As a Vice President in a Company draws a salary of more than 25L per annum, under the existing laws , he pays Rs.5L as Income tax. He freqquently travels by Air, which the expenses run around Rs.20000 per month. Can we reduce the tax burden by declaring this expense under travel expenses or Allowances or benefits, so that it neither hurts the pocket of the Employee or the Employer? How it can be treated as expenditure "Exempted"?

I have cleared both group of ipce in Nov 2011 attempt.now i am in practical training since last 1.5 yrs.Now i want to join Industrial training.

so i request you to please guide me regards pre preparation for this.

If cash and trade discount is given in invoice, whether one can collect vat on net amount i.e. after deducting trade and cash discount....

Hi,
A company is registered in UP under VAT.
buy a motor vehicle in delhi for admin office in the name of company. now company sale that old vehicle in delhi. is there any VAT Liability ? and if yes then in which state? company is not registered in Vat delhi(beacuse of no sale purchase transaction in delhi) .

If an Indian company is providing services to its Associated Enterprise(AE) in USA and the AE is using these services further to complete its contractual obligation to a client based in USA.

The AE adds 4% profit margin to what the Indian company charges from it and provides the service to client at such price.

Will the transfer price on the Indian company be such sale price of service inclusive of 4% profit margin set by AE or without it.

Ex:

Supply price by Indian Co. to AE =Rs. 100

Profit Margin 4% =Rs. 4

Value of service charged =Rs. 104
from client

Will the transfer price for the Indian company be Rs. 100 or Rs. 104?

Please reply. It's very urgent.

Dear Sir,

I seek guidance for situation.I am residing in india and my income is generated outside India in Trading business. All products and services are done outside india. When i am paid by foreign company in India in form of salary or commsion , Is any tax applicable and what are the methods to exempt from tax.

Pls advice
Giri

Please let me know the exemption for security service provider.
If security service is provided to temple and education society, is there is any exemption.

Please reply.

Sir,
I am proprietor of business. loss occured during the financial year 2012-13 and my turn over is Rs. 55,00,000/- So TAX AUDIT is mandatory for me (Books of Accounts I Maintain)

Hi...

I had doubt that it is possible to claim cenvat inuput without registration and can i claim full input in case of purchase of capital goods.

If input claim is not claimed in any year whether it can claim next year.Is there any lapse of time for input.....


My regards
karan


please help me....

Thanking you.

how to check whether any one is claiming as ca but not having membership number?

is there any data available at icai for checking the same?