(1) Hand Hoe o r K h u r p a (2) Si ckl e (3) Spade (4) Bagur i (5) Han d – w h e e l H o e (6) Hort i c u l t u r a l t o o l s l i k e b u d d i n g , g r a f t i n g k n
1. Bullion, Specie, Platinum and other precious metals.
2. Articles and jewellery made of bullion or specie or any other precious metals and jewelery embedded with precious stones and semi-precious stones”.
Section 246A of Income Tax Act 1961 provides exhaustive list of A.Os orders which are appealable. But in simple terms , one should know that appeal can be filed against
1.intimation u/s 143(1) served on you.
2. Assessment order passed by A.O
3. Penalty orders
4. Any other order passed by
The income tax rate for Individual,Sr.Citizen and Woman for Fy 2009-10 i.e Assessment Year 2010-11
My Husband retired in 2004 and died in 2005. after death, his service book got regularized and I received 8 lacs after deducting 2.2 lacs as income tax at source for his service arrears from 1996 to 2004(retirement).I received 1.5 lacs as life pension,50,000 as gratuity and 8 lacs as pension from 2005 to Feb
I just saw question on FD by NRI in nationalized banks. I have further question- as an NRI can I make investment in FD with indian banks like SBI, ICICIBank through normal banking account or do I have to make FD only through some NRI account only? I guess that by convering my account into
Is Income received from Medical reimbursement of Govt. employee's son suffering from blood cancer is added in total income? In my office One Staff Nurse having son suffering from blood cancer. Her annual income from salary 3,25,000/- for the year 2009-2010. Her Medical reimbursement bill is 7,35,000/- this amount is other than salary income in
Tax Slabs Expanded
New tax labs are as under
Upto 1,60,000 Exempt
Rs 1,60,001 to Rs 5,00,000 10 %
Ra 500001 to Rs 8,00,000 20 %
Over Rs 8,00,000 30%
Therefore , majority of tax payers will get some kind of relief from tax.
Deduction u/s 80D on
I am negotiating with a US based supplier of goods to arrange the order from India. They will pay commission to me based on the confirmed order/payment from the buyer. The commission will be in foreign currency. What is the income tax liability on such commission received from the overseas supplier. Vandana Kumar , Gandhidham