if i say the house purchased on 2001 for rs 525000 sold on 2008 and before selling invested rs 200000 for repair and maintaince and than sold for rs 12 lac . will i get deduction on rs 200000 is my cost will come 725000 lac
Dear Sir,
The company received share application money in cash from the company employers during the year and company authorised capital was less than receivable application money.so company deside to return back the application money to the employees in the next year.But income tax as giving assesment order for that this a cash credit in the grab of share application and added back to income.so sir we had filled this case in C.I.T appeal for that i need some help form you so that i can perpare the case to fight in C.I.T appeal.
Further sir at the time of assessment all the employees were persent in fromt of officer.
I have purchased a flat in 1989 for a consideration of Rs.2 Lac. i am selling the same house for Rs.20 lacs in Jan 2010. With the indexation what will be my tax liability. I am 80 years old and presently has no income or it is better to give gift to my son
Dear Expert,
Are Sudexho meal coupons taxable under Income Tax Act? if it so, what is the limit per day and per month?
INCOME TAX JAMMA KIS MONTH MONTH KIYA JATA HI BUSINESS KA OR INDIVIDUAL PERSONAL KA.
WHAT IS INCOME TAX & USE IN BUSINESS,INDIVIDUAL LIFE
we 5 brothers have sold our ancestral housee of 10 marla at chandigarh n each got 13.70 as share. now please tell me how to calculate the capital gain amount on 13.70lakh and where can i find it.the house was bought in 1967 and sale completed in jan 2010
thanks
We are exporter and need to pay commission to our overseas agent who is foreigner. Are we liable to deduct the TDS on commission payable to our foreigner agent. If yes at what rate and under what section?
Regds
Tax computation for expat employee
Our One employee expat employee (NRI)
His Remuneration and benefits are as fallows :
Day Rate : US$ 1086.35
Foreign Service Allowance US$ 380.00
Per Diem Allowance US$ 68.75
PF contribution on all above items.
Furnished Accommodation Costing INR 2350/- per day
He will be giving Joinging tickets and reimbursment
can u please advise tax computation for the above