if i am a normal salaried employee and will not come under
IT payer slab, if i have received a monitory help of
Rs.15lacs from my friend who is staying abroad and it is on
returnable basis, how i can show this in my IT remittacnce?
is there any taxes i have to pay?. if i am going to payback
him every year 1lacs how i have to show this?
please suggest me
Reg
RK
- 1 Answers
- 3118 Views
- I also Faced
- E-Mail Answers
Answer / ameet narayankhedkar
You can show this as 'Hand loan' . but this needs to have a
proof...like a cheque from your friend / a bank draft.
| Is This Answer Correct ? | 0 Yes | 1 No |
what is AMC charges for the year and how to calculate end of the year i.e dec or march
What is form c & d in sales tax?
what is the income tax rates of domestic and forgin companies
what is the prime cost? and factory cost how to calculate it?
Daily announced price of Gold. this price is included vat ya without vat. pls give me solution.
taxes leivied on carpentar & plumbing services
define double entry bookkeeping
how to deduct tds on rent? how to deduct service tax?
Managing Director personal income tax is company exp ? in which a/c ledger we should debit MD income tax amount ? Property tax is exp. or liabilities ?
Can I know the Difference between C form and E Form
Hi..My Question is related to TDS Claim. I have got the TDS certificate for F.Y 2009-10.TDS amount is 2200.00 Looking in 26AS( F.Y 09-10 ) I can not see any credit of 2200.00. This credit is available in 26AS of F.Y 2010-11. What shall I do avail credit of same in F.Y 09-10.
How to calculate entry tax on kraft papers format in excel under Assam Entry tax rules?
Audit 
