Hi Experts,

I am confused about FBT provisions in following cases.

==>Food & Beverages:
1. We have our own kitchen within factory, for providing foods to our empoyees and incurring exp. on the same. As per my opinion there is no FBT applicable in this case. Right or Wrong?

2. During office hours we are providing food to employees or others and the said food is purchased from the hotels and served the same within office or facotry premises. As per my view FBT will not be applicable to this case. Right or Wrong? What will be position if exp. on such transaction is incurred by empoyee and later on reimbursed by company.?

3. During office hours employee remained out side office for office work and he has taken luch at some restaurant and the exp. is either paid or reimbursed by the company. As per my opinion FBT will be paid on such case as the food is provided outside factory.

==> Foreign Travelling:
1. Exp. on foreign travelling include Hotel, ticket & food.
2. Exp. is incurred for Director and his wife (wife is not a director).
3. Exp. is incurred for personal Foreign Tour.

In above situation, whether FBT on the Hotel & Food exp. will be paid as per provisin related to Tours & Travelling Exp. (5% clause) or shall be treated separetly as per Hotel & Food cluase of FBT (20% Clause)

Whether Exp. related to director's wife will be disallowed from computatin of income or FBT can be paid and the same can be taken as expenditure.?

thanks
Rohit

Dear Sir/Mam

If a company wish to enhance its authorised share capital,what should be the stamp duty applicable in the state of haryana on the Form 5.

Best regards,
Kumar

following amendmend shall be aplicacble for nov pe-2 examination valuation of perquisite in respect of:
mator car;
free transport;
lunch;
travelling;
grift;
credit card;
club exp.
also give link for amendmend which related to examination of nov pe-2

following amendmend shall be aplicacble for nov pe-2 examination valuation of perquisite in respect of:
mator car;
free transport;
lunch;
travelling;
grift;
credit card;
club exp.
also give link for amendmend which related to examination of nov pe-2

respected sir, if i made contineous return of income for three year and after , i stop to make return for two year , is threre any penlty for starting a return after exit for two year, if i want to start to make return ?

Can a partnership firm be a partner in another partnership firm.
say A&B Firm has 2 patners - A & B. Now can this A&B firm hold substantial interest (say 90% etc)in another firm like C&D Firm?

Dear Sirs,

Ours is a registered Society in Andhra Pradesh.

Our Activities:
Providing free medical treatment and free shelter to the disabled animals like dogs, cats, cattle, donkeys, horses and wildlife.

Position:
To secure income to feed our animals (around 200 cattle rescued from illegal transportation), we are producing organic vegetables, spirulina and milk products (from few milking cattle) and selling them through our shop.
We are planning to produce food grains from our own land.

Query:

1. If we continue our business, Is it effect our 12A
2. Since we are proding free medical care to the animals, can we treated as Medical relief society, which can continue their business to raise their own income for sustainability

Could you tell me which are the best site for latest Income tax and service tax case laws and whether they are paid site or free.

How to prepare for PCC? Some suggestions please?

Dear Sir,

While auditing the civil / construction bills,what are the aspects that I have to consider.When I go through civil bills, I couldn't understand the nature of work carried out in the site as they are in civil engg.terms.Is there any guidance note in respect of audit of civil bills.Please guide me in this regard.

Thank you