Anonymous

An employee is allotted salary of Rs: 50000 p.m. in Basic, HRA, Education allowance, Hostel Allowance, Personal Development allowance. my question is upto what % can i distribute amount amongst them as per rule?

thanks......

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Anonymous
11 January 2016 at 15:07

Capital gain on dissolution of firm

if one firm "x " give assets and stock to "xy " (other relative partnership firm) at the time of dissolution of firm X
Is it possible ,if yes
then what will be tax liability on both firm

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Anonymous

RESPECTED SIRS,
AN ASSESSEE IS INSURANCE AGENT. A. Y. 2015-16 ITR IS FILED WITH WRONG TDS FIGURES NOT RECENTLY CHECKING 26 AS TDS AMOUNT AND PAYMENT AMT ARE DIFFERENT. CPC HAS NOT PROCEED RETURN, AND JUST GOT RECEIPT OF ITR SEND.
SHOULD I FILE REVISED RETURN OF CPC WILL AUTOMATICALLY ADJUST TDS AMOUNTS.
PLEASE GUIDE URGENTLY.

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shyam
10 January 2016 at 22:12

Itr v

dear sir, i have filed my client return on which tds has been deducted and which amounted to refund for ass/yr 2015/16 but i have failed to send the itr v to cpc bengaluru within 120 days so what to do to claim refund please let me know thanks

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Anonymous
09 January 2016 at 08:59

Intimation u/s 143 (1)

maine return file ki thi usme income thi pension, interest aur business profit se. unhone housing loan liya tha toh uske interest ki deduction bhi claim ki thi....ab intimation me deduction for interest on housing loan disallow krke demand nikal di hai department ne....ab kya karna chahiye?

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CA Prashant V. Rughani
07 January 2016 at 11:00

Leave travel allowance

As per company policy, an employee is allowed to claim one month basic salary as LTA. Now, if an employee does not claim LTA for 2014-15 and 2015-16. Employee performs travel in June 2016, claims LTA for FY 2014-15 and 2015-16. What is the amount of limit to be considered while calculating LTA exemption under Income tax Act. (i.e. whether only FY 2015-16 to be considered or total amount claimed by employee for FY 2014-15 and FY 2015-16 to be considered.

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Rajsekhar Jana
06 January 2016 at 22:48

Ay 2015-16 return transferred to my ao

Hi,

My return has been transferred to my AO from CPC in august 2015, This is for AY2015-16. I am not in India and contacted my AO through grievance system. After 4 months, on December end my AO is saying that they do not have my return with them.So, I am not sure where is my return now as CPC is saying it is transferred to my AO.

Please suggest what shall I do in this case? Please note that I am not in India as of now.

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Anonymous
05 January 2016 at 12:32

Leave travel allowance

Dear,,,,

Please advise me, How the LTA facility provided by employer to its employee, is there any specific condition for giving such facility to its employee,

It is granted on monthly as a part of employees earning or it will granted on yearly basis, what will be maximum amount provided to claim LTA

kindly advise me on upon above quarry


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preet prakash

Hi All
I have received a Certificate u/s 197(1)/195 of the co. act 1961, i have read the artical but not getting anything. what should i being a deductor do after receiving it.
kindly reply........

thnx

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ARTHI
02 January 2016 at 21:08

E-tds correction

Dear Friends / Experts,

Company has paid Advance for ‘Consultancy Service’ to it’s Associate Company and accordingly, deducted TDS and filed Form 26Q for Q1 - FY 2015-16. Thus, Company has issued Form 16A also to it’s Associate Company.

Due to various reasons, the proposed Service was never initiated and later, it was dropped.

Query

Can someone please advise whether the Deductor may ‘nullify the Deductee Record’ and claim FULL TDS Refund? IF so, how is it possible.

Your reply, please..............

Thanks in advance for possible replies from all concerned.

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