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Kishan SIngh
24 February 2018 at 23:03

Esi calculation

ESI Deduct on Basic Pay + DA OR Gross Salary
Example
Basic Pay 11000
DA Rs 3000
HRA RS 2000
Answer - PF@12% of (11000+3000= 1680 /-
& ESI @1.75% of (11000+3000+2000) = 280 /-

This example is correct or not

Please guide me.
Thanks


krishna avasare
24 February 2018 at 21:15

Gst on restorant's new unit

Please give me solution on my query.
A pvt Ltd company running a star hotel having restoreant and charging 18% GST on restorant sale it contemplated to start separate unit in different village under different roof what is the rate of GST on new unit of restorant


krishna avasare
24 February 2018 at 21:08

Gst on restorant's new unit

a pvt Ltd company running a star hotel having restoreant and charging 18% GST on restorant sale it contemplated to start separate unit in different village under different roof what is the rate of GST on new unit of restorant



Anonymous
24 February 2018 at 21:06

Tax liability on salary received in uk

I was earning salary from April 2016 to Oct 2016 in India and tds deducted from the company. In Nov 2016 I have sent to UK for employment and drawing salary in UK only. However, no tax was deducted from the company to the extent of salary received in UK.

No tax was paid in UK. Because, the entire salary received in UK is within the threshold limit as per UK tax law.

So, my question is that, whether salary received in UK, taxable in India?


GauravBhatia
24 February 2018 at 20:24

Wipro campus writen test

how to prepare wipro campus writen test for newly qualified CA?



Anonymous
24 February 2018 at 20:06

Sale of fixed asset

my company business is service provided by crane services , one old crane was sale some of amount also received gst amount ,then that amount received amount are gst tax paid or not ,if any provision is there tax liability adjustment actually crane was purchased 2012 ,sale of crane jan 2018,gst tax received in this amount is adjusted for any provision


Gopalakrishnan. S

Sir,

One of my friend has availed education loan for the higher studies of his son. The loan has been applied jointly by my friend and his wife.

Neither he nor his wife has filed the IT return for the F.Y 2015 - 16 and 16 - 17 and now they want to file it.

The issue is that, though the education loan for his son has been availed, with his wife as Co-Applicant, the entire Interest amount on the said loan has been paid by my friend from his bank account only. As such, can he avail 100% rebate by himself to the extent of the interest amount paid on loan or is he eligible only for the 50% of the total interest paid each year, while the rest can be claimed by his wife ?

Kindly clarify.



Anonymous
24 February 2018 at 19:39

Capital gains

The assessee sold the house in Delhi for Rs 65,00,000 relevant to AY 17-18. Resulting in LTCG OF Rs 52,00,000.
She Invested the Entire LTCG in house built by her son on her sons name. The entire payment has been made to the builder from the Assessee's account.

Will she get the benefit of Section 54?



Anonymous
24 February 2018 at 18:56

Pf withdrawl declaration in itr

Sir,I worked for a company from 2011 sep to 2015 oct.after that I quit the company and withdraw pf.my company deducted 10% tds on pf.my total salary income excluding pf settlement in fy2015-16 is Rs 340000.I got 1 lakh as pf settlement.can I get a refund of tds on pf,since pf amount is less than exemption limit.otherwise do I need to add pf income with total salary earned in 2015 to arrive at tax liability?also I got EPS(PENSION) amt of Rs 30000.do I need to declare this amount in ITR?or am I elgible for tax exemption?


Sai Prasanth

With reference to above subject, I want to know the following:
1. Status of such person for filing the return
2. Applicable ITR
3. Taxability slab rates

Source for the answers wrt above queries.