Dear Friends,

Requesyed to clarify whether the follwoing allowances received from the employer is exempted from the income u/s-10:

1. Fooding allowance received @ Rs.2000 pm.
2. Uniform allowance for maintenace @ Rs.1000 pm.

Regards

Msksud

Can we issue capital to the promoters for consideration other than cash???

While calculating depreciation on fixed assets, is VAT taken into consideration?

I have given my house on Rent and done painting , small repair and fitted electrical appliances in it. can i claim standard deduction u/s 24 @ 30%

and also can i claim deduction for the amount which i have spent on painting and all apart from above deduction

Dear Sir/Madam,

We have a client for whom the trade payable is in negative(i.e. -1234). I cannot able to enter the amount in negative in Form 23AC. How can a negative amount can be entered in the form.

sir i have registered with ca ipce direct scheme, i have completed orintation program and itt training , and i have join for articleship on 15th feb 2013 .so when will be mine ipce attempt and ca final attempt if get pass in ipce .

Dear Friends

in company , there is fixed Assets , the company has given the said Assets on rent now , income side of Profit and Loss account it shows the rent income
whether the company can claim the depreciation on the said Assets as per Company's Act?
Kindly advice me
CA RIkin J shah

Please provide me a format of Board Resolution for enhancement of Cash Credit limit from bank.

Regards:
Pooja

Respected Sir,

I am employee at Pvt company. I have take a home loan form bank, where i got a certificate for Principal & interest amount

At present i am living at rented house.

so can i take following deductions:

1) House rent allowance under salary (Even i have home & home loan)

2) Interest upto 1,50,000 ( if we are living at rented house & taking HRA benefits under salary Head)

3) Principal amount under 80C(If we are living at rented house & taking HRA Benefits under salary head)

During the articalship is take transfer from one firm to another now my articalship is completed on 5-3-2013 ,which form should file to icai..??