i have wrongly entered 2008-09 instead of 2009-10 in challan 281 as assesment year and the payment is already made..if i want to change that as 2009-10 what i have to do? please answer this.....

What is the tax implication of gift given by father to daughter? Is there any exemption limit or is it fully exempt?

Our CA has come up with list of proofs to be submitted as per rules of Income Tax Act for FY 2009-2010, PLEASE CONFIRM WHETHER THEY ARE INLINE WITH INCOME TAX ACT OR IS HE ASKING SOMETHING EXTRA?
1. HRA10(13A):
a. Original Rent receipts
b. If monthly rent exceeds Rs. 3000/- copy of LEAVE & LICENCE AGREEMENT IS REQUIRED
c. Rent receipts shall show complete ADDRESS OF LAND LORD WITH PIN Code

2. Medical Expenses 17(2):
a.Bills of Medicines along with DOCTORS PRESCRIPTION

Hi
I m Ali, I m working as as accountant in Gulf since 6 months. I hold an MBA degree in finance as major and marketing as minor. I have completed a course in SAP (Fi/Co). I had worked as Customer Service officer in icici Direct for 30 months.
my question, is it for an MBA possible to grow in accounts field.
please help me and what major steps should i take to make my future bright.
suggestions.

PLEASE VERIFY PAN NO. AIPPK7669A
& AACHD3578A

What is the meaning / definition of Commercial establishments or complexes as per section 2(e)(a) of Wealth Tax Act

Can a director be appointed directly as a Director without being appointed as an Additional Director in a private Company if yes please do provide under which section

We install a transformer (treating as assets) to our factory. We paid some labour charges bill for install a transformer. So, TDS applicable on this labour charges bill when labour charges expenses book in assets a/c.

Simililarly, we purchased a machine and party has given bill including labour charges amount. We book bill(including labour charges) in assets a/c. So, here same TDS applicable on this labour charges bill when labour charges expenses book in assets a/c.

We purchased a Truck from A Co. Rs.560000 (Including separate bill of Labour Charges Rs. 60000/-). But total amount Rs. 560000/- finance by IndusInd Bank.So, how will we deduct TDS on Labour charges amount because total amount paid by IndusInd bank if we deduct TDS then A co's debit balance will show in our books for . But We can't force A Co. to pay TDS amount. So, what we will do in this matter.

Hi, me and my friend have started a website. We have registered the domain name and the hosting account. If we mention copyrights reserved at the bottom of the website, does it mean that we have the copyrights for this website. If not do we need to be a partnership firm or company to register copyrights.

Also I guess we need to be a partnership firm or a company to sell this website to someother company. So how much will it cost to start a partnership firm in india and what are the rules attached with it

A Company is not having sufficient revenue for giving arrears of salary but it has huge balance in general reserves.

Method 1:
Can it debit General Reserve directly

Method 2:
or the arrears of salary has to pass through P&L A/c only and later on debit balance in Accmuluated P&L is set-off against General Reserves. In that case, P&L will show a loss but if former is the case, P&L will continue showing profit.

Personally, i think method 2 only is allowed as arrears of salary is an expenditure and has to be matched against revenue to find out Net Profit in spirit of AS 5.
Though company is insisting on method 1, Can it be allowed?