Applied direct tax
This query is : Resolved
31 July 2011
PLEASE ANSWER WITH IN TWO DAYS OR U CAN MAIL ME AT RASHMI.KALINDI@GMAIL.COM
Compute Gross Salary of Mr. G for the assessment year 2011-12 from the following
details relating to the financial year 2010-11 :
(i) Gross salary ` 1,25,000;
(ii) Medical expenditure for treatment of G directly paid by the employer to a
private practitioner ` 25,001;
(iii) Medical expenditure of Mrs.G directly paid by the employer to a hospital,
approved by the Chief Commissioner of Income Tax ` 50,000
(iv) Reimbursement of medical expenses incurred by G, for his son, not dependent
on him, ` 10,000; son was suffering from a prescribed disease under Rule
11DD and was treated in a hospital approved by the Chief Commissioner;
(v) Expenditure on G’s father, dependent on him, in USA and stay expenses of
G’s father and brother but reimbursed by the employer fully ` 2,50,000;
(vi) However, RBI granted permission for the foreign exchange of ` 2,30,000
(vii) Traveling expenses of G’s father and brother in USA, fully reimbursed by the
employer ` 1,00,000
(viii) Income from other sources `44,999.
Compute Gross Salary of Mr. G for the assessment year 2011-12 from the following
details relating to the financial year 2010-11 :
(i) Gross salary ` 1,25,000;
(ii) Medical expenditure for treatment of G directly paid by the employer to a
private practitioner ` 25,001;
(iii) Medical expenditure of Mrs.G directly paid by the employer to a hospital,
approved by the Chief Commissioner of Income Tax ` 50,000
(iv) Reimbursement of medical expenses incurred by G, for his son, not dependent
on him, ` 10,000; son was suffering from a prescribed disease under Rule
11DD and was treated in a hospital approved by the Chief Commissioner;
(v) Expenditure on G’s father, dependent on him, in USA and stay expenses of
G’s father and brother but reimbursed by the employer fully ` 2,50,000;
(vi) However, RBI granted permission for the foreign exchange of ` 2,30,000
(vii) Traveling expenses of G’s father and brother in USA, fully reimbursed by the
employer ` 1,00,000
(viii) Income from other sources `44,999.
sharma.ctc@gmail.com
(Expert)
04 August 2012
Hiii Rashmi,
Have you got the answer of this question..
If yes, then please forward to me also.
Have you got the answer of this question..
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