Sir/Madam

Please resolve:
An employee opts for higher reimbursements in his CTC. The Company accordingly calculates and pays Advance FBT o the same. However at the end of the year the employee fails to produce enough bills/supportings to claim the reimbursements. Would the company be required to pay Income Tax on the excess reimbursements ? Or the payment of FBT would suffice? How would it have the effect from Income Tax point of view?

Sir/Madam

Please resolve:
An employee opts for higher reimbursements in his CTC. The Company accordingly calculates and pays Advance FBT o the same. However at the end of the year the employee fails to produce enough bills/supportings to claim the reimbursements. Would the company be required to pay Income Tax on the excess reimbursements ? Or the payment of FBT would suffice? How would it have the effect from Income Tax point of view?

i have client, who have the guest house as prpo.business.
he shows income as rent & misc. income ( food & drinks etc as added service ) provided to guest people recd. from guest house.His income is above Rs. 40 lacs & and he also filed return last year as tax audit. Is this income is liable for service tax ?,whether he apply for service tax reg.?, how to specify the details in invoice if service tax applicable?

WHAT WILL BE FBT RATE ON MEDICAL EXPENSES TO BE PAID BY COMPANY IS IT 7 %

AND IS LTA APPLICABLE FOR FBT

Dear sir,
One of my friend has three house property in his name ,he is selling two house property and will have capital gains on it .
My query is that whether two house property will qualify for exemption U/S 54, if he re invest the amount of capital gain in aquiring new residential house property

I want to know thatIncome from Wind Power Generation machine is eligible for deduction or not from income while computing tax on total income.
Also want to know about rate of depreciation of wind power machine as per Company act and as per IT act.Please note that we are a service provider in oil and exploration field.

our company was given medical allowance to employees upto rs.15000/- medical bills collected from all employees and exemption given in salary computation.

on that 15000/- fbt effected or not?

Rs.9600/- conveyance allowance given to employees on that amount effected fbt or not ?


please clarify sir

Dear Sir,
Kindly brief me about sec 89 for salary arrears.
Thanks

what basic documents required for formation of priate company.

how much amount spending for formation for documents?

how many days for registered as company after submission of necessary documents?

please urgent sir

our client is located in a special economic zone, as per changes in mat, sez companies should have to pay tax on entire book profit @ 10% without allowing for deduction for income under section 10A Whether it is right? please explain about new changes & applicability of mat in special economic zone