om Prakash gupta
This Query has 2 replies

This Query has 2 replies

23 July 2007 at 03:39

withdrawal from NSS taxable or not ?

Whether any withdrawal from NSS ( National Savings scheme) is taxable ?


Sindhu
This Query has 1 replies

This Query has 1 replies

22 July 2007 at 22:06

FOREIGN TAX CREDIT

I would like to know as to how to compute the tax for people who have worked both in India as Well as US? i have referred to the sections 90 & 91.but still not clear as to how exactly to go about to do it practically..
1.how to do when he is a Resident?
2.when he is a R But NOR?
3.when he is a non resident?

Further there are a lot of taxes imposed on the people who have worked in US..like Federal state tax,social secuity tax... etc.. so for which the credit has to be given?


Kishan L. Agarwal
This Query has 1 replies

This Query has 1 replies

21 July 2007 at 04:51

Perquisit of Leased Accomodation

Since perk value has been reduced from 20% to 15%,10% & 7.5% depending on the population of the place- Whether a Company can take perk value of 10% for Ranchi which have less than 25lac population and what would be the
conditions of Lease. In all cases, employee gets a house on lease from
company and full rent is paid by company without any amount from
employee. Whether new perk
value will apply only if employee pays some part of rent or new perk
value can be taken even if full lease rent is paid by company.

If employee has to pay part of rent, is there any way for an individual to
take lower perk value for previous FY 2005-06 and file revised return as company cannot make any deduction now. If this rule is applicable, company can start deducting some token amount
from employees for current year. Your suggestions on same, pls.

I shall appreciate if you could reply as early as returns for FY 2006-07
have to be filed before 31.07.2007.
Thanks & regards


Mihir
This Query has 2 replies

This Query has 2 replies

20 July 2007 at 06:58

fbt on vehicles

For calculation of FBT on Vehicle should insurance on Vehicle be included for A.S. year 2007-08


Mihir
This Query has 1 replies

This Query has 1 replies

for the purpose of calculation of fbt on vehicle expenses should insurance charges on such vehicle be included or not?


js shekhawat
This Query has 2 replies

This Query has 2 replies

1. IN F.Y. 2006-07 MY SALAY INCOME AND INCOMEE FROM INTEREST ON NSC I CAN FILE MY INCOME TAX RETURN IN FORM ITR-1 OR ITR-2.

2. ONE OF MY FREIND HIS SALARY INCOME AND LOSS FROM HOUSE PROPERTY( INTT ON HOUSING LOAN) WHICH FORM HE FILE HIS INCOME TAX RETURN ITR-1 OR ITR 2.


Rashesh Patel
This Query has 1 replies

This Query has 1 replies

20 July 2007 at 06:33

Balance Sheet Format for E-Returns

Dear Friends,

Please provide me new format of Balance Sheet & Profit/Loss A/c for E-Returns

Rashesh Pate


js shekhawat
This Query has 1 replies

This Query has 1 replies

1. IN F.Y. 2006-07 MY SALAY INCOME AND INCOMEE FROM INTEREST ON NSC I CAN FILE MY INCOME TAX RETURN IN FORM ITR-1 OR ITR-2.

2. ONE OF MY FREIND HIS SALARY INCOME AND LOSS FROM HOUSE PROPERTY( INTT ON HOUSING LOAN) WHICH FORM HE FILE HIS INCOME TAX RETURN ITR-1 OR ITR 2.


mint
This Query has 3 replies

This Query has 3 replies

20 July 2007 at 05:01

Salary Brakup

can any budy give me a best salary break that reduce the tax libilities in both side i.e. from the employer and employee


Chakrapani
This Query has 1 replies

This Query has 1 replies

19 July 2007 at 06:05

Individual Tax Query

Scenario:
1)Will get Salary in India and for the same amount will pay tax
2)As we are having Valid Work permit, Even we will pay tax in Poland for certain amount
3)Will get perdiems and perks in abroad

Query:
1)Can we open NRI account
2)If we can open NRI account, can we remit our savings, If yes is there any tax implication
3)Is there any tax implication if the company transfers perdiem from foreign account to our NRI account
4) As we are paying Tax in India and also in Poland, Is there any better way to handle funds with out any hassle.