Do we need to keep bills for LTA provided by company.How many years a employee can claim it continously.What is the limit for the amount.

Thanks

If an individual is subjected to Tax Audit the previous year...Is it a case of Tax Audit this year inspite of his Turnover being less than 40 lakhs ?

HI.. I AM GOING THROUGH ARTICLE SHIP,,, WHICH TEND TO BE COMPLETE BY THE END OF JANURARY 2009, AND SO FAR I HAVE TAKEN ONLY 5 LEAVE.. I WANT TO KNOW THE PROVISION RELATING TO LEAVE.....AS I KNOW THE TRAINEE ENTITELED 1/7 DAYS OF LEAVE FOR THE PERIOD HE ACTUALLY SERVES AND FURTHER 3 MONTHS PROVISION FOR LEAVE FOR EXAMINATION...SO AS THAT, SHOULD I CLAIM FOR 1/7 DAYS OF MY SERVING PLUS 3 MONTHS LESS LEAVE DURING THE PERIOD.... PLZ SUGGEST ME..

Tax payable by employee was born by the company. This was considered as perks. My Question is the tax related to the fy 08-09 paid in the fy 09-10. Then in whcih fy such tax should be treated as perks.

How to calculate deffered tax liability ?
How many methods ?

One of my client provide two type of service in two name Placement service and Loan Consultancy service. He has service tax no. and already file service tax return of placement service provided by him ( Rs. 50000 service provided ) now he already provided Loan consultancy service around Rs. 180000 is he Liable to pay service tax on 180000 loan consultancy service

Whether Expenses incurred by way of filling Petrol on Scooter owned by the Company, that are used by its Employees for Official Purpose, are liable for FBT as 'CONVEYANCE EXPENSES'.

Income from commission as a insurance agent (eg Bajaj alliance) in which head of income taxable?

I have a query regarding Ceiling on the Number of Audits..
i know the limit is 20 (excluding pvt ltd companies etc) for a partner but in my firm the partner easily signs more than 20 audits.. the ICAI also has an announcement saying company audits will be max 30... but here too my partner signs more than 30...
also can someone explain that if there are 5 partners in my firm the max number of audits would be 100 but is it restricted to 20 per person?

Hi all,

Where we have to disclose the actuarial losses or gains... as per Acocuinting standard AS 15