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Articles by CA Pramod Jain

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Proof of travel not required for claiming LTA

  CA Pramod Jain    19 March 2010 at 11:28

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 &

Posted in Income Tax  16 comments |   61820 Views


Implication Budget 2010 on Business Income

  CA Pramod Jain    08 March 2010 at 11:15

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

Posted in Income Tax  3 comments |   9166 Views


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

  CA Pramod Jain    08 February 2010 at 13:18

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

Posted in Income Tax  5 comments |   34235 Views


New Perquisite Valucation Rules for Salary

  CA Pramod Jain    07 January 2010 at 18:28

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

Posted in Income Tax  9 comments |   38063 Views