Latest Answers (47,475)
 | Section 80GG - deductionHello I want to make Deduction under Section 80GG but i have following status: As self employed I pay Rs. 7600 per month rent in cash to Landlord But i don’t have any proof of... Answered by Rohit R Sharma 8 years ago |
| Paying salary to mother - Income TaxHi Experts, I am a software professional (registered as a proprietorship). I am paying my mother monthly salary for her services. Her annual salary is less than taxable income.... Answered by Rohit R Sharma 8 years ago |
| Fixed depositMy client had a fixed deposit of 8 lac in FY 14-15 but in FY 15-16 he has a fixed deposit of 30 lac. How to show it in IT file and what is the tax consequences. TDS has been... Answered by Rohit R Sharma 8 years ago |
| Need Help handling an 1120 for a C Corp for an unorganized clientThis question was kept private Answered by Rohit R Sharma 8 years ago |
| HUFSirs, I have a HUF account in which rent income gets credited.I pay tax on that after usual exemptions.My query is that can I transfer the amount so accumulated to the Karta's... Answered by Rohit R Sharma 8 years ago |
| TDS Deducted on Salary in Qatar starting from NovemberHi , I was sent to Qatar on Business Visa from August-7th-2016 by my company. Subsequently I was transferred to Qatar from 1-Nov-2016 . Till October I was getting salary in my... Answered by Rohit R Sharma 8 years ago |
 | Tax implications from sale of shares and mutual fundsHi, Since Market is at an All time high, I want to sell off all my Shares and Mutual funds which were made for the primary purpose of buying a home in near future. I have some... Answered by Pradeep Bhat 8 years ago |
| Cash transactiondear sir goo morning we sells medicines to different medical store retailers vide multiples bills aggregating 2.5 annually the payment of which we receives in cash totally... Answered by Pradeep Bhat 8 years ago |
| Tax on property saleThis question was kept private Answered by Pradeep Bhat 8 years ago |
| IT returns for FY 2014-15Have received a notice from IT department as to returns not filed for FY 2014-15. what need to be done, Am supposed to respond in the compliance session online. Can i file now,... Answered by Pradeep Bhat 8 years ago |
| Dividendsif there is 100% income only from dividends of hybrid equity fund then is it mandatory to file inc0me tax return.as dividend income is tax free so when there is no taxable... Answered by Pradeep Bhat 8 years ago |
 | Deduction of TDS from rent supposedly givenKindly advise,taking the following points into consideration. 1.There is a tenant,which is a registered private PARTNERSHIP FIRM,on rent in our house,on a tenancy agreement,that... Answered by Shyam Sunder Modani 8 years ago |
| Delayed booking in 26ASThis question was kept private Answered by Shyam Sunder Modani 8 years ago |
 | Section 80GG - deductionHello I want to make Deduction under Section 80GG but i have following status: As self employed I pay Rs. 7600 per month rent in cash to Landlord But i don’t have any proof of... Answered by Keerthiga Padmanabhan 8 years ago |
| Need Help handling an 1120 for a C Corp for an unorganized clientThis question was kept private Answered by Keerthiga Padmanabhan 8 years ago |
 | Tax implications from sale of shares and mutual fundsHi, Since Market is at an All time high, I want to sell off all my Shares and Mutual funds which were made for the primary purpose of buying a home in near future. I have some... Answered by Abhishek Dugar 8 years ago |
| Current Account v/s Nodal AccountThis question was kept private Answered by Abhishek Dugar 8 years ago |
| TDS Deducted on Salary in Qatar starting from NovemberHi , I was sent to Qatar on Business Visa from August-7th-2016 by my company. Subsequently I was transferred to Qatar from 1-Nov-2016 . Till October I was getting salary in my... Answered by Shyam Sunder Modani 8 years ago |