Sir/Madam
Please resolve:
An employee opts for higher reimbursements in his CTC. The Company accordingly calculates and pays Advance FBT o the same. However at the end of the year the employee fails to produce enough bills/supportings to claim the reimbursements. Would the company be required to pay Income Tax on the excess reimbursements ? Or the payment of FBT would suffice? How would it have the effect from Income Tax point of view?
interest free loan - interest rate %
our company given interest free loans to employees
what is the interest rate on interest free loans for computation of salaries under perquisites.
please sir
loan repayment
If one person taken loan for business
Repayment of principle is elgible for deduction under any section
FBT ON MEDICAL EXPENSES
WHAT WILL BE FBT RATE ON MEDICAL EXPENSES TO BE PAID BY COMPANY IS IT 7 %
AND IS LTA APPLICABLE FOR FBT
capital gain U/s 54 on residential house property
Dear sir,
One of my friend has three house property in his name ,he is selling two house property and will have capital gains on it .
My query is that whether two house property will qualify for exemption U/S 54, if he re invest the amount of capital gain in aquiring new residential house property
Tax and rate of Depreciation
I want to know thatIncome from Wind Power Generation machine is eligible for deduction or not from income while computing tax on total income.
Also want to know about rate of depreciation of wind power machine as per Company act and as per IT act.Please note that we are a service provider in oil and exploration field.
F B T on medical allowance & conveyance
our company was given medical allowance to employees upto rs.15000/- medical bills collected from all employees and exemption given in salary computation.
on that 15000/- fbt effected or not?
Rs.9600/- conveyance allowance given to employees on that amount effected fbt or not ?
please clarify sir
IT u/s 89a
Dear Sir,
Kindly brief me about sec 89 for salary arrears.
Thanks
Disallowance U/S 40 A(3)
whether payments made through debit/ credit card are disallowed u/s 40 A(3)?
- TDS DEMAND.
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- REGARDING NATURE OF EXPENDITURE.
- OMR sheet / MCQ booklet no / error
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Tax on reimbursements unclaimed