Applicable for the Assessment year 2020-21Particulars TDS Rates (in %) where the person is resident in India- Section 192: Payment of salary Normal Slab Rate Section 192A: Payment of accumulated balance of provident fund which is taxable in the hands of an employee. 10 Section 193: Interest on securities a) any debentures or … [Read more...] about TDS Rates-Applicable to a person other than a company
Income Tax
TDS Rates – Applicable to a company
Applicable for the Assessment year 2020-21Particulars TDS Rates (in %) 1. In the case of a company- 1.1 where the company is a domestic company- Section 193: Interest on securities a) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act; 10 b) any … [Read more...] about TDS Rates – Applicable to a company
Specimen of General Power Of Attorney
If you want to know what is power of attorney, then our earlier post might help you to understand the basics. You can also get sample of power of attorney for specific income tax purpose here.Power of AttorneyI, ___________________________________, s/o ___________________________, r/o ___________________________________, and partner of the firm M/s. … [Read more...] about Specimen of General Power Of Attorney
Power of Attorney – Income Tax
Note: You can use following two power of attorney samples to draft your own. If you have any queries then use out Q&A section to ask us questions.Specimen-1Power of AttorneyI, __[your name here]______________________,Son / Daughter of ___[your father’s name here]___________________, R/o ____[your residential address here]__________________ do hereby authorize … [Read more...] about Power of Attorney – Income Tax
Value of perquisite where accommodation is provided in a hotel
In our last article, we discussed how to calculate the taxable value of perquisite where accommodation is provided by the employer. In this article, we will be discussing how to calculate the value of perquisite where accommodation is provided in a hotel by the employer.For this purpose hotel includes licensed accommodation in the nature of motel, service apartment or guest … [Read more...] about Value of perquisite where accommodation is provided in a hotel