Income Tax queries [13999]

All Resolved Open

Ajay

19 September 2007 at 17:40

Fringe Benefit Tax

What are the facility on which FBT should be charged & what is the rate of FBT

Nitesh Jain

19 September 2007 at 16:28

ITR form for RRB's

Dear Sir,

Which ITR form I have to fill in case of Regional Rural Banks? Please guide me.

Thanks,

Nitesh

aparna

19 September 2007 at 12:17

if an assesse fails to declare its investment before filing returns to its employee, no what he hold he do?
as we know that while filing new ITR form no document are attached to it, if he declare it in ITR then what is the proof that he has invested that much of amount

Sara.........

19 September 2007 at 10:28

Cost of Software - Capital or Revenue

For a credit card manufacturing company, can the cost of acquired software be claimed as Reveneue Expenditure?

lenin

19 September 2007 at 10:28

IS FBT APPLICABLE ON VEHICLE HIRE CHARGES

Is FBT applicable on vehicle hiring charges of a consern & under what section is it applicable

Mukesh Nigam

19 September 2007 at 08:15

Income Tax treatment for the foreign exchange earned as per diem

I am usually sent abroad by my company and I am paid per diem by the company, this is in addition to the salary which I get in Indian rupees and on the salary the company does TDS.

Sometimes the perdiem is paid in India in cash ( in foreign exchange) and sometimes it's paid abroad in cash. I save from this per diem allowance and which i take back to India and get it credited to my account.

Do I need to pay tax on this amount or there is any provision thru which I can save. I am in the highest tax bracket.

Nil

18 September 2007 at 16:48

ECB convesion

What are the income tax implecation while converting ECBs into equity shares?

Anand Solanki

18 September 2007 at 16:44

FBT on travelling for deputed staff

Hello,

The company (A Ltd.) has only two staff on deputation from other group company (B Ltd.). There are no other staff in A Ltd. B Ltd. raises a debit note on A Ltd. for travelling expenses, staff welfare expenses incurred by staff on deputation while on duty. Whether FBT is to be paid by A Ltd. or B Ltd.?

Dhaval Sata

18 September 2007 at 14:45

Fringe Benefit Tax

If the executives of the company are provided re-imbursements of following as part of their salary:
1)Sales promotion expenses.
2)Books and Periodicals.
3)Conveyance.
4)Telephone.
5)Petrol Expenses.
6)Medical Expenses.
So in such cases fringe benefits would be valued at 100% or 20%?
Also give me reference to the section?

Will it covered under Sec115B(1) or under Sec115B(2)i.e as Deemed Fringe Benefits.

Please solve my query urgently.

Thank You.