What are the allowance I can pay to my employees under proprietor ship business and that allowance should be exempted from tax.

Thanks.

Is the cenvat credit on input services is allowed if the service provider is also a trader doing the business from single premises or it is restricted to the extent of taxable services provided?

query to be asked-regarding Cenvat credit rule 6(3)

in case of a person providing exempted as well as taxable services he has three option to take the credit on input services
1. maintain the seprate account and take the cenvat credit on input services utilized for providing taxable output services.
or
2.Pay 8% amount of exempted services and avail whole cenvat credit on input.
or
3.pay proportionaste amount

now the question is to calculate the 8% or proportionate amount, the value of exempted services we will have to take the value of previous year.

the second question is in the current year there is no exempted services provided still in such case we will have to pay the 8% or propotioanate amount based on the previious year value to take the cenvat credit.


another query
to take the cenvat credit on input there must be proper invoice but in case of rent if there is an agreement between the party still is it necessary to issue the invoive to the party

As per Sectin 43 B of the income tax act, any interest on the loan from any bank or from any financial institution is disallowed unless if it is not paid befoe the due date for filing of return as per sec 139(1). is the overdraft is treated as loan? if it is considered as like any interest is credited with assessee's a/c but not paid before the due date, is this interest is allowed, please specify case laws if any?

is there any case law on capital gain on sale of gold pls send me its urgent

if there is any case law on capital gain on sale of gole please suggest me its urgent

if gold is received after the death of father then at the time of selling how to consider the cost of the gold? please suugest if there is any case laws on that is it exempt if it is not possible to find cost? because it is received inheretence from grand father

Sir,

What is the prescribed limit of remuneratiion u/s 314(1)? is it more than Rs. 10000 or Rs. 10000 or more?

Similarly, u/s 314(1B) : is it more than rs.50000 or Rs. 50000 or more?

I want to file return u/s 139(1) now i dont remember whether i was file the return or not? i also dont have copy of acknowldgement or no. of acknowldgemnt?

I have refund of Rs.20000

Please tell me how i deal this situation

Can i file same return dobule?

If yes under which section

please reply me earliest.

thank you

Hi
The auditor of company is required to submit a certificate stating that if his appointment will be made it will be within the limits as specified in sec. 224(1B).
My query is whether this provision is applicable to statutory auditors or it is also applicable for internal auditors i.e. whether internal audit will be considered for calculating specified limits?
Thanks in advance