CA R SEETHARAMAN's Expert Profile

Queries Replied : 41824

I am a retired Executive Director/Finance of a Navratna PSU.

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Priyanka says : CA final second Group or both?
hello sir, as you know only 2 months left for exams, i need some guidance. My status is - in first group i have done only FR and 30% SFM and second group i have completed 3 months back, but i need to revise it again. So sir according to u , i should give only 2nd group or both?

sivaram says : Respected sir
exgratia though taxable under salary the worker wants to plan this component as Gift can it be done or gifts comes only under other sources ? i nave read under perquisities any monetary gift is taxable and non monetaary gift is exempt upto value 5000? can this exgratia can be treated as gift and rs50000 exemption can be claimed under other sources head thereby not treating the exgratia component as salary but as gift

sivaram says : Respected sir
exgratia though taxable under salary the worker wants to plan this component as Gift can it be done or gifts comes only under other sources ? i nave read under perquisities any monetary gift is taxable and non monetaary gift is exempt upto value 5000? can this exgratia can be treated as gift and rs50000 exemption can be claimed under other sources head thereby not treating the exgratia component as salary but as gift

sivaram says : Respected sir
exgratia though taxable under salary the worker wants to plan this component as Gift can it be done or gifts comes only under other sources ? i nave read under perquisities any monetary gift is taxable and non monetaary gift is exempt upto value 5000? can this exgratia can be treated as gift and rs50000 exemption can be claimed under other sources head thereby not treating the exgratia component as salary but as gift

Harshal says : LTA Rule
Dear Sir, I need help for LTA exemption as per my knowledge current slab for LTA 2014-17 so shall I get exemption for LTA amount for financial 2015-16& 2016-17 in this year if I received in 2016-17 for both year, what proof I have to submit for 2015-16 LTA amount. please urgent help. Regards, Harshal konde