Sir,
Encashment of Earned leave is exempted to the extent of 3,00,000/- at the time of retirement. Balance if any is taxable under the head "salaries".

If a PSU is providing rent free residential un furnished accommodation, whether the encashment of earned leave (actual amount-300,000) and half pay leave at the time of retirement should also to be considered for calculation of perquisites?
Kindly clarify whether encashment of leave should also to be considered as salary at the time of retiremnt for calculation of perquisites.
If that is the situation, there will be more tax on account of perquisites at the time of retirement of an employee. In such a case, employee better to vacate the house before the year of superannuation to avoid the incometax.

Hi,

Our Company is giving Rs.25,000/above Rs.25,000 as a gift.

It is chargeable to tax, so straight away 30.90% will be deducted as a tax.

Can any one provide better way for receiving this gift (under any other form) so that minimum tax will be deducted and we will get maximum out of Rs.25,000 ?????

Whther there is any scope of saving tax by paying FBT ????

Can service tax credit on Telephone bills & bank charges be claimed for paying service tax.

I have passed CA PE-II in July 2006.I am undergoing articleship under a chartered accountant firm in Bhilai. My attempt for CA Final examinaton is November 2008.I want to take coaching classes from Raipur. Are there good coaching institutes in Raipur. If yes, can I get information about the coaching institutes in Raipur.

Respected Sir,

Please tell me Hindi Books for Auditing & AS

How can we file form no. 32 in case of removal of director u/s 284, if director is not accessible and his/her din is not also there, can a company reveal its responsibility to file form 23 if unable to file form, 23.

CS Dinesh Gupta

sir,
i am L.L.B degree holder,i want to be a charted acounted,i am at present 38 years old,am i elligeble for that presently i live in KANPUR.
THANKS' RAJESH

As per Scrutiny selection norms , income Less than 5 % on contract exceeding 1 crore is selcted for scrutiny. But Is it fair to select scrutiny even declaring income from contract exceeding 5% for firm before interest and remuneration for partners for assessment year 2006-07?

debit note belong for the financial year 2005-06 (assume tht sept'05)

if i make the entry for the same this year shall i claim cenvat credit

prasanth v nair

Assume tht in a big industries trasanction shows:

Qty mentioned in DN & DC is 100 Qty
but the Co., received the qty 110(as per GIN)

should i raise the Credit Note for 100 Qty or 110 Quantity

please tell the impact also for the same

pls reply in my mail also prakarthi@gmail.com