Hi..
Please tell me in case a employee who is program officer or account officer is working under contract of one year & in the contract it was mentioned there will be no dededuction of PF,ESI etc..then TDS will be deducted under which section??

Dear Experts,

How should we accounts donations/gifts received in kind as per the Indian GAAP.

My client into the education sector, have received some goods in form of Books worth of 1 lacs( as per the MRP printed), at free of cost.

Now how do i account those transactions.

should 1) I account as nominal cost? 2) Should i account under the Miscellaneous income ?

Best Regards

Sir,
I have completed my b.com. from ignou on december 2012.But I have not submitted my form 112.Now what shall i do?






Rashee Agarwal

What is the difference between pcc,ipcc & ipc n when the direct admission after graduation in ipcc nov 2014 will start ????????

Dear Sir,

Under direct entry scheme is it compulsory to do ITT and orientation programme Training before starting articleship or we can do it while doing articleship.

Thanks.

IF TURNOVER OF A SOLE PROPREITOR INCREASES FROM 9 LAKHS TO 48 LAKHS WILL IT ATTRACT INCOME TAX SCRUTINY

IF TURNOVER OF A SOLE PROPRIETOR INCREASES FROM 9 LAKHS TO 48 LAKHS WILL IT ATTRACT INCOME TAX SCRUTINY

A Private limited company is alloting shares to its directors.The FMV Calculated as per section 56(2)(viib) is Rs25 and company is issuing share at Rs. 20/-

1. Whether the difference amount between FMV and Issue price will be taxable in hands of directors u/s 52(2)(viia)?

2. Also whether there will be any liability in hands of company?

Pls reply asap

Thanks in advance

Hello everyone,

one of my client is a dealer of glass products. He has interstate as well as intrastate purchases and sales.

For transportation he is currently paying transporation charges. Now he is burying his own vehile for transportation.

MY question :

Can he claim Input Credit of MVAT paid on purhcase of vehicles and if yes how to take set off ?

waiting for the views of the experts.

Hello everyone,

one of my client is a dealer of glass products. He has interstate as well as intrastate purchases and sales.

For transportation he is currently paying transporation charges. Now he is burying his own vehile for transportation.

MY question :

Can he claim Input Credit of MVAT paid on purhcase of vehicles and if yes how to take set off ?

waiting for the views of the experts.