a person who is a salaried employee, gets HRA. He stays in a leased house for which he has paid a lumpsum amount at the beginning of the stay in that house which will be refundable at the end of the stipulated period. Can he claim HRA exemption U/S 10(13A) of the Income Tax Act 1961
Hello Sir,
Please advice me about the following query.
In a bill for service charges the party charges service tax. We have to deduct tds against that bill. So whether the tds is to be deducted on the amount of service charge only or on the amount of bill inclusive of service tax.
Thank you
Manoj Bubna
A company has 2 directors. One director is NR. He is a director of foreign company in which the indian company has equity partnership. The NR director is responsible for realisation of exports. He is paid remuneration in Indian Rupee.IS TDS applicable. The salary is not for any work in India and his stay is hardly 30 days in a year in India
New 1% Cess became effective for Income Tax from 1st Apr-07 before the Finance Bill 2007 getting assent of President.
However for Service Tax the same become effective after assent of President.
Why is So?
For the purpose of calculating Book Profits u/s 115 JB will the amount transferred from the Securities Premium Account to the profit and loss account be added back to the Net Profit?
Regards
N.Muralidharan Menon
Hello sir
is the divindend received from mutual fund units is taxable in the hands of NRI,if yes,is it advisable to invest in the name of spouse of the NRI(by treating the amt. received from NRI as gift) or is there any better option available
Whether it is necessery to keep hard copy of the books of account as per IT act. If yes then what is the objective to insert section 2(12A) in the act
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HRA Exemption