Hi! If an society make a investment in project (which is approved as charitable by Govt.) of another society/ trust as investment in furniture & Equipments and society making an investment, wants to withdraw it's investment & profit in future. Will it still be qualified under 85% limit of expenditure Sec 11(1). Can investment (other than donation) in another society be qualified as expenditure?

Dear Everyone,

I just wanna ask that If Any Person who is working in Chandigarh and Drawn Salary with HRA, But His Family is in Delhi & He Pays Rent in Delhi, He himself lives in Chadigarh where He also Pays Rent, Now the Rent paid in Delhi is much higher than Rent paid by him in Chandigarh.

I just wanna ask that Can He Claim Rent paid by him in Delhi under HRA in place of Rent paid by him in Chandigarh. because by this He can Claim 50% as HRA Exemption in place of 40%

Please Reply me a justified Answer

Thanks & Regards
Jitender Pratap

Is payable premium as on 31.03.2009 on Keyman Insurance policy which was paid on 22.04.2009 is eligible for deduction u/s 36 or 37 of Income Tax Act, 1961.

Or

Insurance premium actually paid in the Financial Year 2008-2009 is allowable expenditure under Income Tax Act, 1961

Provident Fund to be ducted on Leave Encashment ? OR Not ?
Also in other compoent of Calculating Full and Final. Like Notice Pay to be paid from Co to Employee, etc

Please Reply.

Provident Fund to be deducted on Leave Encashment ? Or Not ?

Matter Urgent, Can anybody enlighten on the same?

(Dispute Occured, need to proove to one Employee.)
Please Help

Dear Friends,

While making E payment of TCS of Q4 for the F Y 2008-09 by mistake we have paid TCS more than the actual.

How can we adjust the same?

Can we adjust the same against the payment for Q1 F Y 2009-10?

or

Can we get refund of the same?

Dear Friends,

I want Rs. 1 Lac after 3 year for a social function.

For that i want invest monthly, so that i can get Rs.1 Lac including interest after 3 years.

What is the best option for the same?

HI EXPERTS,

REPLY AT THE EARLIEST......

A DIRECTOR (WHO IS ALSO A PRACTICISING CHARTERED ACCOUNTANT) OF A COMPANY (X LTD). A COMPANY (Y LTD)WHO PROVIDES SERVICES TO X LTD.

CAN DIRECTOR SIGN THE BALANCE SHEET OF Y LTD?

Whether government is liable to pay service tax on any service provided ?? If Yes please give examples. If no Section no

At present TDS Certificate issued by Our Company are signed by our Director.
Now because of Heavy work load he wants to give this authority to an General Manager (Employee).

Is any requirement of Board Resolution for the same according to Company Law or Income Tax Law?