can deduction u/s 80D for mediclaim be taken on foreign travelling policy which covers the medical insurance premium in it.

At the time of Local purchase,we are availing vat credit 4% or 12.5%.When we return the goods thro vat Invoice,we are charging 4% VAT.Should we credit vat credit 4% or 12.5%? i,e,similar treatment as cenvat in excise or can it be adjusted thro purchaes.Can anyone thro light in this matter?

I have sold a land and have long term capital gain. I want to know the tax implication and how can I avoid capital gains tax. Because I have come to know that if I invest my sale proceeds in some specified place I can avoid the tax. Please tell me how?

If a single proprieotor is having 3 proprietory concern, so for calculating tax audit limit for signing the report will it be counted as 3 or 1. please reply

We are service provider. During the course we provide some services to clients F.O.C (complimentary).
How we treat the same in accounts. Whether we should books the services and then write off the debtors.
Or
Directly booked the same as expense in business promotion

Regards

Yogesh gupta

What is Notifiaction No 102/2007 dtd 14/9/07. Please explain.

I have paid customs on Import of goods I want to know can I get the VAT refund or can I adjust the VAT in excise paid.What is the procedure.

Thanks
Sarfaraz.

Sir,

What do you mean bad debts written off? can u give me a example with journal entry

Previously we are giving food coupons to our employees and now we are crediting the amount of food coupons in their salaries.
I want to know that can we give food coupons amount in cash or can we credit the amount to therir salary accounts. So can they claim food coupons allowances.

Thanks.

My company [will register this dec] has authorized capital of Rs.50 lakhs [5 lakh@10] and paid up capital of 5 [.5 Lakh @10] Lakhs. It is a Pvt Limited company. I have a plan to collect another 5 Lakh[.5 Lakh@25] from others with premium as we have some intellectual property. I would like to confirm that this is not against any rules. Please guide me on this case

Regards
Anil Jacob
Tax Analyst
Ernst&Young