Respected Experts,
Plz tell me, If any salary person get Uniform Washing Allowance Rs.3000/- per month then, Is it exempted under section 10, & If YES then upto what extent and on which basis it is exempt from income tax...???

Thank you...

Sir,

I have a housing loan with my wife as co borrower.
We purchased the house in 2012.

Total interest paid in FY 13-14 was 2.32 Lacs.

Can both of us claim interest of 1.5 lacs under Income tax return.

The house is self occupied by my wife in Surat where as i stay in a rented accomodation in Mumbai.

Pl confirm.


Regards,

can anyone provide me detail of case law A.R.Complex V. ITO (2008)

if an individual is providing job work to a company of Rs 3 lakhs but giving bills under different names of firms.....and auditor finds out that the person providing job work is same for every bill and company has not deducted tds....should auditor in report in audit report on non deduction of tax

Dear sir,

please help me the Depr rate for Lockers

Regards
Dhina

our company have two office.one is punjab and other is chennai. we have import goods from china to punjab ,then sold to rajsthan
under billing address of chennai office.please tell me which state we should be pay CST, tamilnadu or punjab?


we have registered dealer in tamilnadu vat.

Dear all

clause 4(ix)(a) says if any stauttory dues pending for more than 6 months as at the end of the financial year then we have to report it; &
4(ix)(b) says when statutory dues is pending due to dispute then amount & forum where dispute is pending should be show.

I have read one more thing their that reporting under this clause is required irrespective of the fact that any arrear is pending at the balancesheet date or not.

so my question is , Wheather any dues which has been paid after 6 months should be shown in audit report or not.

Regards
Pradeep Kumar

Whether an Individual Liable to get his all proprietorship firms audited, if only one of his firm is falling under perview of tax audit U/s 44AD due to showing profit less than 8%.
My view : As an Individual he will be assessed with Income Tax authorities singly as a whole. But I am not sure about it.

Sir/Madam,
Mr X had following Incomes for the F.Y. 2013-14:
Salary Income - 100000.00
LICI Commission Income - 130000.00.

Now, my queries are:
1.LICI Commissions taxable under which head?
2. What amount of expenses he can claim from LICI Commission Income?

dear experts...


Which amount to disclose in balance sheet (Audit firm), if the balance as per bank book and bank statement is being difference???


is there any note to be mention in the audit report regarding BRS???