Fellowship /Scholarship Is Exempt From Tax!

I completed a training fellowship in Singapore in 2006-2007. The total duration of the fellowship from May2006 –November 2006 was 186 days. I had...

When Is Salary Earned in UAE Become Taxable in India?

DEEPAK_DELHI_007@....COM AskedI m working in Dubai since september 2006 till today in a bank. (4 months). However i have the appointment letter of an...
HRA_Exemption

HRA Exemption is allowed only on One house.

The question regarding claim of House Rent Allowance exemption under Income tax law is very common.Many time , an employee has to take two...

Agriculture Land Sale IS Tax Free! But Check if it is really Agriculture Land.

We had ancestral agriculture land in Raigad Dist. It is 22 kms from any urban center ,.Pl advise us if we are exempted from...

Receipt of Gift from NRI Son should be Shown in Return.

My son in USA sends me post dated chqs for US$ 500 which I deposit in my bank a/c every month which is collected...

No Benefit after 31/3/2007 . Hurry!

Whether a company can claim deduction under Section 35 for Expenditure on scientific research, if the company in consultation with its team of engineers...

Great News! Bonds Are Here Again for Saving Capital Gain Tax.

There was great difficulties for people who had capital gains in their hand and who wanted to save tax u/s 54EC by investment in...

Unspent Daily Allowance is Not Taxable .

From chiranjivsodhi@yahoo.comI seek your expert comment on the following situation.A person is employed in India by an Indian Company. Company sent him for foreign...

When GIFTS are Exempt from income tax ?

Readers are advised ti read Gifts from these 44 Relatives are tax free ! as this is much updated posting. Gift of any amount received after...

Gift fearlessly to your relatives

Someone Asked on this BlogWould there will be any impact of Income tax if a father, mother, brother EACH gives Rs 100000/- to the...
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