SUBRAMANIAN

If I am an employed person do I get any Tax Breaks on any one or more of the following

1. Driver's salary
2.Fuel, Maintenance Expenses
3.Interest on Car Loan Instalments
4. Insurance Cost on car

This is a car which I bought on my Personal name

P N Subramanian


VIDYA BHOSALE
30 July 2013 at 02:11

Public trust

A public trust has received donations with specific directions i.e to purchase gym equipments.Donations received are credited to a seperate a/c,i.e eqpmnt fund u/h other earmarked funds.The said amount is also utilised for the purchase of gym eqpmnts. I just want to confirm whether the income arising from this invstmnt,i.e,gym fees will be credited to the fund or it will be shown as income in the income & expenditure a/c.


Puneeth.H
30 July 2013 at 01:23

Study material

Dear ALL

Can Anyone suggest me a good Study material for CA Final ISCA paper.I have not attended any teacher's class for the said paper...

My Requirement is the study material shd be in a simplified manner, to study and grasp the concepts.


Puneeth.H
30 July 2013 at 01:19

Registration of vat

Can a trader register his business under Karnataka VAT, even if his turnover is less than the mandatory limit of Rs 5 lakhs, for VAT registration?
Reason for wanting to Register under VAT: The trader wants to register under VAT for the better prospects of his business, as reputed Biz entities and Govt Organisations usually do not have any transactions with traders , who are not registered under VAT ( Unregistered dealers ) as they would not get Input credit for the purchases made from these, unregistered Dealers..

Read more at: https://www.caclubindia.com/forum/karnataka-vat-registration-257303.asp



Anonymous
30 July 2013 at 01:19

Deduction u/s 80gg

hello, i get my salary as per the provisions of sec 17(1)and i want to claim deduction for rent paid under sec 80gg..
as sec 17(1) does not include HRA.
can i claim the same?
and if yes, is it mandatory to have form 10BA?

pls suggest...



Anonymous
30 July 2013 at 00:57

Form 16 download

while we download from 16 in trace it says "Download request cannot be submitted as statement(s) has/have not been processed for selected Financial Year"

but we filed etds on 10th of july all quarters but still it says above words.
but 1st & 2nd quarters details found in form 26as in there respective employees we did not see any thing relating 3rd and 4th quarters.

what do now ?

thanks in advance............


Ashif.ck
30 July 2013 at 00:43

Interest u/s 234c

i offered income under head capital gain as follows
long term capital gain:up to 15/9, Rs, 387259,during 16/9 to 15/12, Rs,542657. 16/12 to 15/3 .Rs,(31379)
Short term Capital gain: up to 15/9.Rs,(84906). during 16/9 to 15/12.Rs,86244. during 16/12 to 15/3.Rs.433231, during 16/3 to 31/3 . Rs,(11754)
(bracket means loss)
I entered the details in itr and press calculate tax it calculated an interest of 949 u/s 234c . but i coudn't understand how it happened, can any one help me by showing the calculation of 234c with above details..



Anonymous
30 July 2013 at 00:36

Ipcc exam

Sir, I registered as a student of PE-2 seven years back after passing my graduation. Now institute has come out with direct entry scheme for graduates to join articleship, But can i join my articles after passing IPCC exam group-1 even now like earlier rule, not joining under direct entry scheme because i feel the weightage for articles in Audit firms will be more effective if we pass IPCC and then join, Can anyone suggest me and advice me regarding this whether it is possible to like that or not.


MUKESH KUMAR CHOUDHARY
30 July 2013 at 00:36

Notice

Notice demanding rs 20000 for late filing of service tax return. Is there any way by which penalty can be waived. Any circural


Gaurav

What is the rate at which depreciation is to be charged in the books of the proprietorship firm??

Can a proprietorship firm charge depreciation at the rates as per Companies Act. If yes, any effect to given in Tax Audit Report or Notes to Accounts??






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