Taxability
This query is : Resolved
09 June 2018
I have an agreement with my company for service of 3 years and my company has deducted 1 month salary in 6 EMI towards refundable security deposit for service agreement.
Now my query is shall I include the security deposit amount deducted by the company in Income tax computation or can I exclude it from my total income.
note: the company has included this SD in TDS computation.
Now my query is shall I include the security deposit amount deducted by the company in Income tax computation or can I exclude it from my total income.
note: the company has included this SD in TDS computation.
09 June 2018
To offer gross salary(12 months) in tax computation ,since SD is only an application of income earned.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS applicability in case of software payments to a foreign company
- Reverse charge on commercial property
- Registration of Articleship
- Procedure to surrender export incentive
- Residential Status of Assessee
- 26Q TDS UTILITY IN NSDL TIN LATEST UTILITY DOWNLOAD LINK
- Clarification on Cost of Acquisition and Capital Gains Tax Treatment for Tata Chemicals
- Slight spelling change in PAN Surname
- Audit report for a private limted company ( small company) FY 2024-25
- Income Tax Slab Rate and 87A Rebate
- Writing on the bill while release payment
- PAN ALLOTEMENT
- SHIFTING FROM REGULAR TO COMPOSITION
- The primary benefits of using professional proofreading services in UK.
- TDS ON OTA Commission
- GST INVOICE RAISED BY THE FRADULENT COMPANY WITHOUT THE KNOWLEDGE OF THE OTHER PARTY
- First Auditor was not appointed till 9 months
- Filing of forms on MCA portal for allotment of shares for a new company
- RCM Reconciliation Excel Sheets Format
- Goodwill realeted
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
