Whether an educational institution(MBA)like IIPM, IFCI or any other such institutions providing laptops to students are liable to under FBT provisions?
Answer nowI HAVE DEPOSITED RS. 120000.00 TWICE AS TDS ONE IN 07-08 AND OTHER IN 08-09
HOW CAN THIS BE ADJUSTED
Our company reimburses to employees for fuel, telephon, vehicle running & maint.(including drivers salary) on the basis of supportings vouchers, which is actually a part of salary.
My different questions are :
1. Can we book the amounts as "Fuel Reimbursement", "Telephone Reimb", "Veh. R/M Reimb" or we should book directly under "Fuel expenses, Telephone Expenses, Vehicle R/M expenses".
2. Since all these reimbursements are paid to individual employees as per grade entitlements fixed, if we opt for paying FBT on these, will there be any problem in justifying that why we are not taxing it to individual employees and paying fbt on that.
3. In case of vehicle, our company also incurrs expenditure on pick/drop of employees by hiring out cabs/buses. Company also incurrs expenditure for other offical travelling (hiring of cars and expenses on owned cars) expenses done for employees, customers, etc.
Whether these expenses will also be covered under FBT along with depreciation on owned cars + expenses in point no. 1.
Hi Madam/sir
I am a May 2008 CA Pass out student and i score 58% marks in Final year. Now i am planing for further Study of IAS but get confused whther this is the right path for a CA or not?
Plz Suggest me what should i do? Go for Capmus march-april 2009 for JOB OR go for my new Aim of becoming IAS
Thanks in Advance for ur precious suggesstion
Whether family pension received by a spouse of freedom fighter is taxable or not. If not please clarify the relevant section
Answer nowWhat is the correct accounting code for Secondary and Higher Education Cess in Service Tax.
Is it 00440252 or
00440426
i get Rs 3000 pm as reimbursement towards Books and periodicals... now wherther
a) it is taxable in my hands..?
b) do i have to submit bills for that..?
c) Books can it be any thing as news paper, magazines bills etc..??
d) is company liable to Pay FBT over the same..?
e) if Bills are not submitted will i be taxed over such amount.?
URGENT
Please provide the complete procedure with relevant sections of the Act for closure of Trust of Provident fund and other relevant details
There is a pre-termination agreement between two companies, and one compnay is getting compensation in 45 nstallments... balance peried of agreemnet 36 months. whether we need to account it on accrual basis or receipt basis?.. Tax is applicable on accrual or receipt? pls advice
Answer nowHi sir/madam
Whether the stipend received by the Article Assistant is taxable or not,Please explain with reason?
FBT