This Query has 1 replies
sir
employer contributes some amount to unrecognised pf and unapproved gratutity fund on behalf of employees.is it admissible expenditure in business under what section? if it is inadmissible it is taxable in the hands of employer.and same is taxable in the hands of employee at the time of receipt,so there is double taxation on same.how it is possible?please explain me elobrately.
sir please verify at the time of receiot both principle &interest is taxable in the hands of employee
This Query has 4 replies
ALL STATUTORY RETURNS FILED BY THE COMPANY WITH EFFECT FROM THE DATE OF THE NAME CHANGE APPROVAL BY ROC SHOULD ALSO SHOW THE NEW NAME AND IN BRACKETS
( FORMERLY .........LTD).
THE NAME BOARDS OF THE COMPANY AT ITS REGD. OFFICE, FACTORIES OR BRANCHES ,DEPOTS ETC..SHOULD ALSO SHOW THE NEW NAME AND IN BRACKETS
( FORMERLY .........LTD).
is it applicable for private limited cos. also??
This Query has 3 replies
Sir i have a income exceeding the lower limit i.e.Rs. 1,10,000/- now we want to file a return after the due date i.e.31.07.07 and also paying a tax Rs. 1000/- Now Can an A.O. impose a penalty u/s 271B?
This Query has 2 replies
* Ours is a Housing Co-Operative Society(147 members). * One Member has donated one Ambulance Van. * We have debited Asset A/c. and Credited Donations A/c. * Our only income is interest earned from Fxd.Deposit in Bank which is a meagre amount. * The P & L a/c shows NET LOSS when Depreciation on Van (5% on cost) is transferred to P&L A/c. Is there any way out to carry Book adj. between Asset a/c and Asset Revaluation Reserve a/c (by transferring cost of van from Donation a/c), thus avoiding the P&L A/c ? Please suggest.
This Query has 4 replies
Mr. X made a gift of Rs. 300000 to his daughter in law .she invested that amount in p.o. mis .
Whether clubbing provision is applicable? Deduction is available u/s 80c?wheather she can jointly share the income with her husband?
This Query has 1 replies
How should I prepare for I.T. & S.M. for PCC November 2008?
This Query has 3 replies
A assessee has a service tax registration no & files the service tax returns in last year but in current year his gross receipt is less 10 lac rs. WHETHER HE CAN FILE THE NIL RETURN ? AND IS IT COMPULSORY FOR HIM TO FILE THE NIL RETURN ?
This Query has 3 replies
I registered a flat in Feb 2006 and did not take any benifit of the amount paid towards registration in income tax. I am getting the possession of the flat in April 2008. Can I claim any benifit in year 2008-09 for the amount I paid for house registration in Feb 2006? If yes, what kind of exemption allowed and is there any limit on that?
This Query has 8 replies
For the year 2004-05 I paid income tax in excess of Rs 5000. I filed the IT return in Pune, Maharashtra. I got my PAN number from Bangalore in year 2002.
Till now I haven't received my refund. What can I do get my refund?
This Query has 7 replies
What are the documents needed to claim the exemption on income tax on Leave travel assistance?
And what is the limit for LTA that can be exempted from tax?
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
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employer contributes towards upf