Is Salary or Pension Received By Employees Of United Nations Tax Free?

Yes is the emphatice answer .The provision given under the United Nations (Privileges And Immunities) Act, 1947 shall override all other laws passed in India , is given in section 2 which is as under :
2. Conferment on United Nations and its representatives and officersand certain privileges and immunities.(1) Notwithstanding anything to the [...]

Is Transfer Of Loan or Deposit By Book Entreis Liable To Penalty U/s 269SS or 269T?

There is a private company. It has taken loan from a party exceeding RS 20,000. Now party wants to transfer this money to someone’s name. Can private company do that? Will that book transfer fall under mischief of any section of the I T Act. Ritha Bang

In my opinion , there will not be any [...]

Can You Get Exemption U/s 54F Even If Builder Does Not Complete House Within Three Years?

We have sold a old land long term asset and invested for the purchase and construction of a flat in a apartment in Bangalore, with the one year of sold of asset and claimed deduction u/s 54 f of income tax act, but later the builder is not completed the possession of the apartment within [...]

Will The Payment Made For Sharing Space Be Liable To TDS?

A, B, & C are three companies. A has given entire Building on a rental basis to B. B is paying entire rent amount to A. This Building is shared by B & C collectively, for which B is raising Debit note on C, on a monthly basis. Now my question is whether C is [...]

Is Disability Due To Knee Replacement Eligible For Deduction?

My father has undergone a Knee replacement operation due to which he has partial mobility in his left leg.A Physiotherapist has been employed to increase his mobility. I have a certificate from the doctor who operated upon him. Will this qualify as a disability under Section 80DD? Priya ,PuneSection 80DD does not provide for deduction [...]

Can You Claim Interest Deduction Without Completion Of House?

I have purchased a house. At the time of purchase I had taken a loan of Rsx. I paid the full amount to the builder. The possesion of the property has not been given yet. My question is can I claim income tax benifits on the same.I mean interest on the home lean and principal [...]

No TDS On Service Tax Included in Gross Rent U/s 194I!

A long awaiting clarification regarding the deduction of tax at source on the service tax component included in gross value of rent has come out in form of circular from CBDT vide CIRCULAR NO. 4/2008, DATED 28-4-2008 which is given below for readers

Representations/letters have been received in the Board seeking clarification as to whether TDS [...]

How To Get Registartion U/s 80G ?

We have recently (April 08) formed NGO (Voluntary Consumer Organisation) and got registered with Sub Registrar VI A Delhi.Now we want to get it registered with Income Tax for 80 G exemption. What are the formalities and what is time period taken for giving permission? S. P Manchanda, New DelhiThe procedure of getting approval under [...]

What Are The Types Of Pension Exempt From Tax?

Whether pension received by gallantry award holder is taxable as per Income Tax Act. Somya Krishnan ,KochiYes, pension received by gallantry award holder is tax free , but the types of award is also notified. Section 10(18) of the I T Act provides exemption for such gallantry award winner and even to the family pension [...]

How To File Return If Employer Does Not Issue TDS Certificate?

I had resigned from my company in Feb-2008 on a short notice.They did not receive my resignation and so I put it through e-mail for record.Now they are not issuing me Form-16 for filling returns from April 2007 to Feb 2008.Please help me out how to file returns in such case without [...]

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