Dear All,

My Company is paying to one employee as a monthly Basic Salary Rs. 20000/- P.M. Medical Allowance Rs. 5000/- P.M. and Local Travel Allowance Rs. 5000/- P.M. from 1-4-08 to 31-3-09.

I have to compute tax liablity for the f. y. 2008-09 for Tax Deduction at Source u/s 192.

Are medical Allowance & LTA fully taxable.

if the Employee submit bills for Rs. 20000/- of Medical expenses and 40000/- of Local Tavel Expenses then how much amount of both allowances will be taxable.

Thanks
Saran

Can someone clarify me that if some goods are purchased which are capital goods as per Excise and it is through Vat invoce Input Tax Credit Can me claimed or not? If Yes, then Why ?

I want the procedure for conversion from additional director to permanent director for private limited company. what documents required to be submitted for the same

whether it is necessary for the newly incorporated public company (NBFC) to get the permission of RBI for getting the certificate of commencement of business

My client in mumbai, is having a branch in delhi who has hired some employees in delhi. the sales representative in dekhi works for the company in a hired car. the branch gives to the employee a fixed rate of 5 rupees per km. then the head office reimburses the branch for the amount spent.

in which head should the exp be accounted for fringe benefit, Conveyance or Travelling?

hi guru,

My client, a partnership firm is having a branch in Dubai with 5 employees (some sent from india and some hired from dubai). the branch in dubai incurs expenses like local conveyance, entertainment, travelling, sales promotion.

do the firm has to pay fringe benefit tax on expenses incurred in dubai.

Hi All

I would like to update myself for amendments in ca final for the 1st group.

kindly update.

thanks

Hi, any one can solve this query:

Registered through Degree for PE-II, passed eligibility tests, in june, 09- 5 attempts is over, but not passed in PE-II (even single paper). Can eligible to PCC or IPCC or back to square i.e. CPT TO ARTICLE TO COMPUTER TRAINING TO PCC:

Help me out.

Thanking you

Dear Friends

i am doing CWA and i am looking for CA. Is itpossible that i can do both at one time