suppose employee joined on 1 dec.his LTA for financial yr 2007-08 is Rs. 40000.Employee gave the bills of Rs. 19634 for March.hia share of LTA with present employer being Rs. 13444 was given to him and the same was considered exempt from tax.Now. for financial year 2008-09, again his LTA is Rs. 40000.What is the tax liability if the employee has not claimed any exemption in block 2006-09 except in march 08 as given above?

What is the applicabilty of AS 22 and AS 27 on Mutual Fund and Venture Capital Fund?

In the case of central works contract is taxable in the State where agreement is executed/contract is executed. In which section of the Central Sales Tax it is cleary mentioned that Works contract is taxble in the state where agreement is exectured?

Dear Members

Please clarify.i have got a number of answers for this question which is different in all cases.Please clarify whether to be deducted or not with proper supporting like circular or case law!!!

can anyone tell me what is fbt

due to unaviodable reason i will not be able to attend any coaching for any subjects. so plz. give names of good books to be referred for EACH suject since i have 6 months time & study tips to prepare for nov 08 pcc exam

thanks in advance

sir,

i want to know that, supporting documents documents should be attached with Journal Voucher or when payment is made by cash or bank voucher.

it is process that first we book the expenses and then make payment. it will be right if we attach the supporting documents both in journal voucher and bank voucher or cash voucher.

Sir
can you suggest me the accounting entry of long term capital gain & Loss treatment.

I am student of CA final having attempt in November 2008. But I haven't started preparation/coaching due to some unavoidable reasons.I enrolled to take coaching ACCOUNTS & MAFA (3 hrs daily class) from June-Aug. I study Remaining subjects myself.

Actually I am strongly confident to attempt for both groups. But, how can I prepare both in 6 months (MAY-OCT)? What will be my preparation strategy? How can I plan all the subjects?

Plz advise me.

Sir,
Can you suggest me the complete accounting entry of Consignment Agent in the books of Consignee and consignor with inventory, comission exp. etc.in Tally and SAP also.....

thanks & regards

Praveen Pandit