dear sir/madem

i had a query that one of my client filed the income tax return for AY 2008-09 twice one is by manually on 31/07/2009 and another in oct 2009 my mistake

he is an individual assessee & income as per both return also different

what shall i do for this

As per our company welfare policy we have arranged medical checkup to our employees. Is this type of service atartact any service tax.

Assessee is engaged in the business of electricity generation. For this he receives gas from GAIL. GAIL will charge transportation charges for gas supply. The gas will be supplied in pipelines.

Shall the assessee has to deduct TDS u/s 194C
or will it come under Transport operator and no TDS need to be deducted.

I think it will come under hiring of goods carriages. Is my opinion correct?

sir,
sir when to deduct tds on profession.when the first amount is below Rs.20000\- and we don't know fruther services is required or not,is it requied to deduct from the first amount.give me advice.with section also.

thanks and regards

shyam

Our company reimburses to employees in cash the Maintenance and Petrol cost incurred on the vehicle.The vehicle is owned by employee himself. The company reimburses Rs.20 as petrol & maintenance cost for every kms travelled by the employee during the month for the official purpose.The most of the travelling kms includes travelling from Residence to Office , factories, customers, etc..

The company also maintains the records/details which includes the date of journey, destination mileage in Kms and amount (total kms X Rs.20 for each Kms).

The reimbursement amount of Rs.20 for every km is fixed on following facts:-

Normal Taxi or Meru( Cool Cab) if hired for the day will charge fare of Rs.14-15 per Km. But considering the more comfort of employee in his own vehicle the company has decided to give reimbursement of Rs.20.

We would like to have your opinion on the following:-

1.Whether there would be any taxable perquisite in hands of our employee. If the answer is No, will any kind of taxability arise to our company in view of FBT being abolished from 01.04.09 , as earlier the company was depositing FBT on this reimbursement.

2. Whether our companies contention to reimburse the employee on the basis of the above facts will hold good.If the answer is No, what can be acceptable rate of reimbursement as per Income Tax Act whereby the employee or our company could not be taxed.

3.Whether the records maintained by us are sufficient w.r.t. Rule 17.

Please give me your valuable feedback on this matter.

this is to inform you that in the icai site nov 2008 suggested answer are not there.can anyone provide it by a linc or somehow?

A is the director of a public limited company. B, spouse of A,is the partner of an audit firm. Can B's audit firm take up the internal audit of the aforesaid public limited company? Is there any specific restriction mentioned anywhere?

Can any body help me understand the Rule 6 (3) & (3A) with example.

Thanx in advance

sir i have filed belated return of partnership firm for assessment year 2009-10.i have quoted wrong pan in decalaration column where pan of my father who is partner is to be filed by stating that all information mentioned is correct.i have wronly mentioned pan of firm instead of pan of my father. i have filed return electronically.wat should i do .can i get notice in this regard or be imposed penalty for wrong quoting

WHAT SI THE DIFFERENCE BETWEEN SOLVENCY AND BANKRUPTCY.?Why can't be a company be bankrupt but can b insolvent.?