Dear Sir,
I just want to clear on rebate u/s 87A of the Income Tax act that is inserted in new budget and applicable from assessment year 2014-15.
1. Whether as an employer, I am to consider the rebate of Rs. 2000 before deducting the TDS?
2. Whether can i get a refund of this rebate?
3. If an employer deduct whole TDS (without considering rebate u/s 87A) and employee doesnot have further tax liability and then the employee claim rebate in his individual tax return; will it be refunded to him?
4. The rebate is on total income after all kind of deduction or into total tax liability after all the deduction?
Plese clarify this matter as early as possibel. I am having a vast confusion on this?
Thanks
Hi
A person (Marine Engineer) left India on a ship for internship an year ago and sailing near Australian seas. He is getting stipend from Australia for which tax is being paid there only. What are the conditions to check his residential status in India? This person left for internship and no other income is there for him in India. What is his status in India and what are the chances for taxable income in India? Are there any exemptions to him in case of taxable income in India?
As we all know that minimum leave prescribed by ICAI for preparation of CA Final is 3 months(strictly). There are some firms that strictly stick to these rules and do not allow leave more than 3 months. Please tell me whether the prescribed leave is sufficient for taking care of both groups. And if not how should it be convinced to the employer if one is not able to attend classes & focus on studies during the articleship period.
Please suggest me reference books for ca final for self study purpose since dont have sufficient time to get respective classes Thanx
In which section permits to pay the customs duty under protest.
Whether Penalty under Section 271(1)(c) of the Act can be lmposed and payable on the representative assessee considering the provisions of section 161 of the Act which speaks about the Tax only. As per section 2(24) of the Act, Tax does not includes the Penalty. However, Tax includes the interest whic may be charged under section 234.
Please advise with Case Laws. Matter is urgent.
LAKSHMISH KANT
ishassociates@gmail.com
9268829820
what will be the treatment of prior period income under income tax act??? plz also refer section and link if available. .....
Hello sir i have a PVT ltd co.which was incorporated at 2013 but no work from this co and i am not filed any income tax.what should i do?
hi i am student of ca final. can any body give the advice to me how i do the self study of final examination. my attemp in nov. 2014. and now i am focus only first group for nov. attemp.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Books to follow