Why Is Form 16 Issued For Period March To Faburary?

I am a state government employee serving in Judicial department. Our salary for the month of march will be received during April every year...

How Is The Stock Appreciation Rights Taxed?

I am working for an IT company head quartered in US, which has given me shares as part ESOP . It was granted to...

Can School Fee Treated As Perquisite Be Allowed Deduction U/s 80C ?

I am working in a school & getting 100% rebate on Tuition fee on my 2 children's fee. The amount of rebate is added...

Can One Claim Relief For Tax Paid In A Country With Which India Has...

I worked in Hongkong for the period of 1/4/2007 to 30/6/2007 on Salary basis in a company. I was transferred in India in July...

Which Losses Can Be Adjusted With Salary Income?

There are five heads of income -salary,house property ,business ,capital gains and other sources. Out of these heads, losses may be incurred in any...

What Should You Do In Case Of Receipt Of Salary From Two Employers?

This is a general query from many readers who have received salaries from two or more employers during the year. The I T Act...

Is Fee To Lawyers or CA For Income Tax Case Allowable Expenditure?

I have paid Rs15000/- as legal fee to my Income Tax Lawyer in Jan 08 for representing my Scrutiny case of A/Y 2005-06, Can...

Why Should I Pay Tax On 13 Months’ Salary When I Earned For 12...

I am working in SSSIHMS Prasanthigram.Today I received a notice from our Director asking for my income tax deduction for 13 months from March2007...

What Is Taxation Rule of Contribution to PF?

Employee Contribution to Provident Fund and Employer's Contribution to PF..Are both included in Income while preparing Form-16 and in return as well and deduction...

Is Retrenchment Compensation Awarded by Court Taxable?

Do we need to deduct TDS from retrenchment compensation awarded by the labour court.Prasanta Kumar Sahu Retrenchment compensation is defined as "Profits in Lieu...
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