Answers on Income Tax (25,625)
 | EPF withdrawal before 5 yearsHi, I worked in firm from 2010 Jan to 2012 Sep. It has EPF managed by trust. After that I studied from 2012-14 but did not settle my EPF with the company. In 2014, I joined... Answered by B Vijaya Kumar 9 years ago |
| PF under Section 80CI had joined a job in previous financial year and left due to health concern. I had issued form 16 with TDS by employer with 80c exemption provision of PR Rs 52000/=.While I had... Answered by B Vijaya Kumar 9 years ago |
| Sale of agricultural landi sold agriculture land in 2011-12 and the money i received was more than stamp duty valuation of agriculture land and in 2011-12 i deposited whole money(cash) in my saving bank... Answered by B Vijaya Kumar 9 years ago |
| Land compensationI ‘m an NRI.I will be receiving the money from my parents. My parents will be receiving the Land compensation from High court on behalf of Govt of Tamilnadu.The land category is... Answered by B Vijaya Kumar 9 years ago |
| Foreign Account DisclosureI stayed for 143 days in India in last financial year and then came to US as a part of work assignment from my company. Prior to coming here I was in India for more than 5... Answered by B Vijaya Kumar 9 years ago |
| Tax on NRE deposit interest earned, when in IndiaHi all, I am a foreign passport and India OCI card holder. I have deposits in my NRE account, the interest earned on which is tax free in India. My question is: If I move to... Answered by B Vijaya Kumar 9 years ago |
| Queries about Income Tax filingI am director of a pvt company and receives professional fees from company u/s 194J. The company has paid 2.5L in FY 14-15 and remaining 3.5L is pending to be paid. The company... Answered by B Vijaya Kumar 9 years ago |
| Non filing of Income Tax Returns-RegSir, My agricultural land was acquired forcibly by Govt of Haryana. I got the cheque for the amount from district revenue officer. This cheque was deposited in HDFC bank. After... Answered by B Vijaya Kumar 9 years ago |
| Tax on purchase of unlisted shares below nominal valueI have purchased 50000 shares from a private limited company at a discounted price of Rs.14 per share in March 2015. On 31st March, 2015, as per company valuation, the book... Answered by B Vijaya Kumar 9 years ago |
| Tax on purchase of unlisted shares below nominal valueI have purchased 50000 shares from a private limited company at a discounted price of Rs.14 per share in March 2015. On 31st March, 2015, as per company valuation, the book... Answered by B Vijaya Kumar 9 years ago |
| Opening LLC in USA as Indian residentHi I am Indian Resident and i want to open LLC in USA, also bank account in USA for my LLC. I want to know am i allowed to do that ? There is no tax in USA for Non US resident... Answered by B Vijaya Kumar 9 years ago |
 | Tax on purchase of unlisted shares below nominal valueI have purchased 50000 shares from a private limited company at a discounted price of Rs.14 per share in March 2015. On 31st March, 2015, as per company valuation, the book... Answered by Ankit Jain 9 years ago |
| Opening LLC in USA as Indian residentHi I am Indian Resident and i want to open LLC in USA, also bank account in USA for my LLC. I want to know am i allowed to do that ? There is no tax in USA for Non US resident... Answered by Ankit Jain 9 years ago |
 | Queries about Income Tax filingI am director of a pvt company and receives professional fees from company u/s 194J. The company has paid 2.5L in FY 14-15 and remaining 3.5L is pending to be paid. The company... Answered by Shyam Sunder Modani 9 years ago |
| Showing side income other than form 16Hi, I work in a software company. They have given me form 16. I also earn from tutions. Can i show that tution income while filing income tax. If yes, in which section?? Answered by Shyam Sunder Modani 9 years ago |
| Queries about Income Tax filingI am director of a pvt company and receives professional fees from company u/s 194J. The company has paid 2.5L in FY 14-15 and remaining 3.5L is pending to be paid. The company... Answered by Shyam Sunder Modani 9 years ago |
| Default in payment of advance tax (Under Section 234B)section 234 B says /*** You need to pay at least 90% of your total assessed tax before 31st March to avoid interest. No interest is applicable if the outstanding tax amount is... Answered by Shyam Sunder Modani 9 years ago |
| Non filing of Income Tax Returns-RegSir, My agricultural land was acquired forcibly by Govt of Haryana. I got the cheque for the amount from district revenue officer. This cheque was deposited in HDFC bank. After... Answered by Shyam Sunder Modani 9 years ago |