>A company pay gross salary 476411 p.a. and its break-up is as follow u/s 10
conveyance= 8707
medical= 13604
hra(exempted)= 121815


but in form 16 shows
>gross salary u/s 17(1)= 454100 (i.e. after adjusting conv+medical rs 22311).
>and now less exempted hra rs 121815.

is this form 16 is to be revised by employer or not because of presentation of form 16 is not correct.

Dear Sir/Mam
I have file ITR-4 all information is correct like pan,dob,pin, etc.but in address cell i mentioned ASHIK NAGAR, instead of ASHOK NAGAR.
is this type mistakes lead to revised return. or not

sairamadithya831@gmail.com

may i know the journal entry for purchase of air conditioners and fan against cash

DEAR SIR,

I WANT TO KNOW THAT PROVIDENT FUND WITHDRAW INCOME, GROUP INSURANCE INCOME, GRATUITY DIFFERENCE, SIXTH SALARY INCOME IS TAXABLE?

I ALSO WANT TO KNOW THAT IF SOME ABOVE INCOME IS EXEMPTED, THEN UNDER WHICH SECTION I SHOW IN ITR

My Form 16 has interest on Housing loan deducted from my salary income , but in reality I don't have any Interest on housing loan ..... as Company has considered interest loss TDS has deducted based on that.... what if I go according to Form 16 ..... ? IF I don't consider this interest on housing loan I need to pay tax along with interest penalty u/s 234B & C

Please advice?

I have travel agency business. I have following queries

1)If I do tickets booking for any person and if transfers me in foreign currency but I get amount in INR is this amounts to export of service ? Is there is any benefit for such type of transaction ?
2)what is t/over limit for travel agent if he is buying tickets from agents and selling tickets to customers ?
3)Date of filing Service tax return for quarter ended 31/3/2013 ?
4)what is rate of S.T for international & domestic ticket booking which I should charged and collect from customer . is it on basic price or after charging my margin?
4)What is the S.T applicability on cancellation & rescheduling of Tickets. If i get some money out of this cancellation what is the treatment ?


Please somebody guide

Dear Sir/Mam
> as per sec 80tta int on sb is eligible for deduction.
> and int income also eligible set-off with business loss(normal)
>If i have s.b. int 1200 and loss 1500
> then may i get double benefit of int amount i.e. 1st one is sett-off and 2nd one is deduction u 80tta.... please reply??????

A wholly owned subsidiary carrys 10000 RIL shares which was bought 9 months before @ 700/- and now due to some internal arrangement transfer to holding company at same value. Whether there will be any capital gain in case if shares value as on date of transfer is 900/- per shares. At what value this transaction will be taken place for the purpose of income tax act.

Hi,I have incurred loss in F & O trading
and as per Tax rules Section 44AD Tax Audit needs to be carried out no matter the Turnover unless posting a profit of 8% of turnover. In one of the Previous Query response on this site I saw that turnover should be more than 1 crore for mandatory Tax Audit but its not the case as per my understanding. Kindly comment and provide us the section and rules underlying the F & O Tax Audit for correct guidance of all.

Please validate the findings of this blog:-
http://www.zerodha.com/z-connect/blog/view/taxation-simplified