"A" a non resident in india has a NRE A/c and his wife "B" is resident in India and runs a buisness ..A has given a Power of Attorney to B to operate his account. B as given power of attorney pay her buisness expens from NRE A/c i.e payment made directly from A a/c for her buisness..
I want to Know wat is 1.Nre A/c 2. Purpose of Nre a/c 3.this expenses paid by B from A's a/c wat will be tax implication 4. Fema Regulation 5. wat will be benefical wheather to show as loan given by A to B or Gift given by A to B..nd case of gift wheather clubbing provision will applicable??Pleze tel me any beneficial mode to assessee within Fema regulation??Any case laws or circulars??

Hi Everyone,
I am interested in taking Mutual Funds as a career.Do nay AMC's or MF come to campus placements please tell me.
Thanku

Hello,

I want your opinion on the following situation:

A company paid advance rent before june 07 as the service of rent become taxable and this rent is adjustable in the total amount of rent payable every month upto 36 months.

Can the company require to pay the service tax on the amount of advance rent.


ii) The service of rent become taxable from 1st of June 07 but what happen if a company get the registration in the month of October. Is the company require to pay the service tax from 1st of June or it can book the liablity once upto 31st of Oct and thereafter on monthly basis. And can it follow the same procedure on the credit also.

So please give your opinion on the above mentioned matter in urgent.

Thanks

A prop. concern having tax tax audit for the f.y. 2005-2006. It has transferred its prop. business on lump sum amount of Rs. 30 Lacs on July 05, 2006. Up to 13.07.2006, total sale was rs. 18 Lacs. the questions are

1. Whether the concer is liable for tax audit for f.y 2006-2007

2. under which section short term capital gain shall be calculated

3. how we calculate the capital gain on Land if there is lump sum payment was received

Presently I am assigned salary audit of IT co, spread across globe, with employees more then 10,000.The present system is that all time logs, leaves,comp offs,bonus,performance incentives etc is done in oracle based prog developed internally. Respective reports r downloaded from the system, checked & fwd to outsourced party.
There are various issues ( other than normal audit) like employees frequently travelling, so in salary giving them per diem / US ,UK salary as applicable, transfer of leaves from onsite ie outside India to India,changing in salary module as per the cost of living index of foreign country etc. The result is that the entire payroll is in mess.
Can anyone provide me some sort of guidance / questionnaire that includes all the basic processes of all salary components, along with their interface with the s/ware system ?

Dear Sir/Madam,

I want to Know the Procedure for Creating NBFC.What is the RBI regulations in this Regard.What is Scope of work, etc.
Please let me know as soon as possible.

With Reagards,

Shridhar

XYZ Company has accepted Rs.2 Crore as share application money. The Autorised share capital is Rs.1 Crore. Now due to heavy business lossess, Rs.2 crores given as share application money were wiped out. The company has stopped doing business. My Query is Can a company write off the Share Application Money and show the same is income in P&L account? Otherwise Company has to incur a huge expense for increase of share capital and allotment of shares, for which company have not money to spent. Expert opinion is sought from the fellow members. Thanks in advance

Hi All,

Can anyone provide me a good salry structure for a CTC of Rs.10 to 15 laks per annum.This model should be for employees in Software industry.

Thanks,

Kuras

hello,

how int u/s 234c is calculated when there is both income taxable at normal rate & income taxable at spl rate exist.

Calculate int on following assumption -
If income taxable at normal rate alone is considered it is less than basic exemption limit. While added it with cap gains such total income is taxable.

regards,

dear one,

Arun Dongre

my final attempt will be in nov 2009....as per old course...n me will give only one group......if i clear it i will be exempted frm that in new scheme....i want to ask will it be beneficial to give as per new course or old course....?
wats the diff b/w direct admn to new course and conversion later on?
i mean does it have any effect on month of final attempt........