A person is doing trading of shares (with Delivery base or Intra day). Now annual turnover is exceed the limit of 40
lacs.it is liable for income tax Audit..?

Wheather MVAT is applicable for sale of coaching classess books, if service provider charging separately to client & also MVAT on only on sale of books not providing service?

Can Employer deduct the FBT from employee salary on account of payment made for medical reumbursement Rs.15,000 P A.

One of my friend's employer has deducted Rs.1000 as FBT from medical reiumbursemnt.IS it OK.Can salaried employee get the deduction from tax .

Dear Experts,

I have a querry.

I enrolled for PE-II and the ICAI gave last chance till May 2009. Though I paid fee, I failed to write exams and not even passed one group.

After Mya 2009, what is the fate of PE-II students that too enrolled directly without attending PE-I (I enrolled thru my MBA qualification). Can they transfer the PE-II students to PCC or IPCC or to come again from CPA.

Please clarify me the same and mail to vgpotluri@gmail.com.

Thank you

Venu Gopal Potluri

one of my client had lost the copy of his firm's partnership deed.PAN card of firm is available. there is no one copy of in possesion of me too.



Now what is the proccedure to get it back or any other option for make it new with old date...?

Dear All,
Any one can give me the Sklabs for Professional Tax for Differnet states, and if we the Head Office in Bangalore n branch offices in differant States how PT should be calculated.

Further to the above we have the branches at Pune, Delhi, Baroda, Chennai, Coimbatore, Hyderabad, Mumbai, Mohali, Kolhapur and Kolkata....
Any body tell me the slabs for Diff branches and paymnet due dates (ie MOnathly or Qtrly or Half Yearly or Yearly)

Car Insurance paid on 01.02.2009 RS. 12000/-. Thus in the FY 2008-2009 a sum of 2000/- booked as insurance exps and balance Rs. 10000/- transferred to prepaid Expenses.
Pls confirm that FBT will be payable on Rs. 2000/- or Rs. 12000/-?

Car Insurance paid on 01.02.2009 RS. 12000/-. Thus in the FY 2008-2009 a sum of 2000/- booked as insurance exps and balance Rs. 10000/- transferred to prepaid Expenses.
Pls confirm that FBT will be payable on Rs. 2000/- or Rs. 12000/-?

A company has hired cars from a party, the agreement states that the party will bear all maintenance charges and the Company will use its own drivers and also bear fuel expenses. What I want to know is whether TDS has to be deducted under 194C or 194I ????

Retainership fees paid to qualified people like civil eng. what will be the tds deduction? 10.3% as professional or 2.06% as contractor basis?