I looked at my pay check and see a point in my paycheck under earnings. It reads employer contribution to insurance plan. The same amount is deducted from me as well. This amount however is not included in my gross income in the usa pay slip. As an Indian resident should this be added to my gross income when I report it in Indian ITR or should I report my gross income only and not add this since it's a benefit rather than an income.
Also, My employer contributes 50% to a group medical,accident, vision, dental plan and I pay 50%, Is that included in my taxable income in India?
Also, Social security and medicare taxes are deducted from my gross income and the employer paid the same amount from their end as well. Is the employer part of the taxes to social security and gross income considered my income in India?
Company is making foreign remittance towards physio therapy treatment of its director to non resident individual. The physio therapy treatment will be given in India. Please let us know the tax implications regarding TDS or withholding tax and whether the perquisits will be taxable in the hands of director.
Please advise
from last 4-5 days income tax site not working properly
- Assesses is Non Resident
- It having Two Fixed Deposit in India, & Interest on same of 3 years (of each Fixed Deposit) Accrued together but not having Bank account in India. Now it want to Redeemed his Fixed Deposit. Full Amt of Fixed Deposit i.e. (Principal plus Interest) Directly credited to Foreign Bank Account from fixed deposit.
- Total Interest Amt is 596035 & Fixed Deposit Maturity Value is 3178706.
- Sender & Receipt both are Non-Resident.
- Whether Form 15CA or 15CB or Both or any Other Form is applicable ?
- Any Provision of TDS is applicable in such case ? If yes, then on which Amt & at which Rate Provision of TDS Applicable.
Whether income in respect of units of investment is a capital gain or business income
Will we charge TDS on ocean freight or not, because the ocean freight invoice we have received has been given by an agent whose Tax Residency Certificate is from UAE
sir, please reply
Is it required to deduct TDS by a company for advertisement expenses paid to ICAI? if yes, under which section.
Hello
Pls help on the following
Do we need to issue Form 16 in the following cases
(1) Salary is below 3 lacs
(2) Salary is below 7 lacs ( no TDS because of Sec 87A)
We as a private limited company provided service rent a car to driver or vendor for drive car on uber ECO as we have Uber Fleet. Also We recognised our Income as Total of Uber Earning And also show driver expenses as (Total of uber Earning - Rental Charges). & thereafter net rental amount recover from driver. If driver taking all cash trip then we recognised driver expenses as (Total of uber Earning - Rental Charges +/- Net of uber earning & cash trip collection).
Uber deduct TDS on Total of Uber Earning u/s 194O.
Here I want to know whether we liable to deduct TDS on driver expenses or any other amount or NOT ??
1st instalment paid for purchase of property was May 24, where no TDS was deducted. However in the 2nd instalment paid in Oct 24 the TDS was deducted @1% on the total purchase consideration. How to show this while filing Form 26QB? Whether interest is to be paid for delay in TDS deposited for 1st instalment?
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Is employer contribution to state insurance plans in USA taxable in India?