Dear All,

One employee is getting Rs. 50/- per children for 5 children (totalling to Rs. 3,000/- p.a.) as children education allowance. However, as per Section 10(14) r.w.r. 2BB of Income Tax Rules Rs. 100/- per child s.t. max. of 2 children can be claimed as exempt.
Now my query is whether exemption of Rs. 2,400/- should be taken or proportionate exemption of Rs. 1,200/- to be claimed?
Request you all to kind;y provide your valuable views.

Dear Experts,

Plz suggest - Taxable Salary - Actually Recd OR CTC /Package fied by the co. (if)

Actaul recd is less than the fixed salary due to late kark deduction / leaves..

Thanks for support.
Bharati Sharma

what is the procedure of transfer of articleship? What is the rules and Regulation of this ?

In one case, the firm has credited sale of asset to its Profit & Loss A\c. Firm doesn't want return to be revised due to fear of unnecessary scrutiny as the refund payable shall be of substantial amount.

Does revise of return leads to Scrutiny?
Is there any way to rectify the error through current or subsequent returns?

dear sir,
i would like to know the last date for filling 4th qtr TDS Return for form No. 24Q & 26Q

Q. If the owner of the Commercial property has entered into leave and Licence Agreement with the Licencee for 5 years and the lock in period is 3 years and has given a Deposit equal to 6 months rent to the owner .the licencee used the property only for one year and decided to terminate the agreement . As on date the rent outstanding is 4 months and the licencee asked the owner to adjust the same against the refundable deposit and the balance two months deposit shall be treated as a compensation for early termination of the agreement before the lock in period of 3 years.

Query:

Is whether the TDS is applicable on the compensation amount adjusted as above?

Hi everyone

Hope u r doing great !

I have a Query ..

I am working in a co. which was started in June 2008.
Now I want to know about Deferred Tax & how is this Tax calculated ..

Pls. answer this query ..

Thanks in advance

Best of luck for a beautiful weekend.

Take Care..
Mukesh Kumar
Delhi

Can a private limited company be a proprietor and can you please let me know how and tax implication.Appreciate if a detail procedure can be email at samirambavi@gmail.com

During Feb.09 we have changed the TAN # of our company. We have filed two Q4 Returns. Now we want to know how to issue TDS Certificate for employees. Whether two certificates in each employee for differenct TAN or mentioning the two TAN numbers in single certificate

Circular no 9 dated 23.03.1943 gives right to the hirer to claim depreciation so whether expenses for repairs incured by the hirer would be allowed as deduction.And kindly also explain the difference between installment purchase and hire purchase.