Urgent queries

Hey Friends,

 

I had the following tax queries. Will be grateful if could get some help here.

1. When is STCG taxed at 30% -  Examples ?

2. What are the tax implications of Sec. 192 (1A) - (Payment on Non monetary perks to employees) ?

3. How is PF taxed - in hands of Employer and Employee ?

4. What is the implication of Rule 37BA ?

5. When can payment to a Non resident made without TDS ?

6. Difference between section 43 (1) and 43 (6) ?

 

Thanks in Advance :)

 

Replies (4)

1.STCG u/s111A - taxed @ 15%

STCG not covered u/s 111A - taxed at normal rates 

Meaning of STCG u/s 111A - STCG arises on transfer of equity shares or units of equity oriented fund which is chargeable to securities transaction tax

Tax treatment in the hands of employee:Tax paid by the employer on non monetary perquisites given to employee is not taxable in the hands of employee (sec.10(10cc)) Tax treatment in the hands of employer:Tax paid by the employer on perquisites is not allowed as business expenses (sec.40a(v))
Thank u very much for ur reply...wat is the reason tat tax paid on perks by employer is disallowed ?

Hoping to get some replies here

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