If an employee leave a company after due resignation & he have balance leave in his account & eligible for leave encashment, whether the company can pay him the Leave encashment availing the exemption under section 10AA?
From reading of section 10 AA it seems that exemption available only at the time of Retirement. Please guide.

Sir,

This is Aranya Dey . I am a Faculty in The Institute of Computer Accountants(ICA) teaching Accounts & Finance & Taxation. I want to know about GLN(Global Location No.) of MNCs i.e.It comprises of how many digits and their significance and full forms of the 7 Institutions those issue Digital Signature.

Thanks

Aranya Dey

Hi Experts

Whether travelling exp. is needs to be segragated in following heads covered by FBT or we can treat all the exp. as travelling and accordingly pay the FBT on that?

Food Exp. --> as Hospitality exp.
Hotel Stay --> as Hotel & lodging exp.

Thanks

what is the income tax rule 46A explain it and formet of any kind.

Dear Experts,

Please help me on the following issue, if seems justifiable.

1. In entertainment expenses, hotels bills, club bills (up to Rs. 2500/- per month) are free from the ambit of FBT if bills are in the name of employees.
(Because they cover in Perquisite u/s 17(2) (iv) or otherwise.( any other logic)


2. Conveyance Reimbursement for discharging the office duties and obligation are free from FBT or not (I couldn’t able to understand)
If yes (then why not Tour and Traveling)

3. If running and maintenance exp. (including fuel / petrol expenses) not attracts FBT (on other than Car and Aircraft) like bike, then under which head this expenditure should be booked. (Under conveyance or in any other head which doesn’t attract FBT)
4. Car Driver salary attracts FBT?

5. Reimbursement of Private Journey bills are exempt from FBT because covered u/s 17 (i) (iv) but what is the logic to the extent of Rs. 84000- P.A.

Looking forward to your reply.


Rgds/-

Anil Jain
9818 921865

Dear Sir/Madam
For filing annual return for the year 2007-08 which SRN NO. of Form 23B to be filled, i.e of 2007-08 appointment or of 2008-09 please confirm

Rgds
Puneeth

i am studying CA(pcc).my attempt is Nov 2008 but due to health reason i am decided to write may2009 attempt and i am continuing my articles without leave.if i written november attempt, my final attempt is 2010 november.if i am writting 2009 attempt when i can give final attempt.

What is the meaning of Junk Bond ?Give any example of it.

Rent received from cell sites ( mobile tower on top of residential property) is clubbed under Income from House Property. A case law to this effect is required
The assessing officer is contending to consider it under Income from Other Sources

This is a query I have seen floating in various forums, which unfortunately remains unaswered. Assuming that an individual gets a gross package (cost to company) of Rs. 50 lakhs per annum. What is the best possible salary structure which will ensure that he pays as minimum a tax as possible.