Latest Answers (46,848)
 | 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 Shyam Sunder Modani 7 years ago |
 | VAT on Raw Material - Products ExportedHello, Could you please advise if it is possible to reclaim the VAT paid on inputs/materials used in manufacturing products which will be exported? According the the following... Answered by Rohit R Sharma 7 years ago |
| Delhi Event Management company moving goods to UP venue for eventI run an event management company from Delhi and will be moving decoration stuff, sofas, Iron trusses for set up of stage, etc from godown in Delhi to Hotel in UP (Noida) for... Answered by Rohit R Sharma 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 Rohit R Sharma 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 Rohit R Sharma 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 Rohit R Sharma 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 Rohit R Sharma 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 Rohit R Sharma 7 years ago |
| Derivative losses not reportedThis question was kept private Answered by Rohit R Sharma 7 years ago |
| VAT on Raw Material - Products ExportedHello, Could you please advise if it is possible to reclaim the VAT paid on inputs/materials used in manufacturing products which will be exported? According the the following... Answered by Rohit R Sharma 7 years ago |
| Resale property: TDS determinationThis question was kept private Answered by Rohit R Sharma 7 years ago |
| Income tax returnThis question was kept private Answered by Rohit R Sharma 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 Rohit R Sharma 7 years ago |
| IT declaration for home loanDear Sir/Madam, My question is pertaining to Home loan interest declaration as it is the beginning of the financial year. I have taken a home loan of Rs 54,00,000 Lakhs in the... Answered by Rohit R Sharma 7 years ago |
| Home Loan Interest (Section 24) Benefit clarificationThis question was kept private Answered by Rohit R Sharma 7 years ago |
| Notice under section 148 dated 31/03/17 received on 1/4/17income chargeble to tax for year 2010-11 has escaped assessment under section 147 of incometax act. after sanction from pr. commissionar of I.t. similar notice was served on... Answered by Rohit R Sharma 7 years ago |
| Best option to save tax for a full time trader in stock marketHi I want to be a full time trader in the stock market with the initial capital fund of Rs. 50 lacs. I am planning to employ couple of people as analytics with a dedicated... Answered by Rohit R Sharma 7 years ago |
| A VAT paying dealer with turnover bellow 20 lacsThis question was kept private Answered by Rohit R Sharma 7 years ago |