA SAKTA HAI KI KYA EK PADA LIKHA AADMI BARTAN DHO SAKTA HAI.PLZ JO BHI MERI QUERY KA RPLY DE ISE MAJAK NA SAMJHE MAINE BAHUT SI FIRM'S KA STRUCTURE DEKH LIA HAI HAR KOI ARTICLE KO SERVANT KI TARAH TREAT KARTE HAIJAISE KI FREE MAIN KOI LABOR MIL GAYA HO.TO MAIN AMIT JEE SE KEHNA CHAHTA HOON KAI ARTICLE SIKHNE KI ICHHA RAKHTE HAI LEKIN UNHE BHI WOH WORKING ENVIRONMENT NAI MIL PATA.AUR STIPEND WALA FACTOR KI TO BAAT HI MAT KARO MUJHE LAGTA HAI JAB TAK INSTITUTE KOI STRICT KADAM NAI UTHEYAGA YEH SAB CHALTA HI RAHEGA.

Profit is shown as a Liability in the Balance Sheet which is added to Properitor's Capital but we have to pay incometax on profit which is another liability. Dont u think, we are generating one liability through another?

MY FRIEND WAS IT CONSULTANT RECEIVED FORM 16A FROM IT COMPANY AS CONTRACT PAYMENT.

HE WAS RECEIVED RS.1177973 TOTAL RECEIPT ON THAT TDS DEDUCTED BY IT COMPANY.

NOW HE WAS FILING IT RETURN (ITR 4) A.Y.2008-09.

PLEASE SUGGEST ME TO HOW TO PREPARE INCOME & EXPENDITURE STATEMENT OR AS PER SEC.44AA.
PLEASE TELL ME GROSS RECEIPTS