is medical reimbursment exemption upto Rs 15000 taxable under FBT....

A&B is a partnership firm
net profit after remuneration is Rs.18,62,230/-
remuneration to partner(A) is Rs.2,40,000/-
1. how will i calculate income tax ?
2. is tds applicable on remuneration of Rs.2,40,000

Hi friends,

I have completed C.A PE II now i want to do MBA course can any body suggested me to do MBA Ignou/ open university which one is better for my future.

I purchase a machinery for my plant purpose. I take the machinery under the head of fixed asset. input vat is 12.5% charged on the machinery in invoice. shall i claim input tax on the said machinery.is it capital expenditure or revenue expenditure.

will the basic exemption limit of rs 800000 be deducted from the total receipts to arrive at the figure that is taxable under service tax.
is there any such provision for a first time service tax payer?

we have received rent inculding service tax whan we deduct tds inculding service tax ore not.

what do we mean by "Rollover" in stock market?

Dear Sir,

One of my Client, willing to gift a money of INR in the form of Swiss franc to his Brother at Switzerland. What is the taxability of the amount remitted as foreign currency in India . Hope there is no DTAA between the Home country and receiver's country for Gift. Insuch acase , What is the Procedure he should comply.

Dear Sir/Madam,

I am Anu, CA finalist. My exams are due in May2010 and I will finish articleship in Oct10.

1) Please tell me which international qualifications exist which can be pusued from India itself and are valued in the market. I can give few examples i.e. CIMA, ACCA, CPA, CISA, you can always tell me more. What are the prons and cons of each one...which one would be best for me professionally?

2) Kindly tell me the few professional/monetary valuable best fields to concentrate upon during my studies so that after completion of course, I take a job in that field..say investment banking or ......

Actually I want 2 qualification .. one is CA and another one you would suggest...., and these 2 qualifications should be professionally sufficient to get a top notch job in 3-4 fields you suggest me to concentrate upon...???

Thus, please tell me qualification to pursue and fields to concentrate..

Thanks & best regards,
anu

A has taken premises on Rent from B and paying monthly Rent. While paying Rent A is deducting TDS on Rent at the rates prescribed u/s 194-I (IT Act).
 
As the premises being used by A and its subsidiray company C, A is allocating some portion of Rent to C.
 
Query:-
 
* Whether C is liable to deduct TDS on Rent paid to A?
* If A is allocating some other office expenses also to C on the basis of certain fixed percentage then whether C is liable to deduct TDS on the payment made to A?

Can the assessing officer may object that C is showing expenses but there
is no TDS has been shown/ deposited by the company in its TDS return ?

Your early reply is highly appreciated.
Best regards