Table of Contents
·
1. Accommodation provided by the Government
to its employees
o
(i) Where the Accommodation is Unfurnished:
§
(a) If the Accommodation is provided Rent
Free:
§
(b) Where the Accommodation is provided at
Concessional Rate:
o
(ii)
Where the Accommodation is Furnished:
·
2. Where the Accommodation is provided by any
other employer.
o
(i) Where the Accommodation is Unfurnished:
o
(ii)
Where the Accommodation is Furnished:
·
3. Where the Accommodation is provided by the
Employer (Government or other employer) in a Hotel.
o
No Perquisite value even if Accommodation provided in a
Hotel.—
·
4.
Exception to the above Rules
o
(A) Accommodation provided at certain site or in a
remote area [Proviso 1 to rule 3(1)]:
Related Posts:
·
Assessment and
Audit under CGST Act, 2017 Word “Assessment” has been defined
in Section 2(11) of the CGST Act, 2017. As per Section 2(11), Assessment means
determination…
·
[Section 30 to
37]- Expenses Allowed as a Deduction for computing Income under ‘Profit & Gains
of Business or Profession’ 1. [Section 30]- Rent,
Rates, Taxes, Repairs and Insurance for Buildings – for computing Profit
& Gains of Business or…
·
Computation of
Capital Gains in different Cases 1. Computation of
‘Capital Gain’ in case of ‘Zero Coupon Bonds’ The profits arising on the
transfer of such zero…
·
Limitation /
Compliance by Assessee , Assessing Authority, etc. Under Income Tax Act, 1961 1.
Advance Tax Advance Tax All assessees other than covered under
section 44AD or 44ADA Section Nature of Compliance by…
·
GST
Registration, Modification and Cancellation Procedure The
registration in GST is PAN based and State specific. Supplier has to register
in each of such State or…
·
Deductions from
Gross Total Income for computing Taxable Income 1.
[Section 80CCC]- Deduction in respect of Contribution to certain Pension Fund
Essential Conditions for Claiming Deduction under this Section…
·
Value of Taxable
Supply of Goods or Services under Chapter IV of CGST Rules (Rules 27 to 35) Basis
of charge of GST is given by section 9. As per section 9, GST shall be levied
on the…
·
Exemption Under
Section 11 to 13 in case of Public Trusts for Charitable or Religious Purposes The
income derived from a property held under charitable or religious trusts is
exempt from tax under section 11 subject…
·
Procedure for
Assessment of Search Cases-[Sections 153A, 153B and 153C] 1.
[Section 153A(1)(a)]- Notice for Filing Return: Where a search is initiated
under section 132 or books of account, or…
·
GST Return under
GST Act. A GST Return is a summarised statement furnished by
the tax payer to the tax administrators containing details of specified…
·
Chapter VI of
Central Goods and Services (CGST) Rules, 2017 Chapter VI of
Central Goods and Services (CGST) Rules, 2017 has laid down various rules
relating to— (1) CGST…
·
Input Tax Credit
or ITC under GST Under the GST regime. the Centre will give
input tax credit for Central GST/IGST and the States will give input…
·
Capital Gains
under Income Tax Act. 1961 - LTCG & STCG 1.
Basis of Charge – Capital Gains [Section 45(1)] Any profits or gains arising
from the transfer of a capital…
·
Deduction Under
Section 80A to 80U (Chapter VIA) from Gross Total Income The
aggregate of income computed under each head, after giving effect to the
provisions for clubbing of income and set…
·
Services Exempt
from GST Notification No. 12/2017-Central Tax (Rate), dated
28.6.2017 has Exempted following Services from CGST/IGST respectively: SL. No.
Description of Services 1…
·
[Section 195]-
TDS on Payment to a Non-Resident 1. TDS on income
of Non-Resident: Any person responsible for paying to a non-resident, not being
a company, or to…
·
TDS from Salary
[Section 192] 1. [Section 192(1)]- Tax to be
Deducted at average of Income-Tax: Any person responsible far paving any income
chargeable under…
·
Tax Treatment of
‘Provident Fund’ for Income-tax Purposes - for Computing Salary Income Particulars
SPF (Statutory Provident Fund) RPF ( Recognised Provident Fund) URPF
(Unrecognised Provident Fund) PPF ( Public Provident Fund) 1.…
·
Advance Payment
of Tax [Section 207-211, 218, & 219] Advance payment of tax
is another method of collection of tax by the Central Government in the form of
pre-paid…
·
Tax Treatment of
‘Retirement Benefits’ Income to be included in Gross Salary - for computing
‘Salaries’ Income Retirement Benefits Incomes includes ….
Gratuity Pension Leave Encashment Retrenchment Compensation Compensation
received on Voluntary Retirement 1. Treatment of ‘Gratuity’…
You may also like :
Revision by the Principal
Commissioner or Commissioner under Income Tax Act.
Appeals & Revisions, Direct Taxes Ready Reckoner, Tax Management /
[Section 285BA]-Obligation to Furnish Statement of
Financial Transaction or Reportable Account
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
Service of Notice under the Income-tax Act [Sections 282
to 284]
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
[Section 281B]- Provisional attachment of Property to protect
revenue in certain cases
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
Restriction on Cash Transactions [Section 269ST and
271DA]
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
[Section 269T]- Mode of repayment of certain Loans or
Deposits and Specified Advance Received
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
[Section 269SS]- Mode of taking or accepting certain
Loans, Deposits and Specified Sum
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
Appeals to Appellate Tribunal [Section 253(1) and (2)]
Appeals & Revisions, Direct Taxes Ready Reckoner, Tax Management /
First Appeal Filed by the Assessee
Appeals & Revisions, Direct Taxes Ready Reckoner, Tax Management /
[Section 273A]- Power to Reduce or Waive Penalty
Direct Taxes Ready Reckoner, Penalties, Tax Management /