I want to know the benefits received in Tax paying in U.S will they be received in Tax paying in INDIA under Double Taxation Avoidance Agreement or not pls reply as soon as possible
Answer nowI am an Indian Citizen and presently working as MIS Expert(Consultant) in Asian Development Bank. I am posted in India. I want to know whether my salary is exempted from income tax or not. If yes than under which section and Act.
Answer nowI have a house property, & during the P.Y. I have a LTCG on sales of shares without paying STT i.e. outside stock exchange.Now wether I can avail exemption u/s 54 F by investing the consideration in reconstruction in my existing house or acquiring a new house property.
Wether there is any way other then investing in bonds so that I can avoid tax on sale of shares.
Can anybody mail me copy of SriRenukeswara Rice Mills Vs.ITO (2005)
my mail id is mataniman@yahoo.com.
Regds.
A.O. issued notice u/s. 142(1) on dt. 15/6/2009 to submit IT return for the A.Y. 2006-07. Also requested to submit copy of returns & Form No. 16 from A.Y. 1996-97 to 2008-09. Is it a valid notice. Is it binding for the Assessee to submit the required documents. Plz keep the querry open.
Answer nowIn case of co operative bank if the person is shareholder of the bank then no TDS is deductible on the Fixed Deposits.
However, whether same principal will be applicable if the person is Nominal Shareholder.
My company has provided me Fuel & vehicle management reimbursement , and driver salary as part of my salary.
Is this exempt from tax ? What is the ceiling limit for fuel and driver salary ?
The salary and exemption details are captured in Form 16 ? Is this enough to file tax or do i need to submit any other documents while filing tax ?
In one case, the firm has credited sale of asset to its Profit & Loss A\c. Firm doesn't want return to be revised due to fear of unnecessary scrutiny as the refund payable shall be of substantial amount.
Does revise of return leads to Scrutiny?
Is there any way to rectify the error through current or subsequent returns?
Circular no 9 dated 23.03.1943 gives right to the hirer to claim depreciation so whether expenses for repairs incured by the hirer would be allowed as deduction.And kindly also explain the difference between installment purchase and hire purchase.
Answer nowI AM A LAWYER WORKING AS A RETAINER IN LAW FIRM I AM GETTING A FIXED RETAINERSHIP PER MONTH . I AM GETTING TDS CERTIFICATE AS PROFESSIONAL INCOME UNDER SECTION 194 J SHOULD I TREAT MY INCOME AS SALARY INCOME OR PROFESSIONAL INCOME. WHICH ITR SHOULD I FILE ITR 2 OR ITR 4
Answer now
benefits of DTAA