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denis   02 February 2010 at 15:31

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

jasvinder   02 February 2010 at 13:16

long term capital gain

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

Anonymous   02 February 2010 at 10:25

share application money

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.

Anonymous   01 February 2010 at 14:15

Tax Liability on sale of flat by female senior citizen

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

Rajesh Kumar jakka   01 February 2010 at 11:10

Regarding sudexho meal coupons

Dear Expert,


Are Sudexho meal coupons taxable under Income Tax Act? if it so, what is the limit per day and per month?


Sumit Singhal   31 January 2010 at 16:16

INCOME TAX MATTER

INCOME TAX JAMMA KIS MONTH MONTH KIYA JATA HI BUSINESS KA OR INDIVIDUAL PERSONAL KA.

Sumit Singhal   31 January 2010 at 16:00

INCOME TAX

WHAT IS INCOME TAX & USE IN BUSINESS,INDIVIDUAL LIFE

Sumit Singhal   31 January 2010 at 14:55

TDS

What is TDS & What is Use TDS in Business.

charudureja   31 January 2010 at 13:57

capital gain calculation

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

sandeep chavan   31 January 2010 at 13:06

Income Tax- TDS

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