Jairam
24 December 2007 at 14:53

FBT ON AWARDS

What is the value of fringe benefit in case of "AWARDS".Is awards subject to FBT?


pavankumar
24 December 2007 at 14:50

ROLE OF CS

What is the role of CS in company?


CA Anil Jain
24 December 2007 at 14:39

House Loan deduction u/s 80C

Whether only Resident house property loan is deductible u/s 80c Or Loan for shop etc.also?


CA Anil Jain
24 December 2007 at 14:37

FBT (Reimbursement of Club Bills)

Dear Sir/Ma’am,

Reimbursement of Club blls of employees is not perquisite.
Whether FBT is liable?
Bcoz in any club facility FBT is liable.


AMIT SHARMA
24 December 2007 at 14:03

books of accounts

Hello,

Please help me out.

1). I would like to know that if a retailer starts his business in a local market, then please tell me is there any creteria not to maintain books of accounts and if yes then up to what limit. and if no then what should he do, so that he should not be faced any problem in relation with sales tax deptt and income tax deptt.




thanks in advance


madan
24 December 2007 at 13:46

Accounting standards

Dear sir
1)one person take loan for purchase of shares for investment purpose. On that loan he paid interst. What is the treatment for this transaction.

2) question: This person purchased shares 4 years ago.since onwards he capitalized that interest. What is the treatment for this transaction.


CA Keshav Arya
24 December 2007 at 12:25

INCOME TAX

HOW WILL BE A PERSON INVOLVE IN DAILY TRADING IN SHARES TAXED ?
WHETHER HE IS TAXED AS LTCG OR STCG OR HIS PROFIT WILL BE TAXED AS INCOME FROM BUSINESS OR PROFESSION ?
AND WHY ? PLEASE SPECIFY THE REASON.

THANK YOU.


S SWAMINATHAN
24 December 2007 at 11:39

Allotment of shares on demerger

In a demerger scheme, the Resulting Companies allot shares to the shareholders of the Demerged Company. Whether there has to be a correlation between the value of the undertaking to be trasferred on demerger and the value of shares of the Resulting Companies? In other words, when the break up value of shares of the Resulting Company is less than its face value, should the Resulting Company allot more shares to the shareholders of the Demerged Company or vice versa?


S SWAMINATHAN

Transfer of capital assets through family arrangement from one company to another under section 391 to 394 of the Companies Act, 1956 is not regarded as 'transfer' under the Income Tax Act, 1961 and hence not liable for capital gains tax. (Recent Judgment The CIT Coimbatore Vs. M/s Kay Arr Enterprises (MAD). Whether such a Scheme can provide for carry forward and set off of unabsorbed business loss and unabsorbed depreciation of the undertakings to be transferred on such family arrangement to the new company though sec 2(19AA) is not satisfied?


Hira Singh Bisht
24 December 2007 at 10:32

TDS on remiitence from India to USA

YUF India sent sutudent to YUF USA for study and youth for understanding (YFU)India remitted amount to YUF USA for insurance of students, Travel expenses and high school semester fees.
whether YUF India have to deduct the TDS on above remettance , if yes at which rates and under which section.
Is any DTAA agrements are exist between India and USA.

All above remmitences are reimbursemet because the fee has been deposited by the YFU USA.






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