Sir,

Our employee has submitted a mediclaim receipt to claim the income tax benefit.

This policy is in the name of his parents & the policy nowhere mentions the employee's name on it. However, he is claiming that the payment for this policy has been made by him only.

Now, what is the employer's liability in this regard? Can we admit this document as valid for IT relief ?

Reply urgently,

Thanks

Subhash

I m a service provider to a wharehouse where i reimbursed my expenses which i incurred on behalf of my client. my Que is that what JV i pass in my books of accounts.
(1. i had pais salary Rs 250000/- in which Rs. 180000/- should be reimbursed from my client, same repair expenses 145000/- from which 85000/- belongs to client.

2. i raise the bill of my services regarding the above expenses which i have incurred.by charging ser. tax with my service tax.

i m registered in ser tax.

I am Ashish kumar from Hyderabad pursuing IPCC. I want to take coaching in New Delhi. Which is the best teaching professional for individule paper. I want to talk any CA student from Delhi. Please give me your no. or call me on this no. 09959986907 or 9346341756.

Sir,

Our employee has submitted a mediclaim receipt to claim the income tax benefit.

This policy is in the name of his parents & the policy nowhere mentions the employee's name on it. However, he is claiming that the payment for this policy has been made by him only.

Now, what is the employer's liability in this regard? Can we admit this document as valid for IT relief ?

Reply urgently,

Thanks

Subhash

Advance given to a director who holds more than 25% of shareholdings of a private company should be treated as dividend as per 2(22)(e). If the advance given are in the nature of salary advance, purchase advance , toor advance etc then, whether the above mentioned provision will apply or not?

Mr. Y has taken education loan for study of MBA and his father Mr. X paid interest on loan of Rs.45314/-.

Can father claim the exemption of interest paid on Education loan of his son. Son is doing study and he is not able to pay the interest.

Pls help me.

Regards

BALJINDER SINGH

in the disqualifications of a auditor it was state that auditor has no relationship with the company... but ICAI giving its audited statements after financial year..
how could it possible...
who will audit the ICAI
what r their qualifications..
is they qualified under ICAI.. the have relation between icai and them.. then how could they audit the ICAI accounts

If employee getting HRA benefit from company and he is paying rent to his parents(father or mother)/wife. In such case, whether this HRA is fully taxable or he can get exemption as per IT law?

Please advise the tax liability and status where income earned by
Corporate out of its agricultural income, in addition to the commercial income, which are lied down in the memorandum and articles.

please
adivse

visuiyer@yahoo.com

An Assessee wants to file his return of income for 3 Assessment years namely 2006-07, 2007-08 and 2008-09.
In the A/Ys 2006-07 and 2007-08 the assessee did not possess the PAN card. He had applied for it on 10.02.2008 and received it on 15.03.2008 i.e., he possesses PAn card only for the A/Y2008-09.
The total income of Assessee as per the requirements of sec. 139(1)for different A/Ys is as follows:
A/Y 2006-07 : Rs. 60,000
A/Y2007-08 : Rs. 95,300
A/y2008-09 : Rs.102,000

now my query is "The Assesse wants to file his return of income for awl the three assessment years, what will be the consequences with him? and what should he do for mentioning his PAN no. in d return for A/Y2006-07 and 2007-08?