Pawan Patil
This Query has 4 replies

This Query has 4 replies

02 March 2008 at 14:07

House Rent Allowance

Respected Sir,

I have to know I have paid house Rent 3200 P.M. Basic Salary is Rs.6000 P.M.
Can I claim house rent for Rs. 3200 p.m
I am stay at Chinchwad, pune

As per rules INCOME TAX HOUSE RENT ALLOWANCE 40 % ON BASIC SALARY FOR NON METRO CITIES & 50 % ON BASIC ON METRO CITIES allowed

Is it pune is metro city as per IT RULES ?

With best regards,


Vilas choudhari


Pawan Patil
This Query has 3 replies

This Query has 3 replies

02 March 2008 at 12:06

House Rent Allowance

Respected Sir,

I have to know I have paid house Rent 3200 P.M. Basic Salary is Rs.6000 P.M.
Can I claim house rent for Rs. 3200 p.m
I am stay at Chinchwad, pune

As per rules INCOME TAX HOUSE RENT ALLOWANCE 40 % ON BASIC SALARY FOR NON METRO CITIES & 50 % ON BASIC ON METRO CITIES allowed

Is it pune is metro city as per IT RULES ?

With best regards,


Vilas choudhari


Ankit Bansal
This Query has 2 replies

This Query has 2 replies

01 March 2008 at 23:28

Official Gazette

We often come across provisions in Various Acts that "the Govt. will notify in the Official Gazette"
I wish to ask:
(a)What exactly is this Official Gazette?
(b)At what intervals is it issued?
(c) What are basically its contents?
(d)Can a specimen copy be visited online or is it available in Hard Copy in the market?


Sagar
This Query has 4 replies

This Query has 4 replies

01 March 2008 at 22:22

Gifts under FEMA

Problem: What is the procedure for a resident grandmother give a gift to her grandson, who is a non resident?
Facts: the grandmother and the grandson both have a joint NRO A/c in India. Without prejudice to your opinions the amount to be gifted is in Rupees say Rs. 20,000.


CA J M Pattanayak
This Query has 6 replies

This Query has 6 replies

Can anybody tel me as to what do FM meant by Small car ? Is it decided by price of car of length of car or facilities of car ?


sk.moynal hoq
This Query has 2 replies

This Query has 2 replies

01 March 2008 at 19:42

Investment in share

if an employee invest in share market in regular basis & make daily trading & delivery basis transaction. How the person disclose his income, as it is business income or capital gain nature ? & how the share will be valued? what is basic condition to make a non speculation business in share market?


CA MITHLESH KUMAR
This Query has 1 replies

This Query has 1 replies

01 March 2008 at 17:18

CENVAT CREDIT

HI....
I have taken cenvat credit as an Input on cement and TMT Bar which has been used in making foundation and platform of Plant & machienery (spoge iron plant). now excise dept is reversing the same claiming not eligible for cenvat credit at all. kindly suggest me the appropriate action to be taken. refer case law if any.


ankit
This Query has 3 replies

This Query has 3 replies

01 March 2008 at 16:53

ca with mba regular

i have recently cleared ca inter in nov. 2007 and i want to do mba full time course from recognised institute can i also do it regular and if so, are there any procedure of seeking permission from ca institute


Diptee
This Query has 3 replies

This Query has 3 replies

01 March 2008 at 16:25

Professional Ethics

If a Practicising CA receives the commission for recruting a candidate in a company(just like received by companies like naukari.com)whether it will be included in Management Consultancy Services perview?


ca pooja minhas
This Query has 2 replies

This Query has 2 replies

01 March 2008 at 16:20

govt. audits

is it neceesary to create partnership firm to do govt. audits for new comers






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