Anil Chavan
28 August 2009 at 11:01

FBT on petrol expenses

Dear Sir

We are paying Rs.3000/- to our 4 employees against reimbursement of petrol expenses. It is a part of their salary. Before this budget we paid FBT on the same, but after the budget FBT is abolished. Then my query is that now we are not paying FBT on it, then is that reimbursement is taxable in the hands of employee? We need to deduct a TDS on it or not?
All employees are submitting petrol expense bills for reibursement every month.

Regards
Anil


surendra bhutoria
28 August 2009 at 10:56

not conducting AGM

dear sir,
if a company is not in a position to prepare its final accounts due to unavoidable circumstances and consequently wants to defer the AGM by another six months and wants to conduct AGM in March,2010. is it possible, if yes, then what is the procedure. if not, what are the consequences for not conducting AGM within time.
secondly, as the final accounts are not prepared, it will not be able to file the income tax return for the asst year 2009-10. till when filing of return can be deffered and what are the consequences?
please advice.


DHARMESH
28 August 2009 at 10:41

Service tax applicable on rent

Dear Sir,

Can you help me, I have a question of about Service tax related:

Servicetax is applicable on Office rent?If yes then give me Rate and How much amount on?

I have paid our office rent monthly 95,295/-

regards,
Dharmesh


Anil Chavan
28 August 2009 at 10:39

FBT on petrol expenses

Dear Sir

We are paying Rs.3000/- to our 4 employees against reimbursement of petrol expenses. It is a part of their salary. Before this budget we paid FBT on the same, but after the budget FBT is abolished. Then my query is that now we are not paying FBT on it, then is that reimbursement is taxable in the hands of employee? We need to deduct a TDS on it or not?
All employees are submitting petrol expense bills for reibursement every month.

Regards
Anil


PRITAM
28 August 2009 at 10:35

Exemption u/s 54

Whether a fully furnished flat purchased by an individual assessee, and the agreement entered between the vendor & the buyer includes the amount of the flat plus the furniture provided by the vendor. so whether in this case can the assessee claim exemption for the whole agreement value or only for the flats value under section 54 of I.T.Act.


sudha-swati
28 August 2009 at 10:31

Unrecorded purchas of Previous year

Unrecorded purchase of F.Y. 2007-08 is recorded in F.Y. 2008-09 in books of Accounts. Whether it should be treated as prior period item ? whether it should be disallowed in computation of Income as per I.T. Act?


pratik
28 August 2009 at 09:32

articleship stipend

hello, i want to know if the stipend received during the ca articleship is taxable in the hands of the article or exempt? and if exempt under which section? hope anybody would answer my question and help me out. thanks in anticipation


CA Sumit Tayal
28 August 2009 at 08:27

urgent reply

what is Orientation Programme for Campus Placement Programme.
urgent
Reply
please


CA.CS.V.Viswanathan
28 August 2009 at 08:03

Claming TDS Credit

Respected Experts,
I have come to know that TDS Credit is not available on the basics of Form 16-A is that correct?
I have come to Know that Income Tax Department via tin-nsdl.com provided Details of TDS Deducted by the parties, on the basics of which TDS credit is available. is this information correct??

i have also come to know that the Deductor must file TDS Returns in time , for us to claim the TDS Credit.

please Clarify me in this issue


santhosh
28 August 2009 at 07:06

Companies Act

Sir, Is it necessary for a company to announce the result of postal ballot at a general meeting held after completion of the postal ballot? Please quote with reference to the appropriate provisions of the COMPANIES ACT,1956.

Thank You






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