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Is Income Of Foeigne Cricket Players Taxable Or Not?If Yes Under Which Section Of Income Tax Act 1961?
Question by raj | Posted in Cricket
is income earned in india by forigen players in BCCI's IPL cricket matches is taxable in india ?If yes qout department number under Income Tax Act 1961.
Answer: Not in India. But, in their corresponding country YES as per their taxation rules.
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Why Depreciation Differs In Companies Act 1956 With That Of Income Tax Act 1961.?
Question by ivar | Posted in India
and why companies make ready Depreciation Statement both as per companies act and income tax act. what is the need as such?
Answer: sweetie
the very basic purpose is that by giving higher benefit in income tax the GOvt want you to instal more in capital infrastructure to save tax and by this way they want to build a chain of capital investment. there in nothing other moto in this.
Is All Winnings From Contests Are Subject To Tax Deduction At Source Under Section 194B Of Income Tax Act-1961?
Question by Champ | Posted in India
My Question is: what are responsibiltes of Organizer/Mistress of ceremonies of such event. or is it all responsibilty of winner contestant to pay tax . What if contestant is student above 18 .
Answer: It is the responsibilty of the Organizer/Assembly of such event to deduct tax at source u/s 194B if the amount of winnings cross Rs. 5,000.
And where the winning is in manner the person responsible for paying shall, before releasing the winnings, ensure that tax has been paid in regard of the
HRA-Slice 10(13A) of the Income Tax Act. Full Transcript-vivekananddisciple. blogspot.com
Income-tax Act, 1961 (Section 132) Search and Seizure- Search of ...
by Knowledge Partner
S.R. BATLIBOI AND CO. V. Bailiwick OF INCOME-TAX (Search) (2009) 315 ITR 137 (DEL) VIKRAMAJIT SEN & RAJIV SHAKDHER JJ (Unhesitating ON 27-5-2009)
Income-tax Act, 1961- section 132- search and convulsion- search of premises of a patron of an auditor- possession of laptop computers association to auditor- auditor enthusiastic to co-direct with dominion to plan for materials relating to actually searched- whether Takings is entitled to coveted unrestricted access to come into possession of electronic records turn in laptops pertaining to third parties unconnected with child searched- held, no
