Hello,

Under section 87A of Income tax act, rebate of Rs. 2000 is allowed to the person having net income of 5 lakh or < 5 lakh.

Whether this rebate is also allowed against Education cess and Higher education cess ?

Whether education cess is required to pay, even though, income is < 5 lakh ?

Thanks in advance.

The query is regarding deposit of authorised and paid up share capital in bank account:

One of my client - a private limited company incorporated in July 2013 - never deposited initial share capital of Rs. 100000/- in company's bank account. My question is:

1. can a company keep its share capital in the form of cash in its cash book.
2. Is it altogether mandatory to deposit the initial share capital money in bank account or the company can carry the amount in its cash book and show the utilisation in cash only.

Respected sir,
sir please tell me for what purpose does the form c is used and how will it be filled in format. i am not able to getting anything regarding that please.

What amount of penal interest should be charged for non-submission of stock statement at the end of every month by CC account holders?

Respected sir,
What is the rules & procedures relating to profession tax calculation as well as profession tax payment, in case the company is having head office in Mumbai & branches in Bangalore & Chennai ??

will the pt be deducted as per the profession tax rules of different states ??

from where the profession tax should be deposited ??

I am salaried employee. i have flat in panvel but i am staying with my husband at Kurla. shall i show in my tax return, i am paying rent to my husband and claim for HRA allowance.

Heya sir/mam, I am a student of CA but I m not able to have a good understanding of my subjects because my basics are weak very weak plzzzz help me how can I improve my basics so that I can understand my subjects properly or plzzz tellme the topics with the help of which I can improve my basics..............plzzzzz help plzzzzz...................

dear experts.
if plot is purchased before 3 years ago n house is constructed in current financial year thereon.and want to sale out that house before 31 march. what are the tax liability?

Dear Expert.

For Example :
Service : TECHNICAL TESTING,INSPECTION, CERTIFICATION

Three Company A (service provider)
Company B (middleman)
Company C (service Receiver)

Company A raised bill to Company B Rs. 112360/- and Company B raised Bill to Co. C.
Rs. 168540/-

1. Can Company B avail the Cenvat Credit received from A (Rs. 12360)ans set off with his Stax payble Rs. 18540/-. (i.e net payable RS. 6180/-)

Pls reply its urgent.

Regards,
M.Agarwal

An employee receives LTA of Rs. 10,000/- p.a. during the calender block from 2010-2013.

First he was travelled in 2011 and claimed Rs. 20,000/- by receiving 2 years LTA amount.

Secondly he had travelled in 2013 and claimed again Rs. 20,000/- of 2 years. So he claimed total LTA of Rs. 40,000/- during 2011 & 2013 travelling.



So is this calculation is correct.



Request your early reply.