Company is reimbursing medical expenses and telephone charges monthly equal amount total per annum is Rs.15000 & Rs.12000 respectively which is part of salary.

Is it necessary that the employee should submit the documents every month for tax calculation or is it okey to submit the documents once in a year(i.e at the end of the year).

dear sir!
my company was having one service contract with nokia.
Due to some reason this contract has been cancelled.
we have raised a debit note on nokia.
When they released our payment they have deducted TDS on this amount.
I think it should not be deducted.they have deducted this tds under 194c
Please clear this issue.
Gajendra

I have purchased a residential plot and for that I have taken a loan from the LIC Housing Finance Limited.

My queries are as under:

1. Whether the principal amount paid during the year is eligible under Section 80C of the IT Act.
2. Whether the interest paid during the year is eligible under Section 24(b) of the IT Act.

I am a PCC student. I would like to know how many transfers are allowed in our total articleship period of three and a half years?

What is the risk involved in issuing two invoices bearing the same invoice number to two different clients? Would there be any implication if one of the said invoices is cancelled?

Sir,

I want to know what is Cenvat how it is calculated & on which commodity it is appicable?

Regards


Bhaskar

Dear Sir
Pl.Clarify me we are having Br.z in through out india in all states , what is the proceser for reg.of Professional tax and i require Professional Tax rates State wise. and which states are exempted from Professional tax. Pl. send me detailed information reg.above query
regds
suri

What should be the accounting entry in tally when the rent of Rs 50000 is paid to director’s,also TDS needs to be deducted and end of year we also want to know the gross payment to director.

Will FBT be levied on the amount of service tax on expense incurred ? E.g. Expense Rs.100/- Service tax on this exp Rs.10/- So, FBT will be levied on Rs.100/-or Rs.110/- ?

Some notification or circular or case law or some news had come in this regard. If anybody could provide the same, it would be of great help.....

Hi !

What would be the TDS rate on a payment by a Tours & Travel Agency to the guides it hires for helping out the clients in visiting various tourists places. Guides are not an employee of the Company and freelancers. Will TDS be deducted u/s 194C or 194H or 194J.

Please reply ASAP with references.

Rozi Gupta