IS THERE ANY EXEMPTION IN RESPECT OF CASH EQUIVALENT OF EARNED LEAVE AT THE EMPLOYEES CREDIT ONLY AT THE TIME OF RETIREMENT, WHETHER SUCH RETIREMENT IS ON SUPERANNUTION OR OTHERWISE?

SUPPOSE AN EMPLOYEE RESIGNED AFTER ONE YEAR /TWO TEAR/ THREE YEAR & GOT LEAVE ENCASHMENT OF RS 45000/ , IS HE CLAIM FOR EXEMPTION FOR INCOME TAX FROM EMPLOYER.

If a company gets the food from an outside caterer daily and supplies to its employees whether TDS is deductible u/s 194c? There is no contract entered into and nobody from the caterer's place comes to the company for serving. The caterer is just supplying the food. Does this attract 194c?

As per it law i am eligible for 15000/- pm medical. For which my company accounts persons are asking bills on every month basis for Rs. 1240/- Is it correct or as per It law i can give bills for Rs. 15000/- during any time of the year. Kindly reply thanks? delvi

Sir, TDS deduction on repairs , transportation etc relating to expenses on fixed assets which we are capitalising is required or not.

One Of Our Employee worked for April08 to June 08. we duducted the TDS. Now He requesting to issue form 16 for that period. The company filled the ETDS Return for that Quarter.
The question is shal i issue form 16 Now or I Can Wait upto Completeion of the FY.

Please advice me any one with reference to the Sections.

we approching a bank for credit lines after sanction of credit , ther are asking stamping of documents for this we have to pay two lakh one hundred we said to banker has to pay and debit to our account, what stamps should they affix on documents , let me know the name of stamps affix on documents

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?