Whether leave encashment received at the time of resignation is exempt u/s 10(10AA)? Whether there are any decisions from the Chennai jurisdictional authorities on the subject?

HI,

1) Can a company provide fixed conveyance allowance in the form of the salary, and aviod the FBT on the same.? If yes then what is the limit of the Fixed conveyance allowance the company can provide.?
Such allowance if provided are benificial for both the employer and employee as it is exempted u/s 10(14)clause 1.
I have an information from my friend that such Fixed conveyance allowance shall be provided up to Rs. 84,000/- per annum per employee.

2)In respect of Tours & Travelling expenses,can a Fixed conveyance allowance be also provided so that FBT on the same is avoided.

3) Please clarify the above doubt, provide relevant section reference or rules reference if any.


Regards
Ahsan K.Mansoori

What happens when one of the co-owner of a leased property refuses to renew the agreement while the other co-owners are for the renewal? There exists no partition deed between the co-owners. Will majority come into play?

could we claim for the service tax charged on the mobile bills on the name of the company , directors, emloyees.

could anyone give the TDS rate applicable to travel agents/ travel agencies.
&
Is TDS is deducting on the whole amount of the bill or only on the commission charged by the travel agent / travel agencies.

LTA:

If the company is having a policy of carry forwarding the LTA balance to subsequent calendar year in the same block, can an employee submit bills pertaining to the previous calendar year in the year the balance of transfer.

For example if the employee had not claimed in the year 2006 and the balance pertaining to that year is transferred to the next calender year 2007. Now the employee claims for the year 2006,in the year 2007 with the bills dated 2006. Can an employee submit the bills pertaining to last calender year in the year 2007. Whether the company can accept such bills and whether such payment be given exemption under Income Tax Act, 1961

Please explain me with example about the deffered tax liability on permenant defference..

sir,

During the year 2007-08, Rs.27800/- excess tds remitted to Govt.

what is the procedure of claim refund.


please sir

HI,
I AM VIJAY. I COMPLETED MY CA PE-2 FOR EXAMS HELD IN NOVEMBER 2006. THEREAFTER I JOINED CA FIRM IN DELHI ON 15/02/2007 . FOR THE FIRST 3 MONTHS ALL WAS GOING WELL.
BUT THEN SOME PROBLEMS DO OCCUR BETWEEM MYSELF AND MY CA.
WE WERE ASKED TO DO SOME WORK WHICH WERE NOT AT ALL GOOD(PEON TYPE WORK)AND I WAS AGAINST THAT AND ALSO WITH THE BEHAVIOR OF MY CA. THINGS WERE GOING BAD WITH EACH PASSING DAY. i thought that i have lost my self respect in that firm AND I DECIDED TO TAKE TRANSFER FROM THE FIRM.
I CAME TO KNOW THAT WE HAVE TO WORK FOR ATLEAST 6 MONTHS IN ANY CA FIRM ONLY THEN W CAN TAKE TRANSFER.
I DO FIND FOR MYSELF A GOOD CA FIRM BUT MY CA DID NOT GIVE ME TRANSFER AND SAID YOU HAVE TO WORK FOR ATLEAST 1 MORE MONTH AND ONLY THEN WE WOULD GIVE YOU TRANSFER.
THEREFORE I WORKED FOR ANOTHER 1.5 MONTHS WITH THE FIRM.
ON THE DAY OF TRANSFER THAT IS ON 0/10/2007 WHEN I ASKED AS TO WHAT ABOUT THE LEAVE, MY CA SAID THAT YOU WERE ON 108 DAYS FOR THE SAID 7.5 MONTHS. BUT ACCORDING TO ME IT COULD NOT BE MORE THAN 35-35 DAYS. WITH THE HELP OF SIR PARTNER THAT IS SIR WIFE I DO GET TRANSFER WITH 48 DAYS LEAVE.
THEREAFTER I STARTED LOOKING FOR MYSELF IN ANOTHER CA FIRM BUT THINGS DO NOT GO WELL.
I DO GET A CA FIRM FOR TRAINING WITH SOME RELATIVES HELP BUT I AM SATISFIED WITH THE FIRM SINCE I AM GONG TO WORK IN THAT FIRM FOR THE PAST 50DAYS AND I HAVE TO JUST SIT IN THE OFFICE ON THE INTERNET ALONE AND THERE IS NO PRACTICAL EXPOSURE.
PLEASE HELP ME. DO PROVIDE ME WITH A LIST OF CA FIRMS WHERE I CAN APPLY FOR TRAINING BY MAILING M ON MY E MAIL ID : vj_bajaj@yahoo.co.in

thanking you.

Respected Members

I would like to know if an Individual performing services of Commercial coaching and Training from India

but the Trainee will be rendering the services after training outside India and

the Consideration for the services rendered will also be receiving in FOreign currency

Will it be exempt from payment of service tax.