Can you calculate for me how much i will exempt from tthis leave encashment as per Income Tax act 1961.

Leave Encahment: Rs 5133
earnd leave credited for 9 month : 11 day
average salary 14000
Earlir exemption taken nil
Period of service : 9 month
reason for leving :resignation

Dear All,


Can anybody please tell me what are the deduction form salary while calculating the taxable salary i.e. washing allowances, travelling, employes state insurance etc.


Thanks

Dear all,

one of my client is registered under MVAT and having the business of supplying surrvey instruments & civil engineering material, recently he has supplied survey instruments to Maharashtra State Govertnment(PWD)and has rasied the bill with vat @ 12.50% the office while paying him has deducted VAT @ 4%, TDS @ 5.25%, service Tax @ 12.36% and has paid the bill,

i.e. suppose the bill amount is Rs 1,000/- they have deducted Rs 40 as vat, Rs 52.50 as tds, & 123.60 as service tax.

now my query is under which section they have deducted this tax? can they deducted it? can we claim the VAT amount while filling the half yearly VAT return & under which section ?

yes we can claim the TDS amount while filling the ITR, and he is not registered under service tax so that amount cannot be claimed.


Please Guide me
hoping for a positve response form all


Thanks

Atul N.S.

sir,

I am facing difficulty in solving "Activity crashing problems" in CPM and Pert.

What is the criteria to select the activities. I AM REALLY CONFUSED. MY ATTEMPT IS IN NOV. 08. PLZ HELP ME.

kindly someone provide me detailed steps to solve the problem.

plz guide me for this topic.

We have shown the TDS certificates received amounting to rs 4 lacs but we have actually received the certificates of rs. 3 lacs but again in the balance sheet for 07-08 we have shown the tds of rs 4 lacs. so what will be the treatment of difference amount in the next financial year.

We have shown the TDS certificates received amounting to rs 4 lacs but we have actually received the certificates of rs. 3 lacs but again in the balance sheet for 07-08 we have shown the tds of rs 4 lacs. so what will be the treatment of difference amount in the next financial year.

can you give the web site to know about foriegn exchange closing rate.

one of my client wants import industrial use oils. what are the licences to be obtained and what is the procedure to import

DEAR SIR,
MY BROTHER IS AN NRI, NOW AMERICAN NATIONAL.
HEAND HIS WIFE HAVE PURCHASED A FLAT IN INDIA IN JOINT NAME. FOR PURCHASE OF FLAT ALL MONEY RECEIVED FROM USA IN NRE ACCOUNT IN INDIA. FLAT HAS BEEN RENTED OUT.
THE RENTAL INCOME OF FLAT WILL BE DEVIDED BETWEEN THE TWO.
WHILE FILING IT RETURN ANY DOCUMENTARY PROOF IS TO BE ATTACHED OR NEEDED LATER TO SHOW SHARE OF EACH ONE WHILE PURCHASE OF HOUSE.
IN USA THERE IS NO PROVISION OF SEPERATE BANK ACCOUNT ALL BANK ACCOUNTS ARE JOINT.

REGARDS,

A.KUMAR

Whether probation period is counted for the purpose of calculating 5 years?

Suppose an employee completes 1 year in probation and immly the organisation confirms the probation. After that the Employeee completes 4.5 years under confirmation. Is he eligible for Gratuity under the act.