Latest Answers (47,945)
 | Tax paymentMy friend's uncle is 83 years old. Since last 10 years he is suffering from light Parkinson and not able to make signature. SO all his income and expenditures he is making... Answered by Abhishek Dugar 10 years ago |
 | Nre nro account depositThis question was kept private Answered by Rohit R Sharma 10 years ago |
| Is it a right time to buy agriculture land after demonitisationWe paid 50k advance to buy one acre of land for 21 lakhs after the demonetisation. We can pay the rest in white as me and my brother are salaried employees. Is it a right time... Answered by Rohit R Sharma 10 years ago |
| 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 10 years ago |
| Not under the taxable incomeThis question was kept private Answered by Rohit R Sharma 10 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 10 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 10 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 10 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 10 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 10 years ago |
| Senior citizen Rs. 1,000 banThis question was kept private Answered by Rohit R Sharma 10 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 10 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 10 years ago |
| Property related query - Tax implicationsThis question was kept private Answered by Rohit R Sharma 10 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 10 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 10 years ago |
| Money receivable - to deposit and face scrutiny or divide it upThis question was kept private Answered by Rohit R Sharma 10 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 10 years ago |