an employee received Rs. 10.00 lac by A/c payee cheque as interest free loan from his employer for purchasing a redential flat what will be the tax impact in the hands of employee ?

will it come under 56(2)or will be treated as perquisite of the employee ? however the loan amount is being repaid by the employee Rs. 10000 per month, loan taken in march 2013

please answer

Respected Sir,

I would like to ask you How much petrol Allowance is exempt as per IT law?

Also for Attaire?

Can we give petrol All Rs 2.40 pa

Rgds

Dear all experts

one of my client don'nt have service tax registration . now he rise the service invoice without service tax registration or after registration he rise the invoice. But total turnover was less than 10 lakhs

pls guide which way is better

I want file my tax return for the year 11-12
but i do not know the proceedure

i am doing asst accounts job and getting professional fees.
My TDS deducted at 10%

could you please help me

Hi,

Are plants made through tissue culture subject to sale tax? if so could you give me a reference pls.

Further, Plants grown in nurseries apart form tissue culture are subject to sales tax as well?

Lastly, Are nurseries exempt from sales and income tax?

Please help :-)

Dear all
i have taken admission in 1st year for B.L.S.LL.B in law college.
is it possible if i need to lern 'CA' simultaneously. if yes what is the procedure for CA degree course?
Thanks

Dear Sir
I am working in Private company i have one doubt our company take Group personal accident policy for our company employees(From Reliance). This expenses we can claim or not as per Income tax U/S 36(1)(ib).
Kindly advice me
Thanks in advance

I completed my ipcc in last attempt and I was converted from pcc to ipcc and completed articles also...what is the last date for getting final registration? And please specify fee aslo...with articles or without articles I can't understand...what are enclosures for final regd.?

Dear Sir
I am working in private company.Our company take Fire and Burglary policy for our company stocks and Bulding . This expenses allowed as a deduction under income tax am i right???

if contract amount is 100/-,
service tax is 12.36/-,
total amount 112.36/-
then tds amount is