can any body tell me what is the difference between high commission & embassey.

please tell

I have taken bank loan for higher education of my son out of which his fee was paid. I want to claim deduction u/s. 80-C for tution fee and deduction of interest on bank loan u/s. 80-E. Pl advise is it possible. The concerned officer argues that the deduction u/s. 80-C for tution fee is not admissible it would be allowed to son at time of repayment of bank loan. Pl advise.

As per the companies policy we receive 15 days basic salary as reimbursement of one time holiday package.This amount is received on the basis of submission of bills expensed during Holiday.

We will get this package at the year end even we didnt claim any bills. and same is received and disclosed in the salary slip.

Now my question is whether TDS is applicable on this reimbursement as it is mentioned in the policy or it would be treated as FBT.

One of my client doing business of commision & Brockrage.
They regular duduct TDS from customers commision & pay it by cheque but my query is it is valid through cheque or necessury by Electronic payment thru account.

Please tell me its urgent

I had appeared in Nov-08 PCC , but could'nt clear it , my question is that if my articleship ends by 12th September , when would my Final attempt fall if I clear the forthcoming PCC exams. Earlier my Final Attempt was to fall in Nov-10. I would be really grateful if I could receive some help in this context.

Historical cost of asset Rs 100
Written down value Rs 75

Sold the assets at Rs 150. That means profit of 75 Rs.

I heard that out of this 75 Rs profit, 25 Rs will be credited to P&L A/c and 50 Rs will be transferred to capital reserve. Is this treatment correct?

If yes, under which AS/ASI can I read about this treatment method?

Suppose
1)FIRC not taken from the bank and bank is also forget to give then what is the liability of assessee ?

2)After receiving again we can send back to the person who has send the foreign currency ?

A fixed asset with historical cost of Rs 150 & WDV of Rs 100 have been revalued Rs 150 and accordingly revaluation reserve of Rs 50 has been created.

Lets assume, the asset is subsequently sold for
Situation A for Rs 175
Situation B for Rs 120

What will the accounting entry and finally where will be balance in revaluation reserve be transfered?

Company A is seling goods in india imported from europe.For selling goods Company A received reimbuserment of expenses incurred in india like advertisement ect. from abroad in foreign currency.
1) Is service tax applicable ? co selling goods only.
2) Is reimbuserment in terms of foreign currency attract ECB rule ? if yes then what ?
3)If FRIC is forget to take then what ?

If an old Fixed asset (WDV - Rs 5000) exchanged for new machinery (fair market value - Rs 10000)

What will be the accounting treatment?