When an employees resigns from organisation and also withdraw the balance of provident fund accumulated in his PF account, then amount of such PF is taxable ? and if taxable under which head it is chargeable, i mean Salary or other sources ?

"Employee leaves the organisation and withdraw PF within 5 years from the date of joining."

IT IS URGENT

Hi Sir

Plz Solve My Query

Afer online payment of TDS due to internet error Acknoledgement is not generated and Amount is debited from our account so from where i can get Acknoledgement? plz reply urgently

Respected Sir,

Please answer the following Tax Queries. I will be thankful to you.

1. My Father has sold a resident house which was kept vaccant for more than 4 years in his town. The house was given by his father in 1982 to my father. My Grand Father is no more. The legal document are in my father name from 1982. The resident property was sold for Rs.4,60,000/- in F.Y.07-08. The same amount was deposited in Capital Gain account scheme in december 2007. And he has created a HUF (only PAN applied) under which status it is Taxable (i.e.Individual or HUF). Is interest received from Capital Gain account scheme is Taxable or Exempted. If it's exempted under which section till now my father did not purchase a Resident house. Now he like to claim the invested amount under which section can he claim the deposited ("Capital Gain Account Scheme Rs.4,60,000/-) amount. What is the procedure for creating HUF? (already only PAN is applied). Please help me.
2. My Grand Father has deposited in my name. Now I am 20 yrs when I was minor (is in UTI Childrens Tax Free U/s.64 & ARS Bonds) for Rs.50,000. I have been receiving every 6 month the interest. Before the maturity date the entire amount deposited is UTI (Childrens Tax Free U/s.64 and ARS Bonds) are withdrawn i.e. the entire amount Rs.50,000/-. Myself have separate PAN & Regular return Filing Assess. What is the tax treatment & to whom it is levied? Rs.50,000/- is only the principle amount.

Respected Sirs,

As TDS is deductible on job work charges, is their any liability comes of service tax on job work. Should the job worker charge service tax on job work bills on which TDS is also deducting. Please guide and also please let me know the book in which this type of information is available.

Regards

A pvt. ltd. company formed in February 2008 and got the certificate of business commencement in 15.05.2008, has the following positions as at 31.03.08:
a)No expenses have been incurred except preliminary expenses,
b)It has purchased furniture for office on 13.03.08 and incurred preliminary expenses,
c)It has placed order for purchase of Raw Material to manufacture a product on 5.05.2008, purchased furniture and incurred preliminary expenses during the year.

My queries are as below:
i) Whether company can be said to have commenced business as at 31.03.08 in any of the situation?
ii) What should be the accounting treatment in each situation for-
a) Preliminary Expenses
b) Purchase of Furniture
iii) Do I have to prepare P & L Account for the year ending on 31.03.2008.

I have a opinion that P&L A/c should not be prepared until business is commenced. But then a problem arises what would happen to the depreciation on furniture and audit fees paid to CA for the year 2007-08.

Further I am confused because as per para 51 of AS- 26 expenses which does not bring into existence any intangible asset should be charged to P&L A/c.Hence preliminary expenses should be charged in P&L A/c.

Please answer in detail as I Have to finalise the Balance Sheet of such company.

i want to pay tax on dividend for the acct. year 2006-2007. which challan i can use for that either 280 or 280 & under which section 194 for 106 of income -tax? pls. clarify this as soon as possible.

thanks

Hi,

My Query is as follows:

The Last Exam of CA - Final (Existing Course) will be held in NOV'2009.

Whereas the CA - Final Exam (New course) will begin from NOV'2008.

Does the student have an option to appear between Existing Course or New Course for NOV'2008, May'2009 and NOV'2009 attempts.

Regards,

Nitin
nitinchakor@yahoo.com

1.Assessee working as builder gross turnover is 15L.
OR
2.Assessee is working as Interior Designer turnover 15L.

Wheather tax audit is applicable in both the cases under professional catagery or only in case no 2?
If the assessee not having professional qualification, can he decide on in which catagery to fall in?

Sir ,

One of our group company is running in loss of 2Crores it is a private limited company , can we claim the said loss after merger of same with a profitable unit

MODULE OF PCC IS VERY HUGE. IS THERE ANY WAY TO AVOID IT TO SOME EXTENT?