Due to termination of services after completing three years of working, the provident fund amount after deduction of tax is paid to the employee. what will be the treatment of the amount so received? can it be carried over directly to capital or will it be credited in p/l and be liable to tax at the normal rates? please advise

Hi,
I want to know the calculation of the tax paid by the employer on the behalf of employee. Since, under section 17(2) of income Tax act it is also considered as monetary perquisites & taken under head of Taxable income.

loan has been taken for marriage ,
is it allowable for deuction under which head or under which section.

When an employee is on travel the expenses incurred during travel as conveyance ,

would such conveyance be liable for FBT under Travel at 5% or under conveyance at 20%

TDS excemption certificate is received in the name of 'X' company. The name of 'x' is changed to 'A'. 'A' company has given the registration of change in name and also the old PAN number is continuing.

Whether the TDS excemption certificate issued in the name of 'X' will be applicable to 'A' also or TDS is to be recovered while making payment to 'A' company?

Dear Sir/Madam,

I have following query, any one having knowledge can resolved it at earliest.

Question:- I am working in a BPO company providing service to a big UK Chartered Accountant firm. I want to know how should our company will raised bill, means including how much service tax. And thereafter how much TDS will UK firm deduct from our earning. What is procedure of refund of TDS from UK Income Tax Dept (HMRC Dept.)

Example:-Suppose we are providing a service of Rs 100 to UK Firm. How will we raise bill means including how much srvice tax. Thereafter how much we will get from UK firm after deducting TDS. What is procedure of getting refund of those TDS as we are procuring business with the help of a broker residing in UK.

If the labour charges paid during the year by a construction firm is Rs.50lacs & above.Wat would be the Tax implication & what are the documents to be maintained.Pls reply

Situation 1:
If a Male is earning Rs. 1,10,000 p.a from income from salary and has earned Rs. 1,00,000 from STCG(STT Paid) in the financial year 2007-2008 and will get deduction of Rs. 1,00,000 from 80(C).Income would be excempt from any taxation or not???

Situation 2:
If someone is earning Rs. 1,10,000 p.a from income from salary and has earned Rs. 2,00,000 from STCG(STT Paid) in the financial year 2007-2008 and will get deduction of Rs. 1,00,000 from 80(C).How would the tax be calculated in this case??

hi !
all

plz advise me on the following matter:

my company reimburse conveyance expenses of residence to factory every month.
whether it is taxable? and if yes under which section of I.TAX ACT and in which hand employee or employer?
rakesh kumar

COMPANY MADE GIFT TO CUSTOMER IN LUCKY DRAW SCHEME UNDER SALES PROMOTION
THIS ENTRY INCLUDE IN SALES PROMOTION OR GIFT.
WHAT IS INCLUDED FOR THE PURPOSE OF GIFT
GIFT TO EMPLOYEES
GIFF TO CUSTOMER
GIFT TO GOVERMENT SERVANT