Latest Answers (47,477)
 | 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 Keerthiga Padmanabhan 8 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 Keerthiga Padmanabhan 8 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 Shyam Sunder Modani 8 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 Keerthiga Padmanabhan 8 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 Vishrut Rajesh Shah 8 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 Keerthiga Padmanabhan 8 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 Keerthiga Padmanabhan 8 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 Shyam Sunder Modani 8 years ago |
| Computation of long term capital gainsDear team, Have a question pertaining to long term capital gains. I had asked this question in the past. Asking with few more followup questions: Purchase details:... Answered by Shyam Sunder Modani 8 years ago |
| Computation of long term capital gainsDear team, Have a question pertaining to long term capital gains. I had asked this question in the past. Asking with few more followup questions: Purchase details:... Answered by Vishrut Rajesh Shah 8 years ago |
| A VAT paying dealer with turnover bellow 20 lacsThis question was kept private Answered by Vishrut Rajesh Shah 8 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 Shyam Sunder Modani 8 years ago |
| Derivative losses not reportedThis question was kept private Answered by Vishrut Rajesh Shah 8 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 Shyam Sunder Modani 8 years ago |
| Resale property: TDS determinationThis question was kept private Answered by Vishrut Rajesh Shah 8 years ago |
| Derivative losses not reportedThis question was kept private Answered by Vishrut Rajesh Shah 8 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 Vishrut Rajesh Shah 8 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 Vishrut Rajesh Shah 8 years ago |