Say I receive HRA amount of Rs. 1,50,000/- p.m.and with basic of Rs.300,000/-p.m. The rent paid is Rs. 1,25,000/- p.m.

Do maintain a Guest-cum-office room at the residence in Metro. Do I get some admissibility for furnishing this room or maintaining it, from the point of view deductions under the relevant setin applicable for Income Tax payment

Is there any section, which is indicating that, it is required to calculate interest on NSC after reinvesting the interest amount in to base amount?

What will be implication of NSC reinvested amount? can i claim that as U/s80C deduction?

Kindly share study material of Direct and Indirect tax, Final (Old) course...for exam of Nov'09.

Whether ESI is applicable only on factories or is it also applicable on service industry employing more than 20 people?

If an organisation has 25 employees out of which only 5 have wages less than 10000, in this case is it required to get those 5 employees registered under ESI and make appropriate contribution?

Sir,
I have a request for clarification. If a proprietor whose turnover/gross receipt is below 40 lacs. He is running a computer institute (Franchisee). He is paying aroung 1.5lacs yearly to the Franchiser as a Royalty. whether he has to deduct TDS on the payment? ITO insisting him to deduct TDS.when I searched many books I couldnt find this provision. I want an urgent clarification. since his account is not to be audited u/s44AB he is not liable to TDS..Am I right? kindly clarfiy.

I am a software developer who takes freelance work from foreign clients and get paid in dollars. Do i need to charge any service tax or VAT on the bills i give to my clients abroad ?

Also do i need any export license ?

Regards
Sidharth

Is there any time limit but the resersal of the bonus provision made?
It is the policy of the company to pay the bonus amount in Diwali and if the left employees does not come at Diwali the bonus amount is not paid.
According to the Bonus Act, is it correct?

Is e-filing of income tax return mandatory for a partnership firm having turnover less than 40 lacs, for the A. Y. 2009 - 10?

Is it still necessary to attach copy of partnership deed with the first ROI of the firm?

Thnx & Regards,
Niki

Hello,

There was a recent judgement of Supreme Court in year 2008, regarding the leviable of CST in the case of Works Contract, wherein it was decided about the levy of CST in the case of purhcase of goods from outside the state or likewise. I do not know the name of the Appellant but the case is for sure.

Please if anyone can give me any link to this judgement or mail me any copy or just inform me where I can get this judgement.

My email id is:- ca.hkgupta@yahoo.com