Dear Team, If Employee travel from Mumbai to chennai by train & when he travels in Chennai he travels by Taxi. When he claims the LTA the employer also reimburse the taxi fare also in the name of LTA. Is it allowed?? Kindly clarify this under Income tax act. I am really confused about the taxibility of the same. Thanking you in advance.

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Sir, I am regd. dealer in Maharashtra, I am purchasing goods from M.P. and the same goods directly selling to Gujrat dealer (without entering the goods in Maharashtra), in this case i am being charged 2% CST by M.P. dealer (on"C" Form) and i am charging 2% CST from Gujrat dealer, i am invoice from Maharashtra and issuing "C" Form to M.P. dealer and receiving "C" Form from Gujrat dealer.
So can i set off / adjust 2% (CST on sales less CST on purchase)

I have taken a home loan for an under-construction property and currently living in a rented apartment.
Can I claim the interest deduction for the home loan taken and do not claim HRA?
Reason being my interest liability on home loan gives me better tax savings as compared to HRA. So I would like to forego HRA and take benefit on the interest payment on home loan for the property under construction. Please note that the property has been registered in my name but is under construction.

are the amendments same in all subject as they were applicable for nov 16 or there are more additional amendments for may 17

We had paid Rs. 40250 to our CA ( including service tax ) for the m/o oct 2016 as on 20-10-2016.now I want to deduct TDS on that it comes rs. 3500. I have passed the following entries kindly confirm if I passed the correct entries. 1) Legal & Professional fee Dr. 43750 CA Firm A/c. CR. 43750 2) CA Firm A/c. DR. 43750 To Bank CR. 40250 To TDS. CR. 3500 3) TDS A/c. Dr . 3500 To Bank. CR. 3500 We are not providing any kind of service that why I have not debited service tax amount also tell me do I need to debit the service tax amount or not?

Dear Sir / Madam,

What is the meaning of XM, XD, EM or ED in ECC Number?

Thanks

I was appeared in last two attempts I.e may 2016(Both Groups) n Nov 2016 (1st Group Only) both the times i face failure.. .. I want to know whether. I should go for both grps in may 2017 or single grp... please reply..... Thank you....😟

Since last one year online Appeal has to be filed. However, CIT Appeals are saying that there is no instructions from CBDT to take up online filed appeals for hearing. Please Clarify on this

Hi Friends,

Actually we had fired a employee from his service immediately and we are paying him 1 month salary in advance insteda of giving notice period. Can I show it as a salary?.

Please advice me.

Thanks in advance...

Hi Friends,

My query today is "if a foreign company holding an Indian pan card not having a permanent resident in India. Whether TDS is applicable on such foreign payments and at what rate"?