Articles by CA Pramod Jain

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Proof of travel not required for claiming LTA

Posted by CA Pramod Jain 19 March 2010 61986 Views

Proof of travel not required for claiming LTA : Supreme CourtDear All,Please find very useful decision with regards to claiming LTA without supportings as below :- LTA : Evidence of Expenses Employers, while processing the conveyance and leave &

Implication Budget 2010 on Business Income

Posted by CA Pramod Jain 08 March 2010 9229 Views

Tax Rates Tax rate for firms, LLP and companies remain the same as per last year's budget. • However surcharge in the case of domestic company gets reduced from existing 10% to 7.50% for the Financial Year 2010-2011. &bu

Notices for Recovery of TDS U/S 201 (1)

Posted by CA Pramod Jain 08 February 2010 34400 Views

The Income Tax Department has recently started processing the TDS Returns filed for the Financial Year 2007-08 and issuing notices u/s 201 (1) of the Income- tax Act,1961Each notice gives reference of financial year, quarter , Form No and RRR No.The

New Perquisite Valucation Rules for Salary

Posted by CA Pramod Jain 07 January 2010 38153 Views

New Perquisite Valucation Ruleso 15% of salary.if accommodation is owned by employer if accommodation is owned by employer• For government employees, the value fixed as per central /state government rules.• For other employees, the valuation will dep