A director wants to lease out his personal property to the employees of the company on rent. Can he do so? Does any provision of law prevents him from charging rent from the employees of the company.?

A private limited company is being liquidated. It is understood that the shareholders would get the proceeds after discharging liabilities to the creditors. Whether the amount which the shareholder gets after liquidation of company chargeable to income tax in his hands as capital gain tax u/s 46 of the I.T.Act 1961? Also if the company was incorporated long back, what would be the rate of capital gain tax?

What is Difference between daily allowance and Conveyance allowance AND Transport alloances and Travelling allowances????
Plz rply ASAP.

Respected Expert
Please reply it, Urgent

whether employee of a company can be an agent to that company? payment made to such an agent is allowable or not?

hello sir/madam
my name is mahesh i want to start a kirana/general stores so what is the percent of tax i should pay after starting the shop

An assessee is resident in India as well as in Australia as per respective countries' financial years. He has stayed in australia for more than 183 days in their financial year july-june. He earned salary in Australia. Tax has been paid and return has been filed in Australia as resident.

As per DTAA he is resident in India on the the basis of rule of his personal and economic relation. However I am confused with the interpretation of Article 15(2) of DTAA where it states that 'income may be taxed in the other state if the employment is exercised.'

Kindly guide me whether his salary is exempt in India.


Thank you

Amruta

I have purchased a residential land 10 years before for 8 lacs.

I have enter into an agreement to sell the above property with someone for Rs.45 lacs and i received advance payment of rs.12 lacs.

The purchase had not paid the remaining amount and I have forfieted the above Rs.12 lacs.

Now will Rs. 4 lacs (12-8) will be taxable to me as capital gain????

1) If i am using Software license can i shown it as "Asset" ?
2)How do i calim depreciation for the License as per IT Act and rate of dep if applicable ?

Hi All,

I have claimed interest on loan taken from few of our relatives for construction of house through bank.

I have submitted the certficates received from them for interest and loan taken signed by the lendor.

My employer is not accepting it and they are not allowing the deductions?

I have gone through sec 24(b) and furnished the certificate as per the Act.

Can employer has the right to overrule the Act? can they disallow by saying it is a company policy matter?

Thanks
Anand