Mrs.X aged about 55 Yrs having the income of Rs.500000.00 for FY 2008-09 from interest on ONR Account with Indian Bank.

1. Is there any special provision of Tax Rates ?
2. Will she get the benefit of tax free income limit up to Rs.150000.00 ?

Hi

I am a CA working as a full time employee in a MNC. Can someone plz help me out if what kind of work I can do if I take COP while continuing with my Job??

Dear experts,

As per the companies act. shedule XIV notes in the schedule, if the cost of any individual assets purchased does not exceed 5000/- then that assets shall be depreciated at the rate of 100%.
Now my question is that whether these assets shall be depreciated at the rate of 100 % i.e assets used for less than 365 days shall be depreciated at the rate of 100% for the no of days for whcih the assets has been used or the assets shall be dpreciated fully in the year in which it has been purchased irrespective of the no. of days of use.

Kindly answer.

hi............

This is venkat doing 3 rd year of articleship in a medium size audit firm. I wanted to get terminated from my articleship.

I heard that the rules of termination are changed ( Introduced strict rules). Can any one help me in this regard.

Sir, I would like to know that when the trust is registered after specified time limit i.e. 1year how the income before registration will be taxed. whether gross income will be taxed or deduction of expenditure will be allowed. further, the process of condonation for delay in application whether applicable or not and how it is to done.

Dear Sir,

How to maintain Stock transfer voucher in tally using accounts only?

Sec 274(1) starts with the opening statement that "A person shall not be capable of being appointed director of a company, if - ..."

It does not distinguish between a Pvt co and a Public co.

Will it means if a director is disqualified u/s 274(1)(g) not eligible to be appointed in public companies as well as in private company ???

If Person is salaried & he pays 35000/-for self Medical insurance and Rs.40000/-For his fathers (Senior Citizen) then can U tell me the Deduction u/s 80 D is rs.15000/- or rs.20000/- or rs.35000/-

When New Format of Form -16 & Form-16A applicable ?

The Q4 return of tds in form 24q has 2 annexures.
My company is a pvt ltd company with 3 directors and no other employees.

In annexure 2 it is asking details of salary for the employees and their total income and the tax deducted for the same.

Now, i only pay directors salary @ 10000 p.m,and deduct tds @ 10%.

Do i have to fill in the annexure II ,
if yes then do the directors have to submit me their other source of incomes,
if again yes then do i have to consider such other source of income for deducting the tds last installment.