1) Mr X bought a plot of land for Rs. 28,000 on Feb, 1982.
2) He want to sell it for Rs. 6,00,000 during the month of Dec, 2007.
3) What will be the tax he liable to pay?
4) How can he exonerate from this liability? and he can do anything to avoid tax.
5) What are all the documents to produce before the Tax Authorities for buing, selling or otherwise reducing his tax liability?

1) An employer refuses to act according to the provisions of Income Tax Act in collecting tax from his employees, but repeatedly says that he should collect the respective TDS as per the circular instructions of his head querters and he is liable to obey only such intructions;
2) The said circulars are fully wrong in delivering the intructions regarding TDS without following strictly the provisions of the Act;
3) How can I advice him?

1) An employer collected TDS from his employee say on 28th September;
2) What will be the last date to credit such proceeds to the Central Govt Account in this instant case?
3) If the employer does not do do so due to any reasons, what will be the remedy for the employee? Will the employer be held liable for his act? If so, what are all the liabilities?

Dear Mr. Gul and Mr. Ravi Kumar,

Thank you very much for your reply to our querry for medical reamburshment.

Our company is still saying that FBT needs to be decucted.
The fact of the case is
1) Rs. 1,250/- pm deducted by company so total Rs. 15,000/- pa
2) We have to claim, say Rs. 18000/- as medical reamburshment and company is reamburshing Rs. 15,000/- by cheque and not by crediting in salary account. So Rs. 15,000/- is not forming part of the salary.
3) the company is saying that Rs. 1000/- will be deducted form Rs. 15,000/- as company have to pay FBT on Rs. 15,000/-.
3) I understand from your reply that upto Rs. 15,000/- there is no FBT.
4) I request you that can we have some support for the reply so that i can put before the company.

CS Jatin Vora

1) I was the student of Intermediate course, and have completed articleship, but could not pass any group of Intermediate exams and appeared Professional Education -II but not passed any group;
2) Shall I apply for conversion to Professional Competence Course?
3) Shall I eligible to get transition to Professional Competence Course for the reason that I have not passed Foundation Examination?
4) Whether transition to Professional Competence Course is available only if I have passed Foundation Examination or CPT conducted by the Institute?
5) Shall I get full credit of 3 years of articleship already completed?

Query 1


Employee working in a company leaves the Job from Company without giving the Notice.
So the Company deducts the Notice Payment at the the time of full & final Settlement of the employee.
Whether Employee would be able to take deduction of Notice payment from his Salary Income

Query 2

The Second Company Reimburses to the Employee the Notice Pay Paid by the employee to the previous company.

Whether the recovery of Notice Pay made my employee from the current Employer would be considered for taxation for computation of Income of Employee.

Kindly quote with relevant Text, judgement or Notification if available

I need to improve my writing skills can any one help me. How to improve my writing skills or any book to refer.

is this right in poolin interest method in amalgamation that transferor have transfer reserve & surplus in his book to share holders as it is ultimately transfer to transfaree company and amalgamated in his books how could it be ?

what is entry in case of pre.shareholer should pass in transferor books in purchase & pooling interest methods.Is
this right in PIM method that in tranferor books we have to debited preference shares and credited preference shareholsers then pay it off from consideration received from the transferee company. what ? arises when pc does not includes it how could it be happen.

pls solve this.
as no.of time i usually see that purchase consideration includes payment to preference share holders also but as per AS-14 could it be right in sence no. of author used to this technique or only equity share holder are liable to receives P.C.