This Query has 5 replies
Sir
I am confuse with Above 750 for individual consignment and Above 1500 for Gross
Please Guide
This Query has 2 replies
whether under maharashtra vat act, vat is to be paid on goods destroyed by fire on claim received from insurance company. ca. sanjay jaju.
This Query has 4 replies
Sir
if there is one Listed Co. and one NBFC Co.
The Real Uncle son of Listed Co. Director is the Director of the NBFC Co. and the said NBFC Co. give finance to the listed co.
Wht is the responsibility of the director of listed co. towards this
Please guide
This Query has 3 replies
i want to know the time required to study for pcc examination.
are 3 months enough for studying the entire course.
if more than 3 months are required then how many months leave should i take from articleship
This Query has 1 replies
can anybody tale me what is core accounting? in detail.
This Query has 3 replies
Hi all,
My Question is that when GTA's liability arise?
on time of payment to transporter or when amount of transportaion being credit to transporter?
pl do reply
This Query has 1 replies
As per the Income-tax Act, 1961 FBT paid on ESOP's can be recovered by the employer from the employee. The same would not be taxable in the hands of employer
I'm of the view, that the recovery of FBT on other fringe benefits should also be not taxable in the hands of the employer on the following grounds:
1) FBT is not an allowable expenditure for the purpose of computation of the business income.
So, when an expenditure is not allowable for the purpose of computation of business income anything recovered towards the same should not be taxable.
2) Moreover the FBT recovered from the employee would not be treated as tax paid by him for computation of his tax liability.
Kindly give your opinion on the above.
This Query has 10 replies
Hallo
I have filed a return for A Y 07-08 with tax Tax payment But unfortunatly I have assumed Standerd Deduction of Rs 110000 instead of Rs 100000 so tax liablity should increase by 1000.
I have filled return on 31st march 2008
So what will happen now/What should I do now
1] Revised retun is not possible because filled on 31st march?
2]Pay Tax with penalty ie 1000+2%+penalty ?
3] wait for notice?
4] any other way?
Please suggest
Thanks
Omkar
This Query has 1 replies
Hello Sir
One of my client taken a loan from ICICI bank Rs 500000/- but they received only Rs.488000 and odd figures. As I inquired about the difference with my client, he said
its a loan processing fee....
tell me whether it is right or wrong... If so, how should i pass entry for the same...
Its urgent please reply asap
Thanks in advance!!!
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