gratuity
This query is : Resolved
03 June 2011
Sir
I amn sanjay. I want your advise on the gratuty recieved by the public undertaking covered under central govt employee for Rs 800000/-out of which 350000/- recieved in the last financial year and the balance in the current financial year. The co has deducted tax at source on the amount of Rs500000/-. Is the point of deduction of tax is right or not? According to my knowledge the limit of excemption is Rs10 Lacs. Kindly advise if i can claim for refund or not.
thanks and regards
sanjay
I amn sanjay. I want your advise on the gratuty recieved by the public undertaking covered under central govt employee for Rs 800000/-out of which 350000/- recieved in the last financial year and the balance in the current financial year. The co has deducted tax at source on the amount of Rs500000/-. Is the point of deduction of tax is right or not? According to my knowledge the limit of excemption is Rs10 Lacs. Kindly advise if i can claim for refund or not.
thanks and regards
sanjay
03 June 2011
THE LIMIT IS TEN LAKH FROM 24-5-2010
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- COP Surrender 2024
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
