Hi,

In case of Investment in a PPF account, I wanted to know if the amount deposited after the intial investment can be less then the intial investment. Also wanted to know wether if the deopsit can be one time or what is the minimun years of investment required. (For ex: 1st year if 60000 is invested is it possible to invest 50000 in the second year and can the inevstment be only for 5 intial years)

fixed deposit investment in nationalised bank for long term is eligible u/s 80 C

a manufacturing company has purchased fixed asset and is not capitalising the taxes like vat, cst , excise duty etc.

is their this policy right?
is vat / cst/ excise on Fixed Asset refundable

I joined in april 2005 in a company
till date i have not claimed for LTA

In March 2009 I want to claim for the same.

can anybody tell me for how many years I can claim LTA ? and will tax deducted from LTA amt?

Hi,

if we billed to a company in US, for the services which will be provided from india thru internet but deliverable in US, will service tax attract to our invoicing??? sorry but requesting you to please attach the link for the support to answer...

waiting for your reply.

Nazir

My father had brought land in March 2005 and build house (construction is completed)on it for which buliding use premission is still pending from municipal corporation.
Now he wants to gift this property to daughter-in-law or me.
Please let know is it possible and would it attarct any tax.

I joined an organization (say A and PF account maintained by RPFC, Pune) in 1999. I resigned and joined another organization (say B) in June 2005. I have twice given a request to transfer my PF funds but no action has been taken as yet. If I now decide to close the PF account associated with organization A and withdraw the money, will I still get interest for the period, June 2005 until now?

I joined an organization (say A and PF account maintained by RPFC, Pune) in 1999. I resigned and joined another organization (say B) in June 2005. I have twice given a request to transfer my PF funds but no action has been taken as yet. If I now decide to close the PF account associated with organization A and withdraw the money, will I still get interest for the period, June 2005 until now?

My query :- Should Leave Travel Allowances & Medical Allowances paid to Employeee will be inculded in his Income for F.Y. 2008-09 ?
If yes is there any exemption avial for that if he submits the bills ?

Dear Sir,

Facts of the case are as follows:

Ancestral Commercial property is sold for Rs.16Lacs sold on 28.12.08 (Property was purchased as on 1965)
Legal heirs are :4 (Each is getting Rs.4Lacs)

Brothers: has deposited their share in the bank with their HUF A/C s

Pls guide the tax liablity of each beneficiary.
How tax saving could be done by investing in Other property/Nabard Bonds

Thanks and Regards,
CA.Sanjeev Jhamb
98144-19667