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Priyamvada Shende
In Form 26 QB Correction – Acknowledgement, at the bottom under Note, it reads as under;
1) Please furnish Form 26 QB Acknowledgement to your Jurisdictional Assessing Officer after other PAN(s) Approval.
How to know who the Assessing Officer is? Can I email the signed copy?
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Here is the link to know your AO Code of PAN. https://www1.incometaxindiaefiling.gov.in/e-FilingGS/Services/KnowYourJurisdictionLink.html?lang=eng
T&C applyD
Dheeraj
I am a wine shop owner. And I want to ask that when TDS comes and in which month . How much percentage it comes.
TDS liability depends upon the nature of transaction. If you are liable to deduct TDS then the payment shall be made to the govt. by the 7th of the next month.
T&C applyA
Amit Kumar
Good Evening Sir, I am Amit. I am posted in Jammu and Kashmir Armed Police. In addition to my monthly salary I get 40 Rs. per Month as KMA( Kit Maintainance Allowance), 125 per month Risk Allowance, 8% of my basic salary ( which comes around 3000 Rs per month) as Hardship Allowance and Rs 2500 per month as Ration Money. Earlier, while deducting Income Tax at source DDO exempted all these 4 allowances under section 10(14) from income tax. However, recently we were told told that these allowances are not exempted from tax. May you kindly clearify which of these 04 allowance( KMA, Risk Allowance, Hardship Allowance and Ration Money ) are exempted from income tax and to what extent. It will be of great help to us we you could tell the section of income tax too.
Thank you.
S
Subhasish Banik
Can the book value of an apartment in the firms name increased after depriciating for last 6 years?
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Vinod Kumar
Hi
I'm an employee of Enterprise(Permanent Establishment) in Singapore for FY 2020-21. I came to India around June 2020 and has been in India because of restrictions on International Flight. So I've stayed in India for more than 9 months in FY 2020-21
I've received salary in Singapore Account by Singapore Enterprise and was part of
I wanted to understand if I have any tax liability in India on the Income received in Singapore?
Also I can understand from Article 15(2) of DTAA between India and Singapore(mentioned below), I do not satisfy 2(a)
------ Article 15 of DTAA between India and Singapore -----
2. Notwithstanding the provisions of paragraph 1, remuneration derived by a resident of a Contracting State in respect of an employment exercised in the other Contracting State shall be taxable only in the firstmentioned State if:
a. the recipient is present in the other State for a period or periods not exceeding in the aggregate 183 days in the relevant fiscal year; and
b. the remuneration is paid by, or on behalf of, an employer who is not a resident of the other State; and
c. the remuneration is not borne by a permanent establishment or a fixed base which the employer has in the other State
----
You can book consultation with expert for same at: https://www.taxontips.com/tax-notice-personal-consultation/ and also look into recent circular by CBDT on same matter at: https://www.taxontips.com/relaxation-in-residency-rule-due-to-covid-19-restriction-for-fy-2020-21-form-nr/
Apparently your salary would be taxable in India.
