If a person who pays Rs.20lacs as a protection money in cash then can we treat it as an allowable expenditure in pgbp ? If not then y ?

a house is under construction & payment is made towards loan taken for house. tell me whether deuction can claim for loan payment amount & tell me the section wise detail

If an employee is entitled to reimbursement of Rs 10000 of car expenses for a car owned by the employee should the employer deduct
10000-2400-900 and give him the reimbursement or give him 10000 and the employee considers on Rs 10000-2400-900 for his perquiste taxation

I have lost my articleship completion Certificate so plz reply anyone to how to get it back or duplicate copy of it....it's very required to me for final exam form...

Which one is more recognised, beneficial and lucrative-CISA or DISA?
Do both carry equal weights in the eyes of ICAI?
How to do them?

The following matter needs to be examined supported by the case laws and the provision of income tax act & wealth tax act, from four different viewpoints to check
· The incidence of capital gain,
· The availability of exemption u/s 54 or 54F of income tax act, 1961 &
· The implication of wealth tax act on below mentioned issues.

Issue No.1
An assessee has a vacant plot. He has constructed a four-story building on that plot. He sold 3rd and 4th floor for Rs. 35 lakhs each.

Issue No.2
The assessee has a vacant plot. The said plot has been handed over to a builder to construct a four-story building under joint development agreement. As per this agreement the builder will get 3rd and 4th floor as consideration.

Issue No. 3
The assessee has a one story building constructed on the said plot. The assessee has demolished the building and handed over to builder. Rest facts are similar to issue No. 2.

Issue No. 4
The assessee has a one story building constructed on the said plot. The assessee has handed over the building alongwith plot to builder. Rest facts are similar to issue No. 2.

Please clarify my doubt.
Interest free/ concessional loan by the employer to employee is perquisite under section 17(2) or it is fringe benefit tax.

please specify section subsection rule in detail..

Dear sir\Madam,


I have not received my ipcc registration letter still now. Last month i registered Ipcc. When it ll reach. please inform me

During mid 2012, I have resigned from a company after 25 years of service. During final settlement, I have received a sum of Rs.1.90 lacs as leave encashment (for 240 days) and the same was taxed by the employer.

Is it correct to tax the amount paid as leave encashment on resignation.

If not taxable, can I claim on filing of my IT return. If claimable, under what section of IT Act?

The Promoter has made lease agreement on his personal name and wish to use the said premises as Registered offce of Incorporating company.

What are the consequences and what procedure is to be followed.

As Form 18 talks about the premises taken on lease by company.. Not by the director..