No tax is to be deducted at source, where the aggregate amount of such interest to be paid or credited to the account of payee during the financial year does not exceed
Under alternate tax regime, which of the following statement is correct?
(1) Individual assessee can opt for the alternative tax regime u/s 115 BAC.
(2) Total income is computed without availing of blocked incentives.
Select the correct answer from the options given below:
A price on goods and services sold by one member of a corporate family to another, such as from a parent to its subsidiary in a foreign country, is known as
Mr. Pawan was born on 18th April, 1986 in India and later he took citizenship of USA. Neither his parents nor his grandfather were born in undivided India. In this situation Mr. Pawan will be called
Consider the following statements.
1. The aggregate amount of deduction under Sections 8oC to 8oU can exceed gross total income.
2. If a deduction is allowed under the above sections to the AoP or Bol, then deductions for the same payment/income will not be allowed to the members of the AoP/BoI.
3. Deduction is allowed only when it is claimed in his return under the heading "C Deductions in respect of certain incomes."
Which of the statement(s) given above is/are correct?
Rental income received by a foreign individual, from another foreign individual, in respect of the property situated in Delhi is taxable in the hands of: