Facts of the case: Residential status: On a worksheet submitted by the assessee along with Form-16, the assessee claimed that he comes under the NOR (Not Ordinarily Resident) category for the assessment year 2010-11 based on particulars of the days, [Read More]
Facts of the case: The assessee in a development office of LIC. The issue that arises here is – whether the incentive bonus received by DO-LIC is a salary income. If so, whether amount so received by him is entitled [Read More]
Computation of salary income of a Czech national employed with Skoda Auto AS, a company incorporated in Czechoslovakia and is currently under deputation to Skoda Auto India (P.) Ltd: Income tax return filed on : 31-7-2006, Basic Salary: Bonus: Total [Read More]
Download TDS Rate Chart FY 2020-2021 (AY 2021-2022)
Computation of salary income of a Czech national employed with Skoda Auto AS, a company incorporated in Czechoslovakia and is currently under deputation to Skoda Auto India (P.) Ltd: Income tax return filed on : 31-7-2006, Basic Salary: Rs. 47,31,650 [Read More]
The Bihar Minimum wages have been revised from 1st Apr 2021 to 30th Sep-2021 Notification:- The-bihar-minimum-wage-notification-1st-april-2021 SOURCES: PRAKASH CONSULTANCY SERVICES
Due dates for the Month of April 2021 10th GST – Return for authorities deducting tax at source – GSTR 7 for February – Details of supplies effected through e-commerce operator and the amount of tax collected – GSTR 8 [Read More]
Total rental income Standard Deduction @ 30% Interest on borrowed capital Rs 9,00,000/- Rs 2,70,000/- Rs 21,62,120/- Loss under the head House Property Rs 15,32,120/- Details of rent income and issue involved: The above rent was, on the basis [Read More]
The assessee is in the business of film distribution in the name of M/s Sukrit Pictures. The assessee has paid an amount of Rs.2 crores as Minimum Guarantee Royalty (MGR) and has not deducted TDS. The Assessing Officer held that [Read More]
The Government of Madhya Pradesh has issued the Draft (Madhya) Social Security Code Rules, 2006 in the suppression of the following Rules: • Madhya Pradesh Employees Insurance Court Rules, 1963. • Madhya Pradesh Employees State Insurance (Medical Benefits Services System) [Read More]