Reimbursement of medical expenditure upto Rs 15000/- per year is exempted. Please advise whether medical bills should also be pertain to same financial year or may be related to previous years also( old bills ).

Dear members,

Some of my TAMILNADU GOVERNMENT EMPLOYEE clients (SALARY HOLDERS )have received Interest on Pay commission arrears in the assessment year 2008-2009.

The nature of the case is as follows

1) Government of tamilnadu declared Increment on salary to Government employees in the year 2000-01.
2) Since by that time there were no funds in the government treasury the arrear declared by the government was credited in to the G.P.F. account of the Employees. and the assessees claimed rebate u/s 88 for ascertaining their Taxable income.
3)FOR THE financial year ended 2001, and F.Y 2002 it was kept in G.P.F. Account.
4) For and from the F.Y. 2003 the arrear amount was excluded in the P.F. SLIP. and no interest was calculated from that year.
5) In the financial year 2007 TAMILNADU GOVERNMENT has released one portion 30% of that arrears from G.P.F. Account. (I have not considered this as a salary as it was refunded from G.P.F. account).
6) In 2008 Government released another 30% from G.P.F. account and also paid Interest for the previous years 2001-2007.

my querry is
A) whether am I claim interest is non taxable for the assessment year 2008-2009.
B) Whether the Principle is non taxable as it was invested in G.P.F. Account for the financial year 2000-2001. (NOW RECEIVED)

MEMBERS MAY CLARIFY to ascertain the proposed taxablity of my clients in this regard.
Regards,
AUDITOR SEKAR
sugavanamsekar@yahoo.com

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please guide me.

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ABC Pvt Ltd place a order for supply of Hydropnuematic System. One of the terms of P.O. is that Installation, Testing & Commission of system will be carried out without any extra cost.

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OR
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now the account department is telling that we will transfer it to directors loan A/c.
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Some sir's are given reply this is penalty in nature,so this is noy allowed.Thanks for reply

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