Income Tax QnA [Resolved]

All Resolved Open

CA Anil Jain

This Query has 2 replies

19 December 2007 at 11:35

Education Facility u/r 3(5)

Free educational facility provided to the employee children --if iin a pvt. school bills are reimbursed by employer up to rs .1000/-month whether exempted perquisite?

and employer has top pay FBT.??on staff welfare.

CA Anil Jain

This Query has 7 replies

19 December 2007 at 10:39

Medical Reimbursement

Medical Reimbursement is exempted up to 15000/- to the salaried employee.But if he worked for 9 months in a F/Y whether whole amt of 15000 will be exempted or 11250???

CA Anil Jain

This Query has 2 replies

19 December 2007 at 10:34

Professional TAx u/s16(iii)

What is meant by Professional Tax?
Whethrt it is same as TDS u/s 194J?

CA Anil Jain

This Query has 3 replies

19 December 2007 at 10:33

Dearness Allowances

What is meant by DA (IF) Forming the part of retirement benefit.

shruti

This Query has 3 replies

19 December 2007 at 10:14

2nd Query! Income tax

this profit of 20-25 lc is the gross profit w/o taking into consideration any expenses.

pl adv if tax liability changes.

wat is MAT ?

shruti

This Query has 1 replies

19 December 2007 at 10:12

2nd Query! Tds on Ocn Frt and Stax

but xyz is forwarder. it only add profit margin on the ocean freight gvn by the s/line and quotes the same to the shpr.
how's it can be termed as a service ? plsss explain.
also he doesnt get any sort of commission from the shipping line. neither he provides any kind of service to anybdy.

pl adv.

sangeeta agarwal lhila

This Query has 5 replies

19 December 2007 at 10:10

bonus shares

what is the cost of aquisition of bonus shares

pankaj

This Query has 6 replies

19 December 2007 at 09:26

TDS on reimbursement to C & F Agent

At present we are deducting TDS on the total Bill of our C&F Agent - though some part of the Bill is for re-imbursement and further part is for commission.
Could we exclude TDS from the re-imbursement portion?

shruti

This Query has 3 replies

19 December 2007 at 08:53

Inc Tax slab

pl adv the income tax slab.

shruti

This Query has 4 replies

19 December 2007 at 08:43

Income tax

how much tax do abc has to pay if profit is btwn 20-25 lac. also note -
1) shpr has already deducted tds of rs. 1.50/2.0 lac while making payment to xyz
2) advance tax paid is 75000/-
3) expenses wl be around 4-10 lac.

so do they hv to pay any more tax?

pl adv.