A cab driver is earning income under S 194C, he also has income from Insurance commission which is his minor head. Now can he avail the benefits of S 44AD? Please advice.

Shashank

Hi,

I newly joined an organization where i was entitled for relocation expenses. I provided all the respective expense bills, But i got the amount reimbursed after deduction of TDS on it.

The company is saying that the expense incurred during Transfer of existing employees is non taxable.
But the criteria is not true for the new employee's relocation. So they have to pay the TAX on the relocation reimbursements.
Please Clarify on my query.

Thanks

rent payments are made by a partnershp firm for a godown of the firm which is jointly owned by 3 partners in the ratio 1:1:1.

rent per month=8000
aggregate rent paid to 1 partner=8000*12
=96000

aggregate rent paid to 3 partnes=8000*12*3
=288000
should tds be deducted u/s 194I???

pls reply

Hello
Sir,
I am CA-IPCC student .I am Registered For IPCC 08.02.2010 & I completed 1St Group Of IPCC In Nov-2011, Till I am Not completed My Group -2 .

Now Please tell me I Re-registered for ipcc to complete G-2 In Nov-2013, Kindly Tell Me the Procedure.

Sir/ Madam

Kindly update me service tax credit. How it works. Is it like excise cenvat taken. Please also update me from where i can read about service rule and terms.

How can we get online information of p.f. a/c

please reply soon

thanks for your reply. but still not satisfied. the letter no which you have mentioned is from which department?
the children fee reimbursement is not an allowance included in the salary, so rs 100/- deduction on this is not possible. the amount of rs 1250/= reimbursement is given in 6th pay commission, so how letter dated 1965 can be applicable for year 2006? this reimbursement is given after the expenditure. so how it can be perquisite. moreover for every perquisite some minimum amount is tax exempted, so is rs 1250 not that minimum amount?
as per perquisite details on net, link provided by you is as:
3.10 Value of benefit resulting from the provision of
free or concessional educational facilities
The value of the benefit to the employee resulting from the
provision of free or concessional educational facilities for any member
of his household is the sum equal to the amount of expenditure
incurred by the employer in that behalf. In the case where the
educational institution is itself maintained or owned by the employer,
or where free educational facilities for such member of employees’
household are allowed in any other educational institution by reason
of his being in employment of that employer, the value of the
perquisite is determined with reference to the cost of such education
in a similar institution in or near the locality (however, in this case
this sub-rule does not apply if the cost of such education or the
value of such benefit per child does not exceed Rs. 1,000 per month).
Where any amount is paid or recovered from the employee on that
account, the value of benefit is reduced by the amount so paid or
recovered.

Dear ALL

Do senior citizens have to remit advance tax on Interest Income earned for the AY 2014-2015?

For the AY 2013-14 as per Section 207 , there was no need to remit advance tax for Resident Individuals not having Income from Business or Profession and who is of the age of 60 yrs of more during anytime of the Previou year....

Is this provision continued in Finance Act 2013 as well or is it dropped?

Sir, I have salary income only on which i paid tds amounting to rs 1388.My saving bank interest is around rs 5000.Is it mandatory to file return or not.

Sir i cleared both groups of ipcc first attempt but i m left vd itt so sir can i register myself for final nw before completing itt n start trying to get articleship in a good company????
Pls sir reply asap