A individual who is a salaried employee opens joint SB A/c with his wife who has no income of her own. His wife's name appears as the first A/c holder. Both of them individually can operate the account.

The question is - should interest earned on such deposit be taxed in the hands of husband?

If yes, kindly provide me with Income Tax section reference.

Thanks.

sir,
pls tell me what is learning curve ratio?how it is applied in labour overheads?

IS FILING FC-3 RETURN ONLINE IS COMPULSARY ?

I want to join top 4 firms in my last 10 months of articleship period as an article.I will continue irrespective of the result.Do I have any chance please advice me.And please provide me address and email ids of top 10 firms in kolkata.

Respected All,
One of my client doing business of work contract of Hospital pipe line. but the hospital could not deducted TDS on that & we are charges 4% vat on contract amount. Is it right procedure or anything wrong in it? anything problem will create in future due to not deduction of TDS on contract.
Awaiting your valuable guidence.

In a querry asked by Mr Shrinivas on 16.06.08 on FBT , Mr Shekhar has replied that FBT is applicable on Companies and not on Partnership Firms and Sole proprietorship firms.. As far as I know Partnership Firms are liable to pay FBT, yes proprietorship firms are outside the purview of FBT. Am I right.

As per this section it is given that company in which public is not substantially interested so it means it is pvt. co. If director withdraw some amt for purpose of business & in account of that company director a/c balance is in Loans & Advances then whether Director / shareholder chargeable to tax? whether company liable to deduct TDS as per section 194 ??

If any body can provide with a specimen main objects clause of a CABLES manufacturing& Trading activity, please provide.

1) IN PDF FORMAT OF ITR-2 OF INCOMETAXINDIA.GOV.IN SITE, SCH-CG, ROW B5 MENTION THAT IN TIME OF ADDING ENTER NIL IF NEGATIVE BUT IN EXCEL FORMAT IT AUTOMATIC TAKES (-)VALUE.
WHICH ONE IS CORRECT ?

2) IN EXCEL FORMAT FORM AVAIABLE ON THE SAME SITE TOTAL OF SCH-S & SCH-HP TOTAL FIGURE NOT TAKEN, THAT IS WHY FIGURE NOT TAKEN IN SCH-CYLA.
HAVE YOU ANY RIGHT FORMAT. PLS. ADVICE.

S.K.AGARWAL

Whether Actuarial valuation done by a Qualified Actuary employed by an Insurance organisation will comply with the requirements of AS 15?
As per the guidance note on AS 15 issued by ICAI (published in June 2007 - CA Journal), it is not necessary to get a separate Actuarial Certificate, if the Insurance company has made the Acturaial valuation by a qualified Actuary.Further I would like to know if there is any judicial pronouncement regarding this matter after June'07.