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

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. whether i have to maintain any accounts in addition to providing all the above statements or there is no need of it. SIR SOMEONE TOLD ME THAT YOU HAVE TO PROVIDE ONLY THREE STATEMENTS AND NEED NOT TO MAKE ANY ACCOUNTS

we have short term capital gain of Rs.50000/- U/S 50 but as per book profit on sale is coming to RS 550000/- due to That we have to pay Tax U/S 115JB. Now my question is whether can we invest U/S 54EC to save TAx U/S 115JB by investing in bonds of NHAI/REC ltd.

Thanks

Hi frnds,
My Final exam is in May 09. Can u plz tell me what is the revelant Finance Act applicable to me.Is it Finance Act - 2008 or Finance Act- 2009...Also, is there any cut-off date regarding the Notifications, Circulars for applicability to the exam ?

What is the difference between crossed cheque and account payee cheque?

Because there is a modification u/s 40A(3) for payment made more than 20000/- from crossed cheque to account payee cheque.

ABC is a private limited company engaged in pharmacy distribution. During the year the company has paid 100000/- for private journey of MD and his family.In this case I would like to know will it be considered as private expenses of MD or company can claim as business expenditure and pay FBT. If FBT then what would be FBT percentage.