Sir

My Query of some tax calculation FY 2012-2013:

My Basic : 22000/- pm
HRA : 11000/-pm
Conveyance: 5000/-pm
Executiv Allow : 6000/-

Company has given CAB Ficilty on our Charging Facility RS 2400/-

But The Company has not given me 800/- conveyance exeption.
Even full conveyance Rs 5000/- is added taxable.

is it Correct?.

Regards

MR Ankit

kindly clarrify

1.whether loan in kind is acceptable under incometax act (

2.any agreement is necessary for such

3.guide me in drafting

Whether said deduction will be available on the assets for which the 50% advance made prior to 01.04.2013 but asset received and capitalized by the assessee after 01.04.2013? -What if in the case of 100% advance?
-What if in case asset is received but payment 100% payment made after 01.04.2013?
-What if 50% payment made after 01.04.2013?

how is the gratuity calculated for LIC agents

Hello Sir,

I have two residential properties. Both are in joint-names in equal proportion. Both are let-out.

My questions are:-
how to calculate income?
Both persons can individually claim 1.5 lac benefit?

A person didnot file ITR From 2007-08. How to file his ITR now.

Dear Experts,

Re:Health Insurance Plan

Family- Myself (35 Yrs),Spouse(31Yrs)& Son(7Yrs).

My company through received Health Mediclaim of Rs.2Lac.

Quest - I am staying in Pune. So I have searching the best Health Insurance Plan. Can anyone suggest which Health Insurance plan is the best & why.

Dear Experts, We are in Bangalore and made sales to Party in Tumkur (it is also in Karnataka state). He told us to issue form 'H' against sales we made. Please clarify I am confusing whether it attracts VAT or Nil against form ' H' Thanks in advance.

Sir:

if i supply material to SEZ unit via dealer as a buyer and SEZ unit as consignee, what supportive i required for dispatched.

Regards,
Vinod Prajapati

I am working as a consultant, i hire lawyers for my clients who were being sued.
For the AY 10-11,11-12,12-13 i have filed my income tax returns through a tax consultant.
They filed my returns with the help of my bank statements and on the receipts they charged 8% as income u/s 44AD of income tax act 1961 showing me as a civil contractor.The total tax paid by me was 22000 for the 3AY's, but in real my tax liability will be coming upto 1.5-2 lakhs if my total income was considered. But as iam out of station for about 2 months those consultant people filed return without informing me basing my bank statements.
for this Ay 13-14 i want to pay 2 lakhs income tax for the income earned in the financial year 12-13.
my question is whether there will be any problem if i pay 2 lakhs amount now as ,my tax liabilty for the last AY is just 15000?