Hi,
I want to know, how much amount of house rent allowance Per month can an employee pay ? If his basic salary 10000 per month & received House rent allowance Rs 4500 by Employer. What is the HRA limit which an employee can pay.

Dear Sir/Madam,

I have a query regarding service tax payable under reverse charge mechanism.

We have a contract with a cab service provider (Proprietary concern) for employees pick and drop facility effective Sep-2012. The service provider has raised the monthly bills for the period Sep-12 to Aug-13 with service tax charged in the bill @ 4.94%. From Sep-13 service provider stopped charging service tax in his bills. But we started paying service tax @ 4.94 under reverse charge effective Sep-13.

Now my questions are:
1. Since we have paid the entire amount including service tax charged in bill to service provider till Aug-13, do we need to pay any amount under reverse charge?

2. Since service provider has not charged service tax in his bill on and after Sep-13 and we paid the the tax @ 4.94 under reverse charge, is it correct?

Please advise

Hi,

During FY 2014-15 , I have Net Loss of INR 65000/- approx from F & O transactions.

My turnover during the period is around 4 lakhs.

Whether maintaining books & audit of same will be required for claiming & carry forward of F & o Loss

Thanks...

Dear Experts,

I need your valuable suggestions regarding IFRS. I am working in a PVT LTD Co. in Accounts.
I am planing to go for IFRS but confused whether this will help me because the Implementation of IFRS in India is still unclear.
Since 2009 most of the students completed IFRS but not many got opportunity to work in IFRS and not many got advantage/appreciation in their jobs for doing IFRS.

Also, If you won't suggest IFRS now then should I go for CIMA.

Best Regards

Sir,

One of my client have a rice co. & in a day it pay consolidate freight in excess of Rs. 35000.00 for different trucks having different Gr's. but single PAN i.e of truck owner. Drivers doesn't have their individual PAN.

Now plz clarify me whether that limit of Rs. 35000.00 is for single PAN or for individual trucks.

e.g freight paid to 1 truck driver is Rs. 20000 & another truck driver is Rs. 18000 but both have a single PAN.

company can save capital gain tax on sale of company office or not ?
if yes then how?

Hi,I'm undergoing my CA articleship. My articleship period commenced from 17-09-2012.I want to write my CA final exams in May,2015.
Now I want to go for CA final coaching and so, I wish to take leave under my employer. Upto now, I've completed 1 year,8 months of my articleship. My doubt is that, can I take leave now and serve the balance period after writing my CA final exams? If so, do I need to send any papers to the institute regarding this?

Pls clarify my doubt...

Dear Experts,

Is there any other method to compute Income other than section 44AB and 44AD of IT ACT???

Doesn't Dividend Distribution Tax amounts to double taxation?
A Company firstly pays tax on its earnings @ 30.90% and when a part of earning is distributed as dividend then DDT is also to be paid. So here the amount involved for dividend is facing double taxation.

Dear Sir,
I need to clarify a doubt regarding Companies Act 2013.

Can any one send the exact format of MOA & AOA as per CA 2013?

What about the Rule 14, 15 and 16 of the Companies Act 2013?
What about Rule 13 of Companies (Incorporation) Rules, 2014.?

Is it require any qualification to sign as witness against the subscribers column in MOA & AOA under CA 2013?