CPA Partha Sengupta
17 January 2009 at 22:32

Form 16-Consideration of savings period

Hi all,

Kindly resolve the following query:

The date of retirement in case of an employee is 17th Oct'2008.

Now, upto what period income & savings is to be taken into consideration by the employer while generating Form 16?

Here, the ivestment/savings month of the employee is Dec'08. Should it be taken into consideration or not by the employer while generating Form 16 for the period 01.04.08 to 17.010.08?

Thanks in advance.


CPA Partha Sengupta
17 January 2009 at 22:17

Tax treatment-Home Loan

Hi all,

KINDLY RESOLVE THE FOLLOWING QUERY:

Home loan has been sanctioned by the Bank in the joint name of Mr.A and Ms. B (Husband and Wife). Now, if EMI is to be paid-
Either by First Applicant
OR
Equally by Both i.e. Joint Applicant (50% each)

1. In the above two circumstances, how the employer will allow income tax benefits while issuing Form 16?
2. In the above two circumstances, how the employer will allow income tax benefits while issuing Form 16 provided both are employed with same employer?

THANKS IN ADVANCE.


Sushant Singh
17 January 2009 at 21:01

Bankruptcy

sir,
what is Chapter 11 Bankruptcy?


CS Jithesh (ACS,)

Query(1)
I need the terms and conditions of 0% Convertible preference shares and other major conditions that has to be taken for issuing preference shares. Our company is a unlisted company. I will be very thankful if you provide me their general terms and conditions and also the steps to be followed for issuing prefernce shares (un listed.

Query 2
If the company had already issued the prefeence shares but the terms and conditions is not finalised then what are the steps to be followed.
please help me as the matter is very very urgent.


RAJESH CHOUDHARY
17 January 2009 at 17:59

other

i had appeared dec 08 but i failed in that.But i have to do pcc in further ,so is it that i have chance of doing that or i had missed ,,?
reply as soon as possible..



harish
17 January 2009 at 17:31

income tax slabe fy 2008-09

Dear Sir,

Give me income tax slabe

harish


harish
17 January 2009 at 17:05

HRA

DEAR SIR,

MY BROTHER IS WORKING IN RELIACNE AND GET A MONTHLY INCOME AS HRA OF Rs.3500.00 AND TOTAL ANNUAL SALARY IS 198000.00 HOW CAN I SAVE TAX

HARISH
ACCOUNTANT CUM CPT STUDENT
09313022338


harish
17 January 2009 at 16:59

Deduction U/S 80G

Dear sir,

DEDUCTION U/S 80G AS HRA

What is its right way to calculation.

Pls. give me it in full detail.

Harish
ACCOUNTANT CUM CPT STUDENT.
09313022338


harish
17 January 2009 at 16:56

Vat return revise

Dear Sir,

I am working in company as an accountant and return filling on quartely basis and when i filled my VAT & CST return i got some defect, wrongly i mis calculte VAT & CST both. 3 bills are pending to be enter
now so i want revise my vat & cst return and i want pay balance VAT & CST amount with intrest.

WHAT IS THE RATE OF INTREST OF VAT AND CST TO BE PAYABLE ON PENDING AMOUNT.

THANKING YOU
HARISH
09313022338


Pankaj
17 January 2009 at 16:04

Service Tax in Revenue Sharing Model

Case:
A telecom which is having its network throughout the city launches a Value Added Service. The Telecom Co. enters into a revenue sharing agreement with a content provider for providing content for this service. Agreement states that Telecom Co. will send bill to the customer and the collection will be shared between Telecom Co. and Content Provider.
Whether Content Provider can ask Telecom Co. to pay service Tax along with revenue share.

In my opinion, the content provider can not ask for service tax since there was one consumer to whom both the companies provided services jointly and therefore charged service tax from the final consumer. Whichever company collects the bill should deposit the service tax collected to Department and remaining amount should be shared between them.

Am i right?





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