Hello Friends,

I have one query regarding LTA.

I am getting LTA allowance as a part of My monthly salary, amount Rs. 2000.
This amount is added to my annual salary and hence it becomes taxable.

As per my knowledge LTA (Cost of actual travel) amount is claimed as rebate by an individual once in Two Year. But that is for the employee who are getting re-imbursement from their employer every 2 year for LTA. Hence the individual is showing LTA travel cost as exemption whenever he is getting it from his employer (every two).

But in my case the Employer is giving it every month as a part of monthly salary.

Hence my query is whether I can claim tax exemption every year by showing actual travel bill. Or the same law applies to me also that i can only claim LTA exemption once in 2 year.

Regards
Shailesh

5. Whether service tax is applicable on developing a land and selling plots.
- Can we call this a service and colonizer a service provider.
- A contractor who is developing colony under a contract with developer is liable to pay service tax.

Sir/Madam,

I want to know whether service receiver is liable to pay 50% of service tax on works contract bills under reverse charge mechanism even the service provider has charged 100% service tax on his bills of service.

If no please provide the relevant notification.

sir can i do c.a course with c.s course aftr giving my ipcc exams then join c.s executive while doing articlship then doing 15 months DUMMY training of c.s while doing my c.a articlship. and then give finals of both exams??? is it possible please suggest??

I purchased an Assets of Rs.50000/- and charged depreciation 20% for Full Year. I sold that Assets of Rs.42,000/- what is the Book Value of the Assets and Journal Entry. Please guide me.

If an additional director, liable to retire in the Annual General Meeting, is re-appointed as Permanent Director of the Company, is it necessary to file Form-32 with ROC ?

Because there is no changes among the directors but only the type is changing ?

Income Tax department has started it new e filing site . The Major change is that now CA has separate login facility and they are required to update/upload Income Tax audit report form 3CD and other income tax related forms. CA is required to verify and authorize various statutory Income Tax Forms under the Income Tax Law. Form 3CA Audit report under section 44AB of the Income-tax Act, 1961, in a case where the accounts of the business or profession of a person have been audited under any other law - Certificate of Audit from CA obtained by the assessee whose Income from Business is more than INR 60 Lakhs or Income from Profession is more than INR 15 Lakhs for Companies Form 3CB Audit report under section 44AB of the Income-tax Act, 1961, in the case of a person referred to in clause (b) of sub-rule (1) of rule 6G - Certificate of Audit from CA obtained by the assesssee whose Income from Business is more than INR 60 Lakhs or Income from Profession is more than INR 15 Lakhs for other than companies Form 3CD Statement of particulars required to be furnished under section 44AB of the Income-tax Act, 1961 - Annexure Form for audit report u/s 44AB Form 3CEB Report from an accountant to be furnished under section 92E relating to international transaction(s) - Every person entering International Transaction Form 29B Report under Section 115JB of the Income-tax Act, 1961 for computing the book profits of the company - MAT applicable for companies

Can anyone tell me from which year these forms to be filed Compulsorily?

From A.Y.12-13 onward?

as we are into the manufacturing of exempt goods under excise. we import Raw material, capital goods and other consumable. and pay special CVD i.e SAD which we wont get any set off as the excise is exempt and we also cant take set off from VAT we pay as its not allowed.
so my question is how can we get the refund of this SAD?
there are many notification in case of trading and textile business but we are not into this business.

Whether TDS has to be deducted on rent paid to Non Residen.If so What is rate % and slab Amount on that for the following cases:

1.Property is in India
2.Property outside India


Please explain .....

Thanks in Advance....

We had purchased good in the month of Dec 2011 worth Rs.75 lakhs. In Dec 2012 we had to return the goods to the seller for some reason. They have provided us a credit note for the same mentioning the VAT amount separately on the same.
We had taken the VAT set off at the time of purchase.Now After more than a year we have made the purchase return.
How should we go ahead with the TAX payments?
Do i have to pay the VAT now?
or Should we just give a debit note for the same seller and make no VAT payments?

Kindly clarify the same.