could u tell me plz that what is the maximum amount as a transport allowance, which i can give to the employees in a private company?

(4000*25/100= 1000 or 800 whichever is lower)
what will be the payment in the above case,if the employee salary does not comes under tax liability.

Can a private unlisted company have an ESOP?

Mr. G of Gujarat selling goods to Mr. M of Mumbai. However, goods is transported directly to Mr. D of Delhi on instruction of Mr.M.

What are the document Mr. G has to send to Mr. D of Delhi along with goods and also what are document should be given to transporter as Mr. G raises the bill in the name of Mr. M of Mumbai

Hello,
I am Neetu, My Salary is Rs. 18000pm (Gross), for the A.Y-2009-10, My SAlary break up is:
BASIC 7,500.00
HRA 4,500.00
Conveyance 2,100.00
EDU. Allow 2,100.00
Dress Allo 1,800.00

Is TDS is applicable on me.
Please reply.
Thanx in Advance.

Neetu

Hello,
I am Neetu, My Salary is Rs. 18000pm (Gross), for the A.Y-2009-10, My SAlary break up is:
BASIC 7,500.00
HRA 4,500.00
Conveyance 2,100.00
EDU. Allow 2,100.00
Dress Allo 1,800.00

Is TDS is applicable on me.
Please reply.
Thanx in Advance.

Neetu

please provide me house rent allowance calculation

What policies and procedures can be laid down relating to independence of the auditor, if the same is to be documented.

An educational school registered as society received fees Of Rs 15 Lacs during the FY 2008-09.
It has surplus of Rs 1.20 lacs after accounting of expenses(i.e Fees-Expenses)

Above mentioned society wants to take tax benefit u/s 10(23C)(iiiab) .
1.As its income is less than Rs 1.50(below Exemption Limit) even then it requires to get its accounts audited and file IT Return ?

2.Whether audit depends upon the receipts of fees ?
Please give views.

A Director of XYZ Ltd. went on Foreign Tour for business Purpose and following expenses were incurred on that tour.

Hotel Stay Charges (on 21.05.08) USD 2000
Telephone Exp. (on 22.05.08) USD 50
Taxi Hire Charges (---D0---) USD 150
Shopping Bill (---DO---) USD 750
Amusement Park Bill(on 23.05.08) USD 250

Total USD 3200

a) What Accounting entry will be passed for the above expenses?

b) What exchange rate will be used for translation of USD 3200 into INR?

c) Whether Shopping Bill and Amusement Park Bill will be allowed as expenses to XYZ Ltd. or not?

d) Whether expenses mentioned in (c) above are Director's personal expenses?
If yes then which expense head will be debited for those expenses.

Dear All,
we r service providing co. & one of our client is having guest houses all over india. we provides house keeping services as well as catering.In case of catering we used to purchase groceries,vegetables,beverages & made the complete food and the same served to guest.

and whatever the expenses we incurred that we have to reimburse it from the client.

so,want to confirm that service tax is applicable on that purchase of groceries,vegetables & other raw materials?
or vat is applicable?