satish

Hi,

my question is - is there any limitations/ regulations on using credit card as per IT act? or what is the maximum usage limit for credit cards as per IT act..
For Example:

im having credit card limit of Rs. 1 lac.
since past 7 months my company using my card for office online payments an average of 1.5 lacs per month (so total nearly 10 lacs for 7 months) and all payments were directly made by company to my credit card A/c. with out affecting my savings/salary account.

Now my question is am i liable to pay any tax on usage of my card for this period. if yes how should i save my tax as all the transactions/ payments was made on behalf of company..



Anonymous
04 March 2013 at 13:44

Regarding taxability of gift.

Gift made by dougher-in-law to father-in-law Rs. 500000/- in cash on several date for construction of house building which is in the name of father-in-law. Is there any taxability. House buildig is self occupied. Please let me know.


Nilesh
04 March 2013 at 13:43

Tds rule of deduction

we are paying rent 16000/- per month in AY 2012-13 .we have not deducted tds on rent last because it was within limit of deduction. now this year we have not deducted from april to jan because we have paid 16000 per month .Now my CA saying you should deduct on whole year & deposit with interest. because the limit will be cross in march.13.

please advice should i deduct tds on whole amt or balance amt

should i file tds return of 1 , 2 , & 3RD quarter also .



Anonymous
04 March 2013 at 13:42

Urgent

can exise duty on readymade garments totlly exemt in bugut 28-2-2013 ?



Anonymous

hii, this is jatinder here
i have one query related to " procedure for admitting a society as a member of the company at the time of incorporation of a new company "



Anonymous
04 March 2013 at 13:33

notes of foundation

can anybody please provide me the notes of Foundation of law, entrepreneurship and business environment


Deepak Maheshwari

Dear All,

Want to know about if we as company are giving petrol reimbursement to our employees and driver salary for their car, it will attract any TDS under perquisite or not. Car is owned by employees and he is claiming as expenses

Regards

Deepak


swasti
04 March 2013 at 13:30

Lta

A couple (Husband & Wife) are working in a company. Now both are claiming LTA at a time. The persons going on travel during leave are same. As per rule, LTA is exempt u/s 10(5) with some conditions. In this regard, is there any problem to employee or employer as the persons travelling are same and both husband and wife are claiming LTA from the same company at the same time. Please guide in the matter.


Aswini Hanisha

I have made the payment for CS Executive registration on 28-02-2013 but haven't received login ID and password to upload my certificates inorder to complete my registration process. No body is answering my calls at the Institute. Please help me out.


Amit Kumar

dear sir,
we have to change the director of the company, kindly help me to do that.
and also provide the any concerned form is there need to at my email id amit_acctt@yahoo.com






CCI Pro

Follow us
add to google news


Answer Query

Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details