Can a employee claim conveyance allowance of Rs.9600 p.a. exempt if it is mentioned in salary certificate? Pls. explain how to get benefit of Conveyance allowance of Rs. 9600/- from tax exemption.

Dear All,

Kya mai traces se Form 16 download na karke computds se form 16 generate karke employee ko doo to kya wo income tax me applicable h. Isse employee ko koi loss thode hi na hoga.

coz mere download kare hue form 16 me "Amount paid/Credited" columm me 1st se 3rd qtr me amount different h but total gross salary is matched for computation and tds bilkul sahi h.

pls reply must.

thanks,

Sir, i would like to know that if payment of a an expenses exceeding Rs.20000/- through cash memo than such amount disallowed or not.?

please let me know how to calculate interest on reducing balance method

please answer

A chartered accountant conduct the tax audit for a firm which have not more than 1 crore turn over. This type of audit consider for ceiling of 45 Audit.

my dad is retired. his income is pension with brokerage amount recd in his account. can i submit his return in ITR-1 for his pension and included brokerage amount in other income and upload or any other form i have to file.

I want to change the residential status of a director from Non-resident to Resident.
DIN 4 application needs a proof of the residential status.
What will I have to attach to show that the director is a resident Indian.

Dear sir,

I need to know that can i file my NIL income tax return for F.Y. 2011-12 (A.Y. 2012-13) now? is there any penalty for the same ?
it's my first time for itr filing and i also first applied and my PAN no is alloted.



Regards,
Mahesh

Please solve my problem:
If a person has purchased 5000 units of foreign mutual fund in 2007 @$10 per unit when exchange rate was 1$=Rs45. He has sold these 5000 units in 2013 @$12 per unit when exchange rate is 1$=Rs55. How the capital gain shoud be computed.
Further suggest whether capital gain should be computed considering the difference of exchange rate.(Assuming there is no indexation)
Whether the solution shoud be like this:-
sale 5000*12*55= 3300000
- purchase 5000*10*45= 2250000
Long term capital gain=1050000

or shouid be like this:-
sale 5000*12 =60000
-purchase 5000*10 =50000
Long term capital gain=10000*55
=5500000
Please help..

A SALARIED PERSON HAS TOTAL INCOME OF 8 LACS ?
WHAT WILL BE THE TAX LIABLITY FOR F.Y 2012-2013?
WHAT WILL BE THE TDS FOR EVERY QUARTER?