A trust who is registered U/S 12AA is running Educational Institution and whose gross receipts is more than One Crore is compulsorily required to apply for exemption U/S 10(23)(vi) or the trust has option to get exemption U/S 11 of the Income-Tax act, 1961.

CA RK Bhardwaj

Hi,

Below is the salary structure.Could you please let me know the best struture to have minimum tax liability assuming employee is ready to bear FBT

All the figures below are per month
Basic:100000/-
HRA:50000/-
Conveyance:800/-
Medical:1250/-
LTA:20000/-
PF(EMPLOYER):780/-

whether sec.139(8) are applicable? if applicable when? please clarify.

Small service provider - annual exemption limit increased from Rs. 8 lacs to Rs. 10 lacs with effect from 1st April 2008

A long-time registered service tax assessee received the following payment during financial year 2007-8 :-
Amount excluding service tax and cess : Rs. 6.50 lacs
Amount of service tax and cess : Rs. 0.80 lacs
Amount including service tax and cess : Rs. 7.30 lacs

Upto what turnover level (excluding service tax and cess) during financial year 2007-8, would it allow the Rs. 10 lacs exemption to be availed in financial year 2008-9?

Mr.A a service provider (whose service falls under the service tax net)is providing service to recepient B who is outside India.A receives the payment in foreign currency.Is he liable to pay service tax?

) Whether a Non Indian Citizen (Eg. UAE National) can become a shareholder or director of an Indian company (Pvt and public), having object of Echo Tourism ?

2) What are the limitations for Non Indian Citizen (Eg. UAE National) to part of an Indian Company.

3) Whether they can form the company with all NRI Directors.

4) Whether there is any requirement for Resident shareholder/director.

5) Whether NRI can also act as MD of the company

6) Whether any legal limitations for the above activities

Hi,

I am a Chartered Accountant with 2 years of experience.

I want to pursue either of these courses:
1. CPA
2. CFA
3. Executive MBA

I am little confused as to which course would be best for me.

My interests are finance,taxation and investment banking .

Kindly help me in this regard.

Thanks in advance.

How should a PCC student give his time and effort (roughly) to his
a)ICAI books
b) reference books
c)Materials given by coaching

durig his study hrs(at night or during morning)

Sir could you give me the list of reference books for PCC along with
a)full name of the books
b)author
c)publisher
d)edition (if applicable)

I am PE-2 student and will appear in MAY-2008 for Group-2.
so anyone can send me MODEL TEST PAPER of Group-2 for practice purpose.
plz.hurry it's urgent
THANK YOU.