can anybody tale me what is core accounting? in detail.

Hi all,
My Question is that when GTA's liability arise?
on time of payment to transporter or when amount of transportaion being credit to transporter?
pl do reply

As per the Income-tax Act, 1961 FBT paid on ESOP's can be recovered by the employer from the employee. The same would not be taxable in the hands of employer

I'm of the view, that the recovery of FBT on other fringe benefits should also be not taxable in the hands of the employer on the following grounds:

1) FBT is not an allowable expenditure for the purpose of computation of the business income.
So, when an expenditure is not allowable for the purpose of computation of business income anything recovered towards the same should not be taxable.

2) Moreover the FBT recovered from the employee would not be treated as tax paid by him for computation of his tax liability.

Kindly give your opinion on the above.

Hallo
I have filed a return for A Y 07-08 with tax Tax payment But unfortunatly I have assumed Standerd Deduction of Rs 110000 instead of Rs 100000 so tax liablity should increase by 1000.
I have filled return on 31st march 2008

So what will happen now/What should I do now
1] Revised retun is not possible because filled on 31st march?
2]Pay Tax with penalty ie 1000+2%+penalty ?
3] wait for notice?
4] any other way?

Please suggest
Thanks
Omkar

Hello Sir

One of my client taken a loan from ICICI bank Rs 500000/- but they received only Rs.488000 and odd figures. As I inquired about the difference with my client, he said
its a loan processing fee....

tell me whether it is right or wrong... If so, how should i pass entry for the same...

Its urgent please reply asap

Thanks in advance!!!

i want to file for income tax returns.im not a salaried person, but self employed.so i keep getting cheques,but all my cheques have a tds cut.so pls help what do i do?

Is i am liable to pay reverse service tax to to govt if i received some professional service from a perseon having permanent establishment situated abroad, & i am paying the fees in foreign currency

Hello Sir,

One of my client taken a loan from ICICI bank Rs 500000/- and they are under an obligation to repay the same on monthly basis.

Can You please explain the legal requirement as per section 269SS and 269T of Income Tax Act 1961?


Thanks in Advance!!!

Can I change Digital Signature Password ?
Please help me.

or

Can I filling Income Tax Return Form (ITR) with Digital Signature. I don't have my DSC password.

if a manufacturing concern is using its own product for extracting another product does vat apply to them