Latest Answers (47,834)
 | How to arrive at cash on hand figure for employees?SIR/ i am working in central govt public sector organisation getting an annual income of around Rs.1500000/ to Rs.2500000 pa including bonus and salary for past 10years I have... Answered by Rohit R Sharma 9 years ago |
| Not under the taxable incomeThis question was kept private Answered by Rohit R Sharma 9 years ago |
| House rent incomeMy father retired govt employee....his age is 76...he is getting 45,000 pension per month...My father has property and he will get Rs.50,000 as house rent income Can my mother... Answered by Rohit R Sharma 9 years ago |
| Rent income from propertyMy father has property..he will get Rs.50,000 house rent... can my mother show part of this income(around 25,000) as her income in income tax returns...? Answered by Rohit R Sharma 9 years ago |
| Information u/s 133(6)I have made a draft reply for cash deposit more than rs 10 lakh in a year. kindly suggest improvement in the reply. sl. no. date of cash deposit amount of deposit explanation... Answered by Rohit R Sharma 9 years ago |
| 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 |