WHAT IS THE MEANING OF ARBITRAGE BENEFIT.

There is a query on Income Tax.

The employee is provided with a company leased accommodation in the city of employment and at the same time his family is staying in a rented accommodation different city in the same State / different State. He is owning a house which is vacant and the loan installments are being paid. Prior to shifting he was staying in that home.

1) Can he claim the HRA even if he is provided with the leased accommodation?

2) Can he claim the interest on housing loan as a deduction even when he is having a company lease house and the rented accommodation in a different city where his spouse and the family stays and visit s them on week ends?

Please confirm as CLA is in the nature of perquisite and the HRA in the nature of allowance.

Thanks.

Hemendra

dear experts,
I am a qualified CA ,,I am working in a company in finance dept.i got my membership no. also. Can i sign/attest the examination applications of students appearing for professional CA exams?
If yes, then whether i should maintain a round SEAL,,, and in what should be on that,,
plz answer this,, thank you ,, regards,,CA.JEELANI AHMED

dear experts,
I am a qualified CA ,,i got my membership no. also. Can i sign/attest the examination applications of students appearing for professional CA exams?
If yes, then whether i should maintain a round SEAL,,, and in what should be on that,,
plz answer this,, thank you ,, regards,,CA.JEELANI AHMED

in the case of unrealised rent, whether it shall b deducted from actual rent or from gross anual value????
as per provision it shoud b from actual rent but return of income shows it as deduction from gross annual value?!!!!!!

There is a query on Income Tax.

The employee is provided with a company leased accommodation in the city of employment and at the same time his family is staying in a rented accommodation different city in the same State / different State. He is owning a house which is vacant and the loan installments are being paid. Prior to shifting he was staying in that home.

1) Can he claim the HRA even if he is provided with the leased accommodation?

2) Can he claim the interest on housing loan as a deduction even when he is having a company lease house and the rented accommodation in a different city?

An early response by the experts will be highly appreciated.
Please mark a reply to my ID varshney_office@yahoo.com

Thanks.

Hemendra

can any body tell me the difference b/w tax invoice and commercial invoice.
Is it olny for legal and administrative(accounts) reectively or is there such other intention behind it.
Why do we need to prepare both these when both have (commonly) same particulars

A company is making payment to B company for shred power evacuation facility. Whether A company is required to deduct TDS. If yes than whether u/s. 194J or 194C

HI Experts

One of my client is an technological based company
they sale their their products as well as provide AMC(service) to their clients

They issue different bills to their for the goods & for the AMC(SERVICE INCLUDING SERVICE TAX )they provide
but their client give them the payment in lump sum amount .
The general credit period provided by the company is 3-4 months

EXample of the Query

GOODS SOLD to A in april Rs50000
AMC Provided to A in april Rs20000


After 3-4 months A gives my client a check of some amt say Rs 65000

.....
more goods as well as services are bieng provided to A during this period of 3-4 months.

MY QUERY :- HOW TO DIFFERENTIATE THE AMOUNT RECD FROM A BETWEEN GOODS & SERVICE PROVIDED
WHAT AMOUNT OF SERVICE TAX IS BEING PAID BY A

THANKS IN ADVANCE
WAITING FOR YOUR REPLY

Helli sir,

I have an assignment to conduct internal audit of a stock broker. The scope of audit will include following
1. the existence, scope and efficiency of the internal control system,
2. compliance with the provisions of the SEBI Act, 1992,
3. Securities Contracts (Regulation) Act 1956,
4. SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992,
5. circulars issued by SEBI,
6. agreements,
7. KYC requirements,
8. Bye Laws of the Exchanges,
9. data security and insurance in respect of the operations of stock brokers/clearing members.

Can you pls provide some guidance as to how can I proceed or where can I get a literature on requirements of above laws for stock brokers.

Thanks in anticpation.
Pooja