Dear all,

what are the maximum exemption in the following allowances

1) house rent allowances

2) conveyance allowances

3) washing allowances

4) education allowances

5) and the last is contributation to employees state insurance is it exempt while calculating salary chargebale to income tax



Thanks

Atul

One of our employees giving fake rent receipt for claim of HRA exemption of Delhi address in instead of Living in Haryana and also given on rent receipt consolidated for 6 months.

can we give him exemption on the basis of one receipt?
pls ad me> So that we can not face problem in future


baljinder singh

We have incurred expenditure on account of advertisement of Rs.95 Lac (Aprrox.) on NDTV group.

We would like to treat this expenses as deferred expnditure. Can, we treat as deferred expedniture ? If yes how many year can we written off ?

Is It ok to show as deferred expnediture as per I.Tax Act & Company act?

Pls advise me.

Baljinder Singh

Dear Sir,
We have a case relating to EOU. Let me explain my doubt with an example. Our EOU have imported goods say @ Rs.41 per $, now our EOU wishes to sell the two-fifth of the quantity of materials to another EOU. Assuming that if the price of dollar has gone up to say Rs.47 per $.

1) Whether the transaction between these two EOU can be carried out in dollar terms?
2) Whether the goods can be virtually re-exported (Purchase return) to the Original supplier in abroad only by means of paper and the original supplier may in return issue a invoice in favour of the EOU who wishes to purchase the material and the goods will be originally removed from our EOU?
3) How the transaction between these two EOU can be carried out?
Plz clarify my doubt quickly. U can also reply to me on sr.sridhar85@gmail.com!

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can assesse treat two cars as two blocks seperately for depreciation purpose or he has to compulsarily treat them as per IT Act...?

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pls rply soon.....