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Archive: 20 January 2015

Posts in 20 January 2015

Reimbursement of medical expense is not perquisite u/s 17(2)

January 20, 2015 22876 Views 0 comment Print

Brief facts of the case are that The assessee received a sum of Rs.90,090/- towards reimbursement of medical expenses from the company M/s Bajaj Consultants Pvt. Ltd., wherein, he is a Director and claimed the same as exempt u/s 17(2) of the Act.

Sukanya Samridhi Account- 9.1% interest rate for investment during 2014-15

January 20, 2015 14673 Views 0 comment Print

In compliance of announcement by Finance Minister in his Budget Speech 2014-15 the Government of India has introduced a new scheme named “Sukanya Samridhhi Account” vide Notification No.GSR No.863(E), dated 2nd December, 2014. It has been decided to allow 9.1% rate of interest on investments in the scheme during the financial year 2014-15.

Sec. 10(23A): CBDT notifies ‘Indian National Group of International Association’

January 20, 2015 5945 Views 0 comment Print

Notification No.4/2015 – Income Tax In exercise of the powers conferred by clause (23A) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby approves the “Indian National Group of the International Association for Bridge and Structural Engineering, IDA Building, Jamnagar House, Shahjahan Road, New Delhi-110011” for the purpose of the said clause for the Assessment Years 2013-14 to 2015-16

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