Dear experts,

My friend gets salary of Rs 225000/-pa. The company giving a house worth Rs 50lacks with a consideration to work for 5 years. The company will enhance salary of 10laks for one year for five year it will be 50lacks.the Company will say you have to pay income for Rs 10lacks every year for five years, totally for 50 lacks.
If he receives house worth Rs 50lacks as a gift from company what will be the gift tax?
And he agree to pay income tax for 50lacks in 5 years, wht will be the income tax.
Please suggest.
Thanking you all

what should be the accounting treatment of purchase of a plot on installment.the total purchase cost is 5500000, and in the 1st year , 1790000 was paid as installment . what should be the treatment in 1st year . should it be recognised as expense or an assets if the possession was not transferred.

I had been working with a US registered company initially in India and then in USA ,London and then again in India. The shares of this company are still UNLISTED. During the period of working with the company I was allotted 25000 shares periodically at 1c per share. Now after holding the shares for about 6 years, the company has offered for buyback at $5 per share.
Presently I am working for a different company registered in India.
In case of offering my entire holding against the buyback offer, what would be income tax implications for me. My present earnings as individual are more than 25 lacs per annum.

Hi friends, plz help me.
I am applying for Associate Membership no. of ICSI alongwith with this i want to apply for CP no. also but i don't know the fees i.e.DD amount.

So anybody can help me in regarding this, who had applied recently for CP no. Plz tell me the fees and document which i should submit for this.

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Dear Sir,

We are running microbrewery(Fresh beer Manufacturing) business in bangalore. manufacturing equipment (brewery) mostly should be imported from other countries as they are no good suppliers in india. Huge Import duty 30% is being levied. Is there any way we can avoid this and reduce capital cost?.
If we are eligible for EPCG.. what is the EO?.. we got import/export license. Mostly we wont be exporting anything as such.

Please advice.
Thank You

Dear sir,

My quires is Cst Setoff applicable or not

i am purchase of material out of Maharashtra
Net Amount Rs - 100000 /-
CST Amount Rs 2% 2000/-
Total OMS Rs - 102000/-
Same quieter i am sales of the material out of Maharashtra
Net Amount Rs - 50000 /-
CST Amount Rs 2% 1000/-
Total OMS Rs - 51000/-
in this case how many set off available
Plz sagest to me.

thank

Nanasaheb Jadhav

call no ;- 9423857701

Pl explain u/s 80TTA of Income Tax Act.

APPOINTMENT OF DIRECTORS BY MEMBERS IN GENERAL MEETING
need explanation for sec.255 and 256

Dear All

Pls advice A company director purchase a car for company for personal and company charges Depreciation last 3 years and Director Decided a sale old motor and purchase new motor car on name of director

Pls advice what compliance income tax and capital gain applicable on motor car?

Regards
Praveen

Hi

MY Registration date of cpt is 11/08/2010. Am i eligible to appear in cpt exam for dec 2013
if not then what is the procedure for re validation?
Please sent the answer to my email id rakeshverma010383@gmail.com