COULD YOU PLEASE HELP ME OUT. MY QUESTION IS THAT IF INCOME TAX OF EMPLOYEE IS PAID BY EMPLOYER THEN WHAT IS ITS TAX OBLIGATION? IN BOTH THE CASES (1)MONETARY PERQUISITE, (2)NON- MONETARY PERQUISITE.PLEASE SOLVE MY QUERY IMEDIATELY. THANK YOU IN ADVANCE. BYEEEEEEEEEE.

a person received gift from his foreign
friend in foreign currency are liable to income tax as a gift

a person sold a land which is beyoud eight km.from muncipal area and population is less than 10000 as per last cencus but land is uncultivate in 7x12 abstract. whether full exemption is availabal u/s 54B of the income tax act

Thanks

What all points i should keep in mind while doing bank payment& Service tax audit of a company providing After sale service.
Kindful
Sadanand

Hello,

I would like to know the applicablility of the VAT act to a company ( 100% export oriented unit ) doing BPO service.

My question is :
1. Will VAT be applicable to a 100% Export Oriented Unit doing BPO busines?

2. will VAT be applicable to the above unit if - (A)it carries out software development and sale.
(B) it carries out purely service only


I request and early reply on the above

Whether Income of co - operative society registered under Tamilnadu government is exempt under Income tax act according to sec 10(23c) subject to limit of 1 Crore.
However Sec 10(23c)(iv) donot specifically say about co - operatives but it just say "any other fund or institution established for charitable purpose" does it means it includes Co-operative society? Or there are separate provisions for Co- operative society Plz help.

In the case of High Sea sale, whether the PO on Indian Seller can be raised in Foreign Currency?

If yes:-

Can we have the HSS agreement as well as the Domestic Sale Invoice raised in FC? as the sale is between 2 DTA's operating in India.

Please advise.......

Rajesh Venkitaraman

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can anyone explain me what are included and not included under these two valuations

Is a private limited company required to file form 23B for change of auditor?