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CA JOGESH KUMAR GOYAL
22 March 2014 at 15:03

Allowance in salary structure

Is food coupons included in salary structure is exempted from Tax. I have a gross salary of Rs. 50,000 and salary structure is as follows:-
Basic:- Rs. 20,000
HRA:- Rs. 15,000
Medical:- Rs. 1,250
Conveyance:- Rs. 800
Uniform:- Rs. 2,000
CEA:- Rs. 200
Special:- Rs. 10,750.

In this case which will exempt, if I provide same bills of expenses as in structure.



Anonymous
22 March 2014 at 14:18

Trust can file form 15g

Dear Sir,

i have a PAN Card that have fourth character 'T' that is beneficiary trust for minor.

i have given some loans on which TDS will be applicable then in this connection can i file Form 15G.

please tell me in detail about this provision.

Thanking you,
Yours truly,



Anonymous
22 March 2014 at 13:56

Tax paid on interest on i.t. refund

I have paid advance tax for 2012-2013=10 lakhs. I have filed my return with tax liability as nil. After intimation u/s 143(1), I received refund of advance tax=10 lakhs and interest on I.T. refund=30,000. However within 6 months from the end of the financial year in which the return was furnished, scrutiny assessment’ u/s.143 (2) was carried out, and it was held that my tax liability was not nil and I had to pay tax on my tax liability which was more than the amount of advance tax. So, the question of interest on IT Refund does not arises and I have to repay back Rs. 30,000 to the IT Department.
I had shown interest on I.T. refund= 30,000 as other income in the subsequent year and paid taxes (@30% on 30,000)=9,000. But, due to the scrutiny assessment’ u/s.143 (2) being carried out, I have to refund back entire Rs. 30,000. So what treatment will be done to the tax paid on Interest on I.T. Refund= 9,000?


MANDAKINI BALIARSINGH
22 March 2014 at 13:42

Dit relief

IN MY CLIENT OFFICE ,

PAYMENT IS MADE TO A NON RESIDENT SHIPPING CO.AGENT WHO IS IN INDIA( IMPORT FREIGHT EXPENSES).THE NON RESIDENT SHIPPING COMPANY IS HAVING 100%DIT RELIEF .

DOUBT

WHETHER WE SHOULD DEDUCT TDS u/ 195 OR NOT.

THEY ARE NOT HAVING 197 CERTIFICATE FROM INCOME TAX.

OR AS WE ARE MAKING PAYMENT TO RESIDENT WHO IS INDIRECTLY WORKING FOR ITS PRINCIPAL WE WILL DEDUCT U/S 194c.


WHETHER WE SHOULD DEDUCT TDS OR NOT IF WE Are having DIT relif certificate.

KINDLY SOLVE MY QUERY any of my professional friend & GIVE CORRECT REPLY.


Dipti chaudhari
22 March 2014 at 13:23

Din process

what is the process for DIN application..??


CA Manoj Kumar

Hello Friends,

I am CA final student and my attempt is November 2015,in the meantime I want to do NCFM (National Stock Exchange Certification in Financial Markets) Course. Please answer my queries:
1. Whether I need to take prior permission from ICAI to start this course.
2. When should I register for Final so that I can get the Books of revised and updated syllabus, i.e. Company Law, ISCA

Please suggest :)


jay prakash heerwal
22 March 2014 at 13:10

Tangible or intangible ?

I want to know whether Sundry Debtors is a Tangible Assets or Intangible Assets ?

Please post with reasons.


Chandrashekhar
22 March 2014 at 12:55

Under section 195

Sir,

I have question regarding u/s 195

1) If i take buyer credit loan from foreign bank which is no office/branch in india.

My question is whether TDS u/s 195 or any section is applicable,why.

2) if I take buyer credit loan from Indian Bank foreign Branch whether tds to be deducted u/s 195 or not

Please do the needful

Thanks


aman
22 March 2014 at 12:49

Require job

Sir I am a recently qualifid chartered accountant, cleared in nov13. Now I am looking for job in industry. I have registered myself at many sites like naukri.com etc but getting no response. I have also applied in ca firms in delhi but everything seems to be futile. Plz help me gettig job.



Anonymous
22 March 2014 at 12:17

Merchant export under ct-1 & are.1

Dear Sir,

Can any body told me urgent that

We have made export under Ct-1 that party has given us ARE.1 form but they are saying that on form Are.1 address of excise authorities on are.1 for serial no.1) particulars of (Deputy Commissioner of central excise)/maritime commissioner of central excise from whom rebate shall be claimed/with whom bond/undertaking is executed and his complete postal address.
whose address should be mentioned at serial no.1 our details or party details






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