The basis of valuation under income tax is the fair market value of the asset
PRIVATE SECTOR OF OTHER EMPLOYEES
The term “private sector of other employees” under income tax refers to employees who are
CENTRAL AND STATE GOVERNMENT EMPLOYEES
The income tax treatment of central and state government employees is the same as for
VALUVATION OF RENT FREE UNFRINISHED ACCOMNMODATION
The valuation of rent-free unfurnished accommodation under the Income Tax Act, 1961 depends on the
VALUVATION OF RENT FREE UNFRINISHED ACCOMNMODATION
The valuation of rent-free unfurnished accommodation under the Income Tax Act, 1961 depends on the
VALUATION OF PERQUISITES
Perquisite is a benefit or an advantage that an employee receives from his/her employer over
AMOUNT OF EXCEMPTION
The amount of exemption under income tax in India varies depending on the taxpayer’s age
SPECIAL PROVISIONS IN THE CASE OF A NON – RESIDENT INDIA
There are a number of special provisions under the Income Tax Act, 1961, for Non-Resident
COMPUTATION OF CAPITAL GAINS IN THE CASE OF NON- RESIDENT
Identify the type of capital asset:Capital assets are classified into two categories: short-term capital assets
WHEN ENHANCED COMPENSATION RECEIVED
Enhanced compensation is any additional compensation received over and above the original compensation that was