a. TDS on non-salary payment – Form 16 b. TDS on salary payment – Form 16 A c. TDS on sale of property – Form 16 B d. TDS on rent – Form 16 C
Assertion (A): Tax should not be charged on dividend income from the shareholders Reason (R): Some economists are of the opinion that when tax has already been paid on the profit of the company and balance is distributed as dividend to the owners, tax need not be levied on them
Given is the information related to a house Municipal Value (MV) Rs. 1,50,000 Fair rent Rs.1,80,000 Standard rent Rs. 1,60,000 Actual rent Rs. 20,000 pm Municipal tax is paid by the owner is 20% of MV Unrealised rent Rs. 40,000 (Condition of rule 4 satisfied)
List I […]
a. Tax-shield on depreciation and interest is an important variable both for the lessor and the lessee b. Lease transactions in India are governed by the Lease Act c. A lessee should evaluate the lease options against the buying option d. As per AS-19, financial lease is shown in the balance sheet of the lessee […]
List-I List-II (a) Claims (i) canteen , uniform, accident relief (b) Fringe benefits (ii) telephone/ mobile allowance, internet allowance, medical allowance (c) Perquisites (iii) company car, club membership, paid holidays, furnished house.