a man invest a sum of Rs. 20000/- in the name of his wife in "LIC Market Plus Plan". i want to ask that , Is he eligible for deduction of Rs. 20000/- U/s 80c in his Income Tax Return which was invested in his wife name.

Can you please tell me can father in law gift to daughter in law . is that amount is taxable , in whose hands.

a co(xyz) has been incorporated on 26th march 2007. it is a franchisee of airtel voucher. the service tax is paid by airtel itself. my query is whther the company (xyz) is required to file the return or the return shall be filed by the airtel itsef. and if return has to be filed by xyz then what will be the penalt. because the co has not got registerd under the service tax act. please advice me.

IS additional Depreciation allowable for machinery for AY 2008-2009 ? If yes what is the percentage for additional depreciation for the year ended 31/03/2008.

what major points do i see when auditing the books of a co-operative society?

Kindly let me how much scope of getting job as accountant outside India when i will clear my CA-PCC with Articleship.

I want to know, in which circumstances wealth tax is applicable,
and when not.

How do you remember sections in company law/Income tax...?

I request everyone to provide some hints to remember sections.

Assessee has recieved 3000 USD after sufference of tax of 900 usd towards TDS.The same is towards Royalty which the university pays to all the students who had developed the product and hold the patent.Assessee was a student in USA and has since returned and is now a salaried employee in India.


Is the amount ;

1.Taxable in India.
2.If so , under Salary or Other Sources.
3.How to claim TDSA credit as TAX Identification Number of the university is not available on the form which has been received.This needs to be mentioned in ITR 2.Details of Tax Paid.
3.Amount was received in november 2007.
4.If not taxable , should it be disclosed as Exempt income.

Can you sugest me the which book should i refer for Law subject in CPT examination ?& what are the chapter changes made by the CA Institution in Maths & stat.Subject of CPT Examination ? I had registered in Feb 2007 for CPT, so can i get the Maths & stat subject book of Inst.according to changed syllabus?

please help me