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income tax exemptions

Excellent commerce point > income tax exemptions
Income From House Property​
09
Oct

Income From House Property Question 1.Write short note on Difference between unrealized rent and arrears of rent, realised in a subsequent year. (Dec 2021,3 marks)Answer:Difference between Subsequent collection of unrealized rent and arrears of rent Unrealized Rent Arrears of rent Rent which could not be realized from the tenant, if subsequently from the tenant, realized, […]

Posted in: CMA updates ,
Tags: House Property Income Tax , House Property Tax Calculation , Income from House Property , Income from Property Tax Tips. , Income from Real Estate , income tax exemptions , Property Taxation Guide , Rental Income Tax , Tax Deductions , Tax on Rental Income ,
Income Under Head Salaries ​
09
Oct

Income Under Head Salaries Question 1.What are the conditions to be fulfilled by an employee to get his accommodation in a hotel that will not be a taxable perquisite? (June 2013, 2 marks)Answer:Accommodation provided in a hotel will not be a taxable perquisite if the following two conditions are fulfilled. The period of such accommodation […]

Posted in: CMA updates ,
Tags: income tax calculations , income tax exemptions , income under head salaries explanation , Income under salaries , salary components , Salary Deductions , salary income breakdown , salary income tax , salary taxation , tax implications of salaries ,