Bharadwaj
29 March 2009 at 07:34

Rearding HRA allowance

I have a question regarding HRA computation

HRA is the least of the following

1.40 or 50% of the salary ( in case of metro & non-metro )
2.actual hra recd
3.Excess of rent paid over 10% of salary

In the following what does salary represent either salary or basic salary

while salary includes DA, commission
and basic salary does not include so

so what shall we take for the computation either salary or basic salary


sunny
29 March 2009 at 03:30

HOSTELS

is there any boby who can let me the list of hostel For C.A students in DELHI,KOLKATA & MUMBAI all the three places if any body plz let me know as soon as possible


Anuraag Sharma
29 March 2009 at 02:08

Appointment of Auditor u/s 224

Case : X Ltd. was incorporated on 01-02-1998 and Mr. P was appointed as auditor by the Board of Directors in their meeting held on 03-03-1998.

According to sec. 224, the board of directors shall appoint the first auditor of a company within one month of the date of registration of the company by a valid resolution. Further, if the board fails to do so shareholders shall appoint first auditor in the general meeting.

In the present case the date of incorporation is 01-02-1998 and the directors have appointed Mr. P as the first auditor on 03-02-1998 i.e. to say after one month.

Query : was this appointment valid or it should be deemed as void so that it could give rise to the powers of Central Government conferred upon it by sec. 224(3)


sumit

hi to all,
During an audit i found that the company is not collecting forms of sales tax like as C/H/F in haryana.Company is listed in stock exchange and have a division in bahalgarh haryana.When i checked the sales ledger of bahalgarh division i found that there is huge sale against C form and company did stock transfer to it's delhi division but company did not collect forms with in year.When i asked them they said that we collect forms when service tax department ask for that even we did not collect forms for FY 2006-07.In my opinion they should collect it with in three months.But i am confuse about haryana sales tax rules is the rules for haryana differ about this. Please guide me about this and also suggest if company have sale of rs 1000000 against C forms then what is the panelty and interest if there is any.


shri.........
28 March 2009 at 23:44

TDS

what is the TDS rate in case of Car hire charges .
if car hire for the whole month, will there any changes in rates ???


CA. Vinod Agarwal
28 March 2009 at 22:50

Pension under LIC pension scheme

Is the monthly pension received under LIC pension scheme taxable?
If it is exempt under which section


CA. Vinod Agarwal
28 March 2009 at 22:49

Annuity under LIC pension scheme

Is the annuity received under LIC pension scheme taxable?
If it is exempt under which section


mahesh
28 March 2009 at 21:39

Books

Wil u refer me best books for PCC studies of all subjects ?? I am searching very eagerly.
Plz.


Sundararajan G

I have made some investments in ELSS schemes for Section 80 c benefit in F.Y 2007-08. But in that year I did not claim the 80 c benefit for that investment.

So Can I claim 80 c benefit for this investment in the F.Y 2008-09.


Lokesh Agarwal
28 March 2009 at 21:12

Property Transfer

Can the Husband's share of Residential property be transferred to his wife or anyone in the family after the demise of Husband without any "will" in place? If the property share is to be transferred before demise, what is the best option to do it?






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