Ashish Khandelwal
13 August 2010 at 14:29
Convenience allowance u/s 10(14)(i)
Dear Experts,
According to section 10(14)(i), any such special allowance or benefit, not being in the nature of a perquisite within the meaning of clause (2) of section 17, specifically granted to meet expenses wholly, necessarily and exclusively incurred1 in the performance of the duties of an office or employment of profit2, 3[as may be prescribed], to the extent to which such expenses are actually incurred for that purpose ;
I think either convenience allowance should be exempted extent to expenses,or taxable but employees are giving exemption of rs 800/-PM in form 16.
According to rule 2BB(2) only transport allowance has upper cap of 800/- PM.
Please advice, what can I do in this case?
Anonymous
12 August 2010 at 20:22
Mr. ghosh has a land in his name, entered with an agreement with a developer to construct a building, got possession of a flat. upon getting possession of that flat he gifted the said to his wife by a registered document. now Mrs. Ghosh wants to sell the said flat, is capital gain arises upon selling the said flat. pl solve with case laws.
Baskaran Kanakasabai
10 August 2010 at 22:23
Is income derived from export trade taxable in India?
If so, at what rate/s?
KAVITA PARAS VOA
10 August 2010 at 09:44
in excise e return purchase enter as per form 2 or as per stock please indicate correct way of e return method
M H Laskar
10 August 2010 at 00:08
Dear Sir,
One my Client who is a Central Govt. Class-1 Employee from New Delhi working at North East Region from the F.Y. 2008-09, whose Special Duty Allowances for last 2 years were calculated as Taxable Income, which is Non-Taxable as per IT Rules. He has filed his personal Return as per Form No.16. But now he wants to claim the same for last 2 years.
So, kindly suggest me how to claim ? By filing Revised Return OR to claim in FY: 2010-11 ? What is the Rule ? As he will get Refund.
Kindly reply on Urgent Basis, so that I can suggest him in your reference/s.
Thankx & Regards,
M.H. Laskar
Guwahati
Ravi Mishra
09 August 2010 at 22:35
My friend retired in June 2009. At the time of retirement he got gratuty amount upto the ceiling.
Now act has been ammended and ceiling raised to Rs. 10 Lac.
He will now get difference of what actually has been paid and what is actually payable.
Difference amount will be within the ceiling amount (i.e. acual paid + difference will be within Rs. 10 Lac)
Question
Will difference amount will be subject to Income Tax?
Anonymous
09 August 2010 at 19:05
Are recognized political parties paying tax on their funds/income/donations received ?
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HUF
MY HUF WAS CONSISTING OF 5 COPACNER 1-MY SELF2-MY WIFE 3-MY MARRIED DAUGHTER4-MY UNMARRIED DAUGHTER 5-MY SON
MY SON DIED LAST YEAR NOW HIS WIFE WHO IS NON HINDU WHAT IS HER STATUS
WE WANT TO SELL OUR HOUSE WHICH WE GOT FROM OUR FATHER VIA GRAND FATHER
WHAT IS POSTION OF SONS WIFE WHO IS NOT A HINDU WE BELIVE SHE CAN CLAIM HER HUSBAND SHARE ONLY
ANY INFORMATION HOW TO DIVED SALE PROCEED
WILL BE APPRICATED
THANKS
SAHANI