SACHIN
24 April 2008 at 17:18
What is the exact law of the LTA? How to claim? Who can claim? How many times? What are the expenses? Please give a complete knowledge of the same.
mani
24 April 2008 at 09:01
A Director of a company, which was running under loss for past 8 years, had not claimed his salary and no provision has been made in the books as salary payable at all for last 8 years. Now the company has revived and started showing profits. Can he claim his salary in arrears for the last 8 years and what is the impact in company books and the personal taxation of the director ?
Rumy
21 April 2008 at 16:05
Dear All,
Hope you all are doing well.
I have a query regarding "Fringe Benefit Tax".
There is a component in my salary which is "Medical Allowance". For which I submit my bills to the employer.
My employer is deducting tax under the head FBT.
My query is, Am I liable to pay FBT from my pocket or is my employer liable and he is illegally deducting my tax.
Please enlighthen me on this.
Regards,
Baseer Qidwai
bm
17 April 2008 at 11:20
Respected sir/ madam
please help me in professional tax filing based on the pin code or ward
please give me the information about ward wise fileing address
like income tax
thanks
Manish
17 April 2008 at 01:59
An individual is having two sources of income- A and B. (A) is specified profession where gross receipts >1.50 Lakh and he is required to maintain books of a/cs. (B) is retail trade u/s 44AF and so not required to maintain books of a/c.
My Qn is: How should he fill up the "Part A-P&L" in ITR4.
Option I: Should he fill up item 1 to 50 for (A) and 51 for business (B) ? (but subsequent "Schedule BP" reads in col. A.1 "Item 43 OR (not and) item 51d of Part A-P&L".
Option II: he should sum up the figures of Profession (A) with the parameters of business (B) as required in 51a to 51d and mention in items 1 to 50.
Can’t in Option II the AO may ask to produce books for business (B) also on the plea that “you have filled the items as if books are maintained”.
Same is the confusion with regard to PartA-BS.
Please Guide.
sanjay_deys
11 April 2008 at 18:10
Hi,
We have not created any Gratuity fund or trust for gratuity. If we simply pau the insurance premium for gratuity, can we get the deduction of premium paid for Income tax.
Please give your advice.
Regards
Sanjay
sambala1979
11 April 2008 at 11:59
Dear Seniors,
Can anyone explain about the form 16, pls its urgent
Warm Regards
Sambala
Rakesh Sood
11 April 2008 at 10:29
Recently I was reading a judgement of some HC as per which if tax deducted at source from salary or other income is not paid by deductor to the Government account. Then it can not be recovered from person from whom the amount has already been deducted.
I seek clarification of the Ld. members.
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Advocate vs C.A.
Sec. 29 of the Advocate Act, 1961 is as under:
"Advocates to be the only recognized class of persons entitled to practice law.:-
Subject to the provisions of this Act and any rules made thereunder, there shall, as from the appointed day, be only one class of persons entitled to practice the profession of law, namely, advocates."
The duty of CA is for auditing of accounts only. Eventhough, sec. 288 of the Income-tax Act, 1961 has allow CA class to represent of assessee before the Income-tax authorities including Hon'ble Income-tax Tribunal.
Is it not a breach of sec. 29 of the Advocate Act, 1961?