Sir,

Is it necessary to write CC papers for getting eligibility for Ca final exams.

Pls tell me also latest amendments taken by the institute regarding CC papers.

Thank's to All sir's who answer for my questions.

Answer to be sent immediately

Sir,
Agriculture Income is exempt or partially exempt or not, what is the limit of exempt agriculture income and what's the slab for calculation of agriculutre income in I.T.

Please provide a brief detail for that topic.

Suppose I take my LTA for 2007 & 2008 in the year 2009. So in such case how the IT will be calculated because LTA is exempted twice in a block of 4 years. So whether LTA is taxable on accrual basis or receipt basis after examining the earlier exemption.


Similarly suppose I take medical reimbursement for the year 2007-08 & 2008-09 in 2009-10. Both put together are not more than 30000/- So in that case the deduction of Rs 15000/- p.a. can be claimed or only Rs 15000/- can be claimed and balance 15000/- will be taxed

Sir,
Our client has invested Rs.50000 in PPF a/c in his own name and Rs.50000 in his wife's PPF a/c.
Now, I would like to know whether he ll get deduction u/s 80C for Rs.50000, 70000 or Rs. 100000 in respect of this transaction.

Sir,
Our client has invested Rs.50000 in PPF a/c in his own name and Rs.50000 in his wife's PPF a/c.
Now, I would like to know whether he ll get deduction u/s 80C for Rs.50000, 70000 or Rs. 100000 in respect of this transaction.

Sir,
Our client has invested Rs.50000 in PPF a/c in his own name. Rs.50000 has been inveted by his son in his own PPF a/c.
Now, I would like to know whether he(father) ll get deduction u/s 80C for Rs.50000, 70000 or Rs. 100000 in respect of this transaction if he wants to claim PPF investment made by his son?

Ours is a limited company and we are having 3 subsydary companies. In the recent Income Tax asst. the assessing officer has disallowed the Interest on advances paid to the subsidaries because the reason there is no business association between the companies

In my view the aove companies are wholly owned subsydaries to the parent company and we are advanced the monies as interest free loans to them and presently all the companies are in prelimanary stage.

please advice if it is correct or not

SIR,

WHAT IS THE CURRENT YEAR TDS RATE FOR FINANCIALYEAR-2009-10 ASSESSMENT YEAR 2010-11
PLEASE TELL ME SIR

SIR,

WHAT IS THE CURRENT YEAR TDS RATE FOR FINANCIALYEAR-2009-10 ASSESSMENT YEAR 2010-11
PLEASE TELL ME SIR

If we purchase bed, bedsheets, pillow, towels etc for a service apartment worth Rs.40000/-. My query is whether we should treat this as revenue exp. or capital exp. and why? Under which head?