plz make available me the depreciation rates under written down value & Straight line method for company.

Are Coperative Societies (engaged in Banking Activities)exempt from Banking Transaction Tax?

Pls. reply Soon.

Regards,
Shefali.

INSURANCE TAKEN FOR THE EMPLOYEE FROM FEB'08 - JAN'09.FOR CALCULATING FBT CAN WE TAKE THE WHOLE AMOUNT(INCLUDING PREPAID EXPENSES).OR ONLY A PART?

Private limited company-closely held has created one trust for the purpose of ESOP.

Do this trust required to be regitered under Income tax Act,1961. If yes, under which section it needs to be registered?

Also please furnish any more information on above subject

Perqusite to the extent exempt for employee is attrcts FBT or not?

Medical Reimbursement is applicable for employee's family i.e. his father, mother , brother , spouse etc.
If both father and son is working in different organisaion and medical reimbursement on the basis of same bills as photocopy of bills are presented.
Is it right or not.
If not how can it be avoided????

sir, i am dealing in purchase and sales of shares on delivery basis. if my sales exceeds 40 lacs then i have to audit. we have received three statements from our broker 1) contract notes 2)profit&loss account 3)ledger . by providing all these statements to my CA, audit will be possible or not. i know audit is neccesery of all all the above three statements but regular books as a businessman prepares ,how it can be possible in our case when we have only above three statements. pl carify.

Whether Medical facility other than Reimbursement up to Rs. 15000/- i.e. ( in emplyer's hospital or any other hospital u/scheme CGHS attracts penalty?????


Regds/
Anil Jain

sir, i am dealing in purchase and sales of shares on delivery basis. if my sales exceeds 40 lacs then i have to audit. we have received three statements from our broker 1) contract notes 2)profit&loss account 3)ledger . by providing all these statements to my CA, audit will be possible or not. SIR SOMEONE TOLD ME THAT YOU HAVE TO PROVIDE ONLY THREE ABOVE STATEMENTS AND NEED NOT TO MAKE ANY ACCOUNTS PL CLARIFY WITH ALL THE ABOVE THREE STATEMENTS ACCOUNTS MAINTAINCE IS NECCESERY OR NOT?

Whethar Allowance which are exempt under sec.10(14) on the bais of expenditure actually incurred attracts FBT??
As it is not taxable at all in any hand.

Regds/-
Anil Jain