An insurance company regularly invests huge funds in market for earning gains for policyholders.Can you please confirm if it needs to track the STT paid on the purchase of shares from the secondary market from Tax’s perspective.
Also, confirm the STT rate on equity.
Kindly revert asap. Its urgent.

Is employees tuition fees (for self education) eligible under investments u/s 80c

Please tell the names of some reputed ca firms in kolkata.

hi sir KAPIL G THOKRE thanks for urs answer . in my previous question i had asked u that one of my frd has passed cpt in aug 2007 n failed 10+2 can he register for pcc after passing 10+2 in 2008 march n u have told that he can. n u have asked that when he is going to write 10+2 , he is going to write 10+2 in march 2008 n probably his results will in the last weak of april n if he want TO APPEAR IN NOV 2009 ATTEMT HOW CAN HE REGISTER FOR PCC , I MEAN BEFORE THE END OF APRIL MONTH HE WILLM ONLY GET INTERNET PRINT OF 10+2 PASS IS IT WILL VALID FOR PCC REGISTRATION . PLS SUGGEST SIR.

Is furtniture & fitting or television bought by the company for the managing director or any other manegerial personal chargeble to FBT and why?Also in what cases is the FBT taxable in the hands of the employee?

One of our client has sent the following questions, please send your advice:

1. We have taken the resposibility of running and maintenance of
Government hospitals under the public-private partnership concept. All
the required staffs are appointed by us and we receive Grant from
Government towards salary and administrative expenses. Do we need to
register under PF Act? If yes, do we need to pay the employers
contribution also along with employee contributions? Can we deduct
employer contribution from employees? We will not be reimbursed from
the Government towards employer contribution, if we pay and also we do
not have any other sources of funds for payment of employer
contribution. Other important point is that their services will be
discontinued once the Government hospitals are handed over back to
Government.

2. Apart from the above staff, there are other staffs who are working
in our NGO in difference projects, do they are also covered under the
PF Act once the registration is taken? All the salary payments are
made out of the budget given by the funding agencies. Once the funds
are utilized or the project in completed, they will not be in the
services of our NGO.

3. We are following cash basis of accounting and paying salary only
when the salary grant is received. The grant may be received monthly
or quarterly etc., Do we need to pay employee and employer
contribution (if applicable) monthly, if the grant is received
quarterly once?

I am a B.Com graduate registered under C.A.Inter scheme on December 2000 and I have appeared for PE II exams till November 2007. I still have to clear both the groups. Now I want a clarification regarding whether I can appear for May 2008-PE II exam. Also let me know, whether I am eligible to appear in Professional competance Exams subsequently thereafter?

I just want to know can Revised MVAT Audit Report be filed if original report was based on returns that were defective or not properly filed and advise given in the audit report based on that returns too was wrong due to non-availability of all records made available by the dealer in time. Can such Revised Audit Report be filed by another auditor if previous auditor who conducted the audit does not consent the same and too does not provide access to the original report filed with the Department.

Hi,

Can anyone give me the formats of below Excise Register Reports.
1. RG 23 A Part II
2. RG I
3. PLA Report.
my Mail id is : ar.bhaskara@gmail.com

Thanks & Regards
Bhaskar

Hi,
Request your expert opinion in the following matter:

- We have employees drawing salaries in the range of Rs 8000/- pm to
Rs 2 lacs PM CTC.

-The break up comprises components like
Basic,HRA,Conveyance,PF,Group Medical Insurance,LTA,Medical
Reimbursement and SPECIAL SALARY.

-On an average ,basic is around 25% of CTC and PF is calculated on
this amount.

-PF authorities are insisting that special salary too should have
been taken into account while calculating PF and want us to pay 24%
(12%+12%) on this component(ie special salary) for all the employees
who have worked with us for last 10 years.

Query- Is the stand of PF Department legally correct?

Thanks in advance for your responses.