Latest Answers (47,703)
 | Filing returnsSir I am an NRI having interest income above 2.5 lakhs per year. I have not filed income tax returns so far. When should I file my next returns ? And what penalties I will face... Answered by Rohit R Sharma 9 years ago |
| Buying a Car from inherited fundsSir I like to buy a car costing less than 6 lakhs in my wife's name from the inherited funds from my mother deposited into my bank account. If I pay the car dealer by way of a... Answered by Rohit R Sharma 9 years ago |
| Senior citizen Rs. 1,000 banThis question was kept private Answered by Rohit R Sharma 9 years ago |
| Calculation of Service Tax & VAT on Works ContractIf I execute a works contract say worth Rs 1000/- should I charge 6% Service Tax on it first and 14.5% VAT on the sum of Rs 1000/- + 6% Service Tax ? whats the exact rule , how... Answered by Rohit R Sharma 9 years ago |
| How much tax will I have to pay?I am a senior citizen. I have worked for 34 years and i have promptly paid IT for all these years as per my salary. Now since 3 years i am not paying any IT since the rebate of... Answered by Rohit R Sharma 9 years ago |
| Property related query - Tax implicationsThis question was kept private Answered by Rohit R Sharma 9 years ago |
| TransportSir I m truck owner. I have 2 trucks and 1 pickup and it is mentioned in my return. On september 2016 I bought new truck on finance and its instalment paid of Rs.65100 through... Answered by Rohit R Sharma 9 years ago |
| Question on accumulated cashHello My father aged 55, working in a private sector company(which isn't registered), has never fallen into taxable income bracket till now. He has accumulated an amount of ~... Answered by Rohit R Sharma 9 years ago |
| Money receivable - to deposit and face scrutiny or divide it upThis question was kept private Answered by Rohit R Sharma 9 years ago |
| Should a Resident Indian pay Tax on Profits of hisForeign CompanyHi, This is Raghu from Karnataka. I have a business in the United States which is doing quite well. I am looking to wire my foreign earnings to India. I see that the Tax... Answered by Rohit R Sharma 9 years ago |
| Non filing of income tax notice for FY 2013-14Sir My name is R.Gnana prakash I got notice via post from income tax department regarding non filing of income tax for the FY 2013-14 for transactions more than 10 lacs in... Answered by Rohit R Sharma 9 years ago |
| Too much Demand from CPC for an old ReturnHi Taxfull team I've filed 2013-14 tax in 2014 itself. It was having 23600 tax to be paid, But i forgot about it. around 3 months ago i got an intimation that i need to revise /... Answered by Rohit R Sharma 9 years ago |
| Income tax on wedding giftThis question was kept private Answered by Rohit R Sharma 9 years ago |
| Need to deposit Cash of Rs 10,00,000 Lakh nowThis question was kept private Answered by Rohit R Sharma 9 years ago |
| Disallowance of staff salary paid in cashThis question was kept private Answered by Rohit R Sharma 9 years ago |
| Cash DepositThis question was kept private Answered by Rohit R Sharma 9 years ago |
| Cash depositThis question was kept private Answered by Rohit R Sharma 9 years ago |
| Long term capital gain tax (LTCG)My wife had made an agreement to buy a house in July 2014 , and paid a advance amount of 75% of the value of the house. The agreement was of a joint ownership , myself and my... Answered by Rohit R Sharma 9 years ago |