Latest Answers (46,817)
 | GST or VATwe have a restuarant in sindudurg dist maharashtra which belongs to our father.our father has expired few months ago.as per his will we 5 legal heirs have equal share.but one... Answered by B Vijaya Kumar 7 years ago |
| Does plot cost and construction cost sum up for acquisition costBought a plot in 1985 for Rs 40,000. In 1995 we constructed a two floor house for Rs 14,00,000. In march 2016, we sold the entire plot with house for 68 lakhs. Now for... Answered by B Vijaya Kumar 7 years ago |
| Income tax returnThis question was kept private Answered by B Vijaya Kumar 7 years ago |
| Resale property: TDS determinationThis question was kept private Answered by B Vijaya Kumar 7 years ago |
| My wife received marriage gift from her fatherMy Wife received marriage gift from her father in the form of money and that is via cheque payment to her account and in this case does she need to file income tax returns? we... Answered by B Vijaya Kumar 7 years ago |
| Am I entitled for LTCG tax exemption if the building is delayedSold property in June 2015, and paid for an apartment in a bldg where construction was ongoing. 95% of the cost already paid for, but construction is not complete yet. Expected... Answered by B Vijaya Kumar 7 years ago |
| Tax implications with respect to property saleHi, We bought an Apartment in 2009 in Bangalore & Got a provisional Allotment letter around that time. We got possession of the property in 2016 and we are yet to Register the... Answered by B Vijaya Kumar 7 years ago |
| Capital gains tax on self constructed propertyMy father constructed a house in 2004. after his demise last year, my mother is planning to sell it and move with me. Its valuation according .to approved valuer is Rs.35lacs... Answered by B Vijaya Kumar 7 years ago |
| Can I avail income tax benefit on Home Loan from Parents u/s 24This question was kept private Answered by B Vijaya Kumar 7 years ago |
| Paying rent to wife (HRA)?Can I pay rent to my wife and claim HRA? The house is owned by my wife. She has taken a home-loan where I am the guarantor (but not the co-owner). She is OK with showing the... Answered by B Vijaya Kumar 7 years ago |
| Double taxationI was in Canada from Nov-2015 to March-2017. I have paid tax in canada as per canadain rule . My income in india during these time were - House rent - Bonus from my company Also... Answered by B Vijaya Kumar 7 years ago |
| Taxation of development projectI am an Indian national, residing in India at Dombivli, Dist. Thane, State Maharashtra. I am a member of a Co-Operative Housing Society, classified as Tenant Ownership... Answered by B Vijaya Kumar 7 years ago |
| Got income tax notice for non filing the ITRSir I was doing intraday share trading during FY2009-2010 and 2010-11. I just invested Rs. 70000 and did share trading with the margin of share broker and the turnover was rs.... Answered by B Vijaya Kumar 7 years ago |
| Derivative losses not reportedThis question was kept private Answered by B Vijaya Kumar 7 years ago |
| Medical expensemy daughter was an inpatient at a wilderness therapy program at the suggestion of our family counselor and psychologist. Our medical insurance had a specific exclusion for this... Answered by B Vijaya Kumar 7 years ago |
| Resident Saving Account for NRIHi, I am a NRI working in US since financial year 2014-15. I have a NRE and NRO account and a resident Saving account in India which I never got a chance to convert into a NRO... Answered by B Vijaya Kumar 7 years ago |
 | Taxation of development projectI am an Indian national, residing in India at Dombivli, Dist. Thane, State Maharashtra. I am a member of a Co-Operative Housing Society, classified as Tenant Ownership... Answered by Abhishek Dugar 7 years ago |
| Double taxationI was in Canada from Nov-2015 to March-2017. I have paid tax in canada as per canadain rule . My income in india during these time were - House rent - Bonus from my company Also... Answered by Abhishek Dugar 7 years ago |