dear sir,


my query is regarding tax planning for salaried employees.

using various deduction under chapter VI and using other benefits tax deduction under various section of Income Tax Act like interest on housing loan etc. what level of salary can be made tax free or to say upto what level of pure salary can be escaped from tax.

If possible please quote various sections

What are the things to be looked up on rent receipt for claiming HRA exempton?

Is PAN of house owner mandatory on rent payment receipt?

I want to know when the person is liable to keep books of accounts under proprietorship business. Upto what turnover he need not to maintain accounts.

Thanks

Sir,

I want to ask when the PE-II student be eligible to get Accounting Technician level Certificate .
What is the criteria?
Thank you

A pvt ltd. co sold some shares of another co. at par.No profit or loss has been accounted for as both purchase and sale were at par and the carrying cost of such shares in the balance sheet is also at par say Rs.10/-.But at the time of assessment the assessing officer accounted for the difference between the intrinsic value and par value as Income benefit u/s.28(iv) of the act.According to A.O. assessee is engaged in the business of share trading and investment,hence by dealing in shares below its actual worth, the assessee is in receipt of benefit in real terms.Is the A.O's contention right? Can I get any case law in support of the assessee and against the A.O.?

Can some one send me a draft petition format to be filed with Mumbai ROC u/s141. I do have the southern region format. I only need to know the stamp duty and other formalities for the Mumbai and Ahmedabad ROC. Please.

Please clarify the following:

We have paid an advance of US$ 6000/- to our employee for official foreign travel.

He has come back from the travel and he want to return the surplus amount (about US$ 1000) in Indian Rupees instead of US$. (He says, he has spent the US$ in abroad for his personal expenses)

Can we accept the amount in INR or is there some restriction under Income Tax or FEMA etc.,??

Whether receipt from LIC on death of the insured by the nominee is capital receipt or revenue receipt ?

Whether receipt from LIC on death of the insured person by the nominee of the insured is Capital receipt or Revenue receipt for under IT, Act ?

Whether receipt from LIC on death of the insured person by the nominee of the insured is Capital receipt or Revenue receipt for under IT, Act ?