sir,

an employee resigned from his employment due to health problem,so he has withdrawn all his accumulations from his public provident fund. all such accumulations taxable or not.please explained in detailed

Hi friends
We have problem on employee's pension please clarify me.
Previously we are deducted Pension on basic: i.e
Basic - Rs. 18600/-
Pension on basic (18600*8.33%=1549)
as per EPF Rules pension should not exceed Rs.541/-.( Basic Rs.6500)

but currently we want to deduct 8.33% on 6500 basic salary i.e Rs 541/-

if now we deducted Rs 541 then any problem from the EPF department.

Thank you

Hi Experts,
Iam working in an event management company and would like to know is there any limitations on cash withdrawl since we have lot of petty things to procure , payment to travel, transport, bus etc in cash depending upon the event.
and also in many cases we don't get supporting / invoices for the cash expenses . eg we needed to buy nail polish, hat , for one of our client women day celebration we bought from local vendor there was no bill or any thing. How to handle this in accounts and audit point of view. Kindly guide

PARTY RAISES BILL FOR SELLING FOOD BEVERAGES (LIMCA & SPRITE)AND CHARGES VAT ON THE BILL FOR INTRA STATE SALE BUT THE BILL IS HEADED AS 'CASH MEMO/BILL' AND WORDING 'VAT INVOICE' (AS REQUIRED BY THE VAT ACT) HAS NOT BEEN MENTIONED.
CAN THE BUYER TAKE CREDIT OF VAT CHARGED BY SUCH SELLER

Dear All,

I want to file the belated Income tax return for the A.Y. 2008-09 onwards in the income tax assessment notice. In this case, I want to claim section 54 exemption in the income from capital gain & also the deduction under chapter VI a of Income Tax Act, in the specified each year of filling returns.

Can I take the benefits of this exemptions & deduction in the income tax return????

Please Reply.......
Thanking You.....

There's rumour that we can use only Dot Pen for writing the Answers in Exam , for the Sake of Good Handwriting can one use the Gel Pen IN CA Final Exam ?

If assesse is resident and he has taken Life insurance from a foreign Insurance company at the time when he was NRI. Now he is resident and surrendered the policy. On surrender he gets surrender value in foreign currency.
Please suggest tax implication.
My opinion....it is non-taxable

Dear Sir,

My Taxable income is Rs. 2,10,450.

I have fixed deposit in a scheduled bank.

1st deposit period 2011 - 2016
2nd deposit period 2012 - 2017
2nd deposit period 2013 - 2018
2nd deposit period 2014 - 2019

The above deposits amount to around Rs. 2.5 L

Am I eligible to submit Form 15 (G)?
Even if I submit, will TDS be deducted?

Please reply back.

Dear All,

Please Suggest me with the procedure to file ITR and also penalty charges for individual who has not paid the Income Tax of 4 Previous Years, Preceding the Previous year.

Thank you.

my question is
my salary in fy 2013-14 is Rs. 170000 & i got profit in equity share interday trading is Rs.40000, so i liable to pay tax

kindly reply