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Nisha Kathuria online
22 March 2023 at 15:25

Interest accrued CC Limit

Dear Sir

Please suggest to me suppose Mr.X has CC limit in HDFC bank. Interest Rs.4420/- for the month of March Dr. in 1st April 2023. So Mr.X has shows liabilities side under 1.Interest accrued and due on borrowings OR 2.Interest accrued but not due on borrowings

Please guide

22 March 2023 at 11:23

How Section 192(1A) calculated

Income under Salary head- 16,33,714.00

Accomodation- 222153
Food Coupan- 34645
Gift Card-5000
Other benefit & amneties- 111722


Is it fair to club the Gross overseas Salary of a person in India WITHOUT considering deductions, expenses or allowances of the foreign jurisdiction?

Amitabh gets a full-time employment offer in Hong Kong via employer letter dated 23 Sep 2016 but due to delays in official procedures in his employer's office, he departs from India on 9 Nov 2016, thus staying in India for more than 182 days

His Gross Income in Hong Kong from Nov 2016 to Mar 2017 is approx Rs 45 lacs. However, after deductions and allowances in Hong Kong, the taxable income is Only Rs 5000 approximately.
The tax on gross income of Rs 45 lacs in India will be approx Rs 15 lacs much more than his net or taxable income. Hence it seems that the law is outdated to include only Gross income for clubbing purposes of staying in India by few days.

Is there any provision which allows exemption to Amitabh to not report this gross income in full or part?
Was it mandatory to disclose overseas bank account in 2016-17?

21 March 2023 at 17:55

TDS on Interest on capital in LLP

Is TDS applicable on interest on capital to partners in LLP? I feel it's not applicable in partnership firm but can someone confirm about LLP?

Nishant Gandhi
21 March 2023 at 17:28

Dividend Income Taxable or not

Respected Experts

Kindly let me know Dividend income is taxable or not ?
I got dividend Rs. 56,500/- from different company. I have to pay tax on the same ?

Hukam Chand

Dear Sir,
i want to ask you can any Accountant making the document of Board resolution & Board Meeting & AGM & EGM documents by independtly for pvt ltd company and public limited company? does accountant required should any aprroval certification services from CA or CS or CMA ?
Please elaborate which types of document done by the accountant independly during the working in pvt ltd company?


Dear Expert,

I just want to file income tax for the financial year 2020-2021, taxable income is less than 5 lakh rupees, so how can file income tax return, will I have to file through json only or can file online also.

Anju Varghese

Partnership firm acquire loan from bank for construction of building . Partners of the firm getting rental income from the building and the same is paid to bank as EMI for the loan borrowed by the firm.My question is whether a partner can claim interest under section 24 b when he get rental income from building

Manish Barot

Depreciation rate for Manual Hand Pallet Truck

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Salaries person Income tax slab rate for FY 2023-24.
Please provide.

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