Income Tax QnA - Page No 10192

IN Leave encashment income tax allow us to encash the unavailed leaves @ 30 per completed year of service.If 25 leave are allowed in the company & employee worked for 2yrs.5 months & availed no leaves.HE encash all leaves i.e.725(29*25) as per company policy .
Now my Ques. is that whether he will be allowed 625
(25*25) or all 725 or any other?

Regards,

Anil Jain.

CA Anil Jain

27 November 2007 at 16:41

Form-16(salary)

Dear Experts,

sir i m facing a problem in preparing of form 16, whether in form-16 the employer accretion in the RPF i.e.RPF contribution up yo 12% & int.up to 9.5% is included or not (Employer's Contribution)

Regards,
Anil Jain.

ramesh vadnala

27 November 2007 at 12:26

Prior period expenses

Please tell me under which section prior period expenses are disallowed in incometax

arti jindal

27 November 2007 at 11:57

TDS on demat charges

whether TDS is applicable on payment made by a pvt ltd company for transaction/demat charges to a depository participant?

if yes, then under which section?

CA. Satish Singla

27 November 2007 at 10:35

Long term Capital Gain

Hello Sir

My Grandfather purchased a commercial Land at Rs.28000 in 1979 & after his death this shop is transfered to my father(Age 60 Years) and his brother(Age 70 Years).Now they wanted to sell this shop at Rs. 12.50 Lacs.My father & his brother also incurred some improvement costs on this Plot & build a shop in 1982 by spending 50000 Rs. on that.but they donot have any Documentary proof in support of that.
Now querries are as follows.
1. is it necssary to give any proof for cost of improvement.
2.Can both of them take advantage of slab exemption on their portion of LTCG(assuming they donot have any other total Income)
3.can they take cash in consideration of this shop.
4. Is their any other exemption available in this case.