Dear All,

I am using my own vehicle (1100cc) for official and personal purpose. My company is giving me 8000 per month in lieu of company's car. This amount is shown in my salary slip as Special Allowance. Apart from this, I am getting 5000 per month for driver salary reimbursement. I use to claim this amount from the company by showing driver salary receipt.

My query is that whether the driver salary reimbursement is taxable or not.

Thanks

Biswajit

I am final year student of cs i want to start preparation as early as possible so i want clarify weather new company bill will be applicable for me or not my attempt is on June 2014 and also please suggest some good reference books for company law.

Dear all,
We are a partnership firm registered under "Business Auxilary services" filed return for Oct-Mar'13.we had provided manpower to a pvt.ltd co.charging 25% of service Tax on abatement basis.
The return is rejected and the reason is as follows:


Error ST3
Return has been rejected for the following errors :
Advlorem Tax Rate 3 entered in Provider Section in Payable Sheet for the Service "Business auxiliary service" is not Valid.

Plz advice to overcome from this error.

Regards

Hello experts. Can anyone please clarify the Circumstances when we need to prepare Income Expenditure A/c in place of P&L A/c. Can I&E be prepared for a profit making organisation as well?

how much interst should pay after failure to return application money completion of 120 days under sec 69.
and after 60 days as per sebi?

Whether deduction u/s 35(i)(ii) or 35(i)(iii) or 35(2AA) is available to all assesee e.g. salaried employee?

Hi,

Someone may please see the following and do the needful:

Query 1

In Form ST-3 - PART-K SELF ASSESSMENT MEMORANDUM - Name - Should we mention the Company Name or the Authorised Signatory Name. System will accept any Name. But I need to know the appropriate one.

Ans: ............. (Pl confirm - Company Name or Authorised Signatory Name)

Query 2

In Form ST-3 for FAQs, somewhere, it is stated that if field B.1.12 is filled in, then the Return will be marked as R & C.

R & C stands for what.

Ans: .............

Thanks in advance for your replies.

If a assesee has sold land for Rs.5000000/- but the rate as per Government or Registery is only Rs. 3000000/-.

Will he pay tax on Rs.3000000/-
How he can make Rs. 2000000/- (black money) into white money ( show in books).
What are the sources of investment and their respective treatment in books.

A CIRCUS OWNER OWNS ELEPHANT. WILL IT BE TREATED AS FIXED ASSET ? IS IT DEPRECIABLE ASSET ?

WHAT WOULD BE ACCOUNTING ENTRY ON DEATH OF ELEPHANT.?

ANSWER ALL QUESTIONS SEPARATELY PLEASE.

Sir,
I am an self employed legal professional and receive my fees mostly in cash of which bigger amounts or after some collection at home I deposit in my bank a/c. My question is
1) Can I show even that part of my fees (in cash) which I spend immediately after receipt?
OR
Is it strictly necessary to deposit all my cash fees in my bank account?
2) Is there an I.T. Act provision that
cash deposits in a bank account more than 50000/- per annum shall be chargeable to tax in highest slab?