CMA Gul S's Expert Profile

Queries Replied : 804

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Ritesh says : ITR 1
I have not claimed the LTA(Leave and Travel Allowance ) i.e 10(5) and Medical treatment i.e 80E section at the time of investment proof.So Both section are mentioned as NIL in Form 16. Can I claim both (LTA(Leave and Travel Allowance ) i.e 10(5) and Medical treatment i.e 80E) at the time of ITR filling. If Yes then there will difference in ITR form and FORM 16 . Will it create any problem or not ? Also Where can I need to submit the proof ?

DHRUMIL says : query
Sir, (a)(i)Ours is a company which is engaging in dealing with foodgrains.As one of our customer is in rajasthan we use to send the goods to him via transport.However the transport expense is incurred by us initally which is latter on reimbursed by the the purchaser.As the freight expense is actually reimbursed we don not use to deduct tds u/s 194C. Is this correct?? (a)(ii)Further the accounting treatment done by us is by debiting the receivable account(purchaser) and crediting cash/bank account. Is this effect correct?? (a)(iii)However our tax consultant is of opinion that we should debit the freight account while actually incurring the expense and create a separate head under p&l account of freight reimbursed which is to be credited when freight is received. (a)(iv)Further as we have not deducted tds on freight, such expense will be disallowed and however the freight reimbursed account(which is being credited when freight is reimbursed)should be added to our income for tax calculation purpose is this effect correct Kindly respond to the above queries and pl. give reference of any case law relating to this if possible...

SUNNY GOYAL says : help me plz
hi... my name is sunny goyal. i am a ca final student. i had initially registered myself under p.e.-2 course and passed PE-2 Group 2 in May 2010 and then transferred into IPCC course because of discontinuance of PE-2 and cleared IPCC unit-9 exam in Nov 2010. my articleship has not been started yet. my question is about appearing in final exam. can i appear in May 2013 if i register for CA Final and Articleship on or before 30th April 2011. there was a notification about appearing in final exam that a student registered initially in p.e.2 course and then converted in to IPCC and then become a final student can appear in final exam after completion of 2 years' articleship or he has been serving last 12 months' articleship. after calculating the time period can i appear in May 2013?? please let me know the answer as soon as possible so that i can join Articleship and register for C.A Final and take coaching classes.....!!! Plzzzzzzzzzzzzz help me as soon as possible. mail me : sunnygoyal265@gmail.com or on 9831420810

CA Bharat Aggarwal says : VAT
Hi Gul I want to know the rate of VAT on sanitary fittings in Haryana. In your post u have written as 12.5 %. Can u please tell how do u know that it is 12.5% ?