Whether Employer Profession Tax can be claimed as an expense

At the tome of scrutiny of a pvt. company it was seen that a shareholder holding more than 90% holding had taken loan from the company. That loan amount was held to be deemed dividend u/s. 2(22)(e).Thereafter a notice u/s. 148 was issued to the shareholder, who in response to same filed a revised return and paid tax in relation to the amount held as deemed dividend.Against that revised return notice u/s.143(2) was issued.Assessment was completed accepting the total income as per revised return.But now A.O.has levied penalty for concealment u/s. 271(1)(c). Is A.O.'s contention right? How can the assessee cancel the penalty levied?

plz tell me the TDS rate on hiring of car

I am investing in LIC's Jeevan Aashta Rs.25000/- I want to know is this full amount is allowed as deduction from my income or part of it. It is only one time investment.

Thanks.

Please Send me a details regarding Interest Calculation Above

please do the need ful

Is there is any excel chart for this will do for me

Please Send me a details regarding Interest Calculation Above

please do the need ful

Is there is any excel chart for this will do for me

Please Send me a details regarding Interest Calculation Above

please do the need ful

Is there is any excel chart for this will do for me

Please Send me a details regarding Interest Calculation Above

please do the need ful

Is there is any excel chart for this will do for me

DEAR EXPERTS,

our company want to issue form 16 to employees, as the time limit is only 2.5 months so we are requiting employees to declare there details for form 16, eg. rent paid, 80 c deductions, i want to know the required documents to be collected from the employees before issue.

THANKS AND REGARDS
PAVAN KS

Dear All

I am presently working in an Australian MNC company. The Company has fixed same basic salary for all the employees ie.some employees are getting Gross salary of Rs. 15000/- and some employees are drawing salary of Rs.50000/- or more. But the company has fixed basic salary of Rs. 6500/- for all the employees.

Please let me know is there any hard and fast rules for fixing basic salary for calculating TDS on salary. Because i have calculated TDS on salary of all employees fixing Rs. 6500/- as basic and others as allowances. If there is any legislative problem in this kind of salary structure then plz let me know.

Thanks & Regards
Naveen Sharma