IS FBT APPLICABLE ON THE PAYMENT OF HEALTH INSURANCE MEDICAL POLICY (STAFF)

i have a querry. the querry is that i am receiving an amount from LIC as pension on monthly basis.
will it be taxable income or exempt income.
reply to ( caamitbansal2007@gmail.com)
thanx

1.What will be the journal entry for consumption entry to be passed at the time of monthly closing and what is the entry for short/excess items found during the physical verification.?
2.what will be the journal entry for provision for bad debts.?
3.What will be journal entry for difference in foreign exchange rate.?

Director of the Company has taken Car in his name on Hire Purchase. The down payment to the car dealer was made by the Director from his personal account. However, the instalment towards repayment of Finance taken from institution is repaid from The Copmpany's Current Account.

My query is how to account this transactions in final accounts so that there are no problems from Tax angle ??

I want to know whether an Individual's Audit U/s.44AB for the Financial Year ending 31/03/2009 to be e-filed compulsorily? Can we file the Return as usual in the IT office before 30th September?

Hi frnds,
As it is known that tax liability of charitable institutions is calculated same as to individual but my question is can charitable institutions avail the basic exemption limits as availed by individuals?

Hi this Neetal Jain........

Can anyone plz say me that the interest which is calculated as per MSMED act 2006 to be shown in books of accounts i mean a provision need to made or a disclousure is sufficent.......

Plz reply soon,....its urgent

sir,

Petrol expenses for Two wheeler(office use), will we have to pay fringebenefit tax for petrol expenses for two wheeler.

B.suresh

Can anybody tell me about current C.S.T. Rate on against C-Form Sale?

Basant Jha

A private company which is increasing the issued capital within the authorised capital limit.

whether ordinary resolution itself enough or any other procedure have to be complied.