what is the sealing of exemption limit for non deduction of TDS under section 194c for the yeaar 2005-06 please

im frm jabalpur madhya pradesh.is it always advisable to take go outside in big cities for articleship n take coachings along wd that.im thinking of doing articleship in MPEB is it alrite?MPEB is madhya pradesh electricity board

I am planning to start my personal CA practice as a proprietor. I also wish to become a partner in other two firms. What effect it will have on the empanelment eligibility of all these 3 firms for Bank audits, Insurance sector audits, PSU audits, etc.?

MY CAPITAL GAIN IS 462500/-. THIS IS LONG TERM CAPITAL GAIN BY SELLING OF PROPERTY IN THE FINANCIAL YEAR 2008-09 . IN THE SAME YEAR I PURCHASED THE PROPERTY FOR RS. 2271104/- SHOULD I PAY ANY TAX FOR THIS. IS IT NECESSARY FOR ME TO GIVE SALE AND PURCHASE DETAIL IN INCOME TAX RETURN ? IF I HAVE NOTHING TO PAY ANY CAPITAL GAIN THEN I THINK THERE IS NO NEED TO GIE DETAIL OF SALE AND PURCHASE OF PROPERTY IN INCOME TAX RETURN AM I RIGHT ?

Dear All,

Mr. X is a salaried employee. He is also the proprietor of ‘PPP POLYMERS’(a manufacturing unit registered under DVAT).

Now can Mr. X file separate return as followes:-
1.One for his salary income;
2.Another in the name of ‘PPP POLYMERS’ in respect of the manufacturing unit’s income.

Thanks,
CS Siddhartha Banik

It is common knowledge that the FBT has been abolished Starting 1st APR 2010. But a specific clause has also been added to 17(2
) saying Fringe benefits shall be taxed as perquisites hereinafter.
In a nutshell, 115WB(1)(D) says that all sales promotion activity will be liable to FBT.
Expenditure on festival celebrations happening in an organisation was liable to FBT earlier. Now, should an employee pay tax for something like a festival celebration happening in an organistaion, which is not organised/planned by him?
The funnier aspect of this, is the fact that the same expenditure becomes deductible from the revenue earned and only the remaining is taxable.
I understand a clarification on the above points is due to come, but don't you think, in a budget, the Finance Minister must have reasonable homework before spelling out anything.
This, in my opinion is shoddy crazy work!
Atleast a notification to clarify the same must have been issued.

is it comoulsory to complete the course of personality development before sitting in IPCC EXAM 09 ?

What is the impact of abolishment of FBT on the following expenses?
1. Food Coupons
2. ESOP
3. Fuel & Maintenance
4. Medical Reimbursement
5. Gift Coupons

sir,
my Clint is a business man and his wife also.my Clint purchase a house taking interest free loan from his wife, what is the treatment for these transduction,ITO can take it as scrutiny assessment for clubbing of income.