The scheme says that the premimum paid by the Company for the Life Insurance cover on the life of their Employee will be exempt from tax u/s 37(1) and the maturity proceeds will also be tax free in the hands of the Employee U/s 10(10)D.

Please be kind enough to enlighten me weather the above sections are correct or not.

Please clarify

Awaiting your reply.

sir,
i am student of P.E.II taking admission after graduation for P.E.II & i am giving 5th attempt of examination & i have also passed II group if i am not passed in group I in june 09 last attempt of P.E.II then what is option available for me & what about my II group which is already passed.

Friends,

I want to know whether one can utilise credit of service tax paid on input service against other output service.i.e. whether nexus is required between input and output.


Thanks

sir ,i am a student of ipcc, i am finding it difficult to understand the law bcz the language is tough, can u plz provide me any e book link of law book or complete notes of aanyone for exams, also can u provide e books or suggested books for group 1 of ipcc. i like that books which provide illustrations.



shobhit chandra

sir ,i am a student of ipcc, i am finding it difficult to understand the law bcz the language is tough, can u plz provide me any e book link of law book or complete notes of aanyone for exams, also can u provide e books or suggested books for group 1 of ipcc. i like that books which provide illustrations.



shobhit chandra

mr. b. srinivasan

it is provided in the act that a return can be revised only when original return is filed as per sec. 139(1).

in my case the return of a.y 08-09 was filed in march 09 then how can it be revised?

please clarify

SIR,

MY CLINET HAS FILED RETURN OF A.Y. 08-09 ON 18TH MARCH 2009. CAN HIS RETURN BE REVISED NOW?

In our company we didnt claimed cenvat on service tax of earlier, due to lack of knowledge on our part, Now we are taking the cenvat credit for last 3 years and it amounts to about Rs 5 Crs (our yearly turnover is Rs2500 crs, profit/loss is Rs 11 Crs, hence material).

My Query is how to show in P&L.
As a prior period item or as a exceptional item.
Also do we have to add a explanation for the same

For eg say: we have deposited the tax of rs.2 lacs out of the 5 lacs of self assessment tax and we deposited the remaining 3 lacs after december with interest of say rs.10000/-.My question is how the interest part will be treated in the books?will it be treated as an expense or not?if yes or no then why? please clarify.

I am a 20 years old self employed.

If I pay health insurance premium of Rs. 20000.00 for my parents who are 45 years of age, will it quality for deduction u/s 80D over and above Rs. 15000.00 that I pay for self.

My parents are financially not dependent on me.

Please advice,