Hello Expert,
Th organisation pays Rs 650/month as Leave travel allowance to the employee and is included for calculation of tax for salary income.
What is the maximum LTA exemption to be availed by the employee from income tax?
Can the employer allow the exemption and reduce from TDS.
Will it be included in Form 16 issued by employer in this case?
Thanks

A company has taken over a partnership firm which has deferred tax asset in its closing Balance Sheet.Can the same deferred tax asset be shown by the company in its Balance Sheet and be included in computation of profit & loss of the company????

Can Indian NBFC having 100% foreign investment repatriate advance to foreign company

Can anyone provide me the calculations under payment of bonus act?like Prior charges/Available surplus/Allocable surplus/Bonus payble.
It will be better if it is in an excel sheet

RULES WITH REGARD TO KYC AND FIRC

Who has to obtain the KYC?

When the bank will provide FIRC?

Dear Sir,
Ours is a software developing MNC Co. also performing AMC's,and submitting VAT-120, composition of Tax, do we need to file Form 240 within 31st December ( Auditied Statement of Accounts U/s 31(4).
Turnover includes service payments, software development every thing around 300 lakhs.

Please guide me in this matter.

Regards,
AMAR.

One of my relative have been offered a job in the Company for a period of 6 months as a "Trainee". During this period, he will work for the Company on their differrent projects, but, neither he will be paid for it nor he will pay anything to the Company for seeking training.

How Company will treat in their record ? An employee/trainee/consultant ? Without mking any payment or receiving any amount, how HR will issue necessary letters before and after the training gets over ?

Dear all

I have got offer in MNC Inveatment Banking US based.....The profile is very good.But the news regarding that comapany parent in US is not favourable...as we all know.

What should i do .Shouold i take risk for long career there or should i consider depression and stick to moderate present job..

PLz help

Hi,

Can U provide your views on the following:

ABC Ltd., an Indian company has purchased web version software new license from an American company/concern and then is ABC is required to deduct and pay Withoholding Tax or not?

In TCS case it was held canned software which is available and sold off the Shelf is goods and even unbranded software may also be classified as Goods, though Hon'ble Supreme Court has not given its opinion withrespect to uncanned software. Therefore can it be presumed that only canned/pacakged/branded/normal software which is availabe off the Shelf in retail counters only be treated as goods and therefore under DTA with USA such software be treated as Goods and no withholding tax be deducted. Will it make any difference if it is electronically downloadable instead of in the Form a CD or Disc.

Adinarayana
Email:t.adinarayana@yahoo.com