One of the employee getting 25,000 BASIC and received 5000 as HRA per month.That employee received HRA for FOUR months only but paid the rent 4000 for the whole year(12 months).
as per HRA exemption:
1. A. 5000 x 4 = 20000 (HRA received)
B. 50% of Salary(300000 x50/100) 150000
C. Rent paid(4000 x 12) 48000 - ?
my question is rent paid minus 10% salary here 10% salary means 10000(4 x 25000*10%) or 30000(12x25000*10%)
please guide me thanks in advance

what should i mention on stamp for deed for belated articleship registration

Dear Experts,
I'm registered dealer under GST as regular dealer in uttar Pradesh. Now I want to open one branch in Bhopal (Madhya Pradesh)

Pls clarify :- whether is it necessary to obtained the branch registration separately in Madhya Pradesh. However it is proprietary firm can we obtained the new registration there in Madhya Pradesh with the same I.e with my pan No. Whereas i'm already registered with my pan No. Also in uttar Pradesh,

Thanks & Regards
Vishal Sharma

Dear Team,

I am a trader. i have one machinery.

my question is :

I paid an amount to Service provider of machinery for its Oiling, and other misc. parts have been changed. He gave me GST invoice and mention my GST No also. He charged GST as per Rate of Tax Decided in GST Law.

So, Can i take input of this invoice in accounts as well as in GST Return?? Kindly Suggest me..

How to Reply of Late Late Filling of ER-1 Returns and short payment of Central excise duty to the Assistant Commissioner of Goods & Service Tax

Do we need to pay gst on premium paid by us in PFRDA ,or employees state insurance etc..???

Dear Friends
Is it legally valid to provide a Grant-in-Aid to a Registered Federation of Self Help Groups for which 12A is Applied For and awaited.
Funds are domestic in nature and raised by the Donor Organisation.
Does the Donor organisation, another registered society, attract any Direct or Vicarious liability?
Would the Donor organisation be violating any law, if providing such a Grant and lose any of its registrations (Society registration, 12 A, 80G and such others).
What Statutory/Tax liability would the Recipient organisation attract if it were to receive such a grant towards Capital Equipment Purchase and Start-up Capital for Income Generation Activity (Value Addition/Collective Livelihoods) among its constituent members.
Is it correct to state that such Tax Liability would be attracted only if the Nett Profit (Income less Expenditure) is over Rs.2.50 lakhs in the corresponding Financial Year.
A quick revert would be excellent.

Can Educational expenses incurred for a doctor for his/her own higher studies, [PG], be allowed as expenses? It could not be claimed as Education Expenses u/s.80C. Whether this expense is an allowable expense in professional income?

ITS URGENT !!!
Dear Friends,
I need to know how we can show our LIC Policies investment in our Balancesheet .
can we show it in its surrender value (that can be available to us from LIC Office).Or we can show as all that preminum that we had paid till date.for example i paid yearly premium of 10000/- and for 15 year i paid the premium so can in my balancesheet as 10000*15=150000/-

Please Help!!

Sir,

whether for the appointment of additional; director we have file mgt-14?