Respected sir,
I have two sons and two daughters. All have got married. I have gifted a sum separately to my both sons through gift deed and they have formed their own HUF. Now I also want to create my own HUF by accepting gift from my old aged mother. Is it possible?
Beside this my question is that my both sons have their own independent HUF then will they be a part of my HUF and they are married.
If it is possible for you then please reply on subhneelmishra@yahoo.co.in
Thanks with regards

(Subhash Mishra)

who are the best faculty for MICS in HYD.

I am arranging Buyers credit facility for a customer, through a bank based in Singapore. Can you plz tell me at what rate withholding tax will be payable by the client. Also, if you can tell, what will be the process of paying this withholding tax.

Our Company is going to organise a Dealers' Meet for which all the Boarding & Lodging, Travelling, Sight seeing, Entertainment, Local conveyance, Gift expenses will be borne by the Company ?

What will be tax implications regarding FBT.

Are these expenses to be taxed under different heads or they may be taken collectively under the head "Conference"

Please provide me a detailed note so that I may plan the budget and make provisions.

Dear All:
Can you guide me for the following:

I would like to know that whether a CA in practice can have a different sole proprietorship under his/her name??
Example, suppose I am Shilpa, having CA firm in the name of Shilpa D. Raut & Co., in such case can I be the sole proprietor in the name of XYZ Financial Services???
Can I accept the outsourced whole time work under such name???

Please help me.

Thanks
SHILPA

if a housing loan is taken on 02/02/2006 on property which is under construction which will be completed on 07/07/2009.
suppose interest paid from 02/02/2006 to 31/03/2009 comes to Rs. 275000/- and frm 01/04/2009 to 31/03/2010 Rs. 165000.
how deduction will be allowed?

I HAVE DEPOSITED RS. 120000.00 TWICE AS TDS ONE IN 07-08 AND OTHER IN 08-09

HOW CAN THIS BE ADJUSTED

Our company reimburses to employees for fuel, telephon, vehicle running & maint.(including drivers salary) on the basis of supportings vouchers, which is actually a part of salary.

My different questions are :
1. Can we book the amounts as "Fuel Reimbursement", "Telephone Reimb", "Veh. R/M Reimb" or we should book directly under "Fuel expenses, Telephone Expenses, Vehicle R/M expenses".
2. Since all these reimbursements are paid to individual employees as per grade entitlements fixed, if we opt for paying FBT on these, will there be any problem in justifying that why we are not taxing it to individual employees and paying fbt on that.

3. In case of vehicle, our company also incurrs expenditure on pick/drop of employees by hiring out cabs/buses. Company also incurrs expenditure for other offical travelling (hiring of cars and expenses on owned cars) expenses done for employees, customers, etc.

Whether these expenses will also be covered under FBT along with depreciation on owned cars + expenses in point no. 1.

Is TDS should be deducted on when works advance given to client?

My client company says they are Registered with Excise duty & VAT and that was fully paid So TDS should not be deduct on their bill amount. Is there is any provision like this.Plz tell me?