What will be the tax implications of the following payments received by a divorced lady from her former husband: Fixed maintenance charges at Rs.25,000 p.m. for six to eight months (after the divorce) followed by two lump sum payments of Rs.5 lakhs each...

A copyrighted product is different from a copyright. While the payment for use of copyright of a non resident by a resident is deemed to be received in India u/s 9(1) as it is well covered under the definition of royalty” , the purchase of a...

The contribution in pension funds gives the investor deduction u/s 80CCC upto Rs 1,00,000 . However,the combined deduction under 80CCC + 80C + 80CCD is Rs 1,00,000. Why is it not great tax saving ? The scheme of pension funds of LIC or other private...

The answer is yes, but this facility is only for Non Resident Indian , provided certain conditions are fulfilled.Chapter XII-A in the I T Act provides special provisions relating to certain incomes of non-residents. Under this chapter, there is express...

E- Payment of taxes were made mandatory for corporates & to those assessee to whom Section 44AB applies with effect from 01.04.2008. My question is that whether Payment of TDS will come under this or not and if TDS payments are to be made through...

I worked in Hongkong for the period of 1/4/2007 to 30/6/2007 on Salary basis in a company. I was transferred in India in July 2007 in a branch of the same company, when i left Hongkong in July 2007 the Income Taxes is paid by me to the Government of...