Latest Answers (46,847)
 | Tax on propertyI have purchased 2nd flat through bank loan which is under construction. I have started full EMI on that and incurring interest on full EMI. When should I declare this for... Answered by Shyam Sunder Modani 8 years ago |
| Can I take rebate on the interest paid and principle amount paidDear Sir, My row house construction became complete in JAN 2015 and builder has given completion certificate. I have not done registry of the property yet and I don't have... Answered by Shyam Sunder Modani 8 years ago |
| Foreign bank depositHello, as a NRI Mr X was employed overseas by an International firm. His all bank deposits are from earned income on which that country taxes are paid. Hence it is not 'black... Answered by Shyam Sunder Modani 8 years ago |
| Treatment of Loss on Sale of Mutual Funds in MATThe Company has been paying Tax as per MAT u/s 115JB. It purchased Mutual Funds, 4 months before the Dividend record date whose NAV @ 10 each. Dividend of Rs. 3 was paid on each... Answered by Shyam Sunder Modani 8 years ago |
| Which ITR to be filed?Dear sir, I am a working partner in a partnership firm.We are 3 partners. We get Rs..75000 for salary(225000).Profit of partnership firm after remuneration is 15000.. I am also... Answered by Shyam Sunder Modani 8 years ago |
| ITR for assessment year 2013-14Hello Sir, The income tax return for assessment year 2013-14 was pending from my end. I have already paid the due amount for which I have received the challan. 1) I am not able... Answered by Shyam Sunder Modani 8 years ago |
 | Which ITR to be filed?Dear sir, I am a working partner in a partnership firm.We are 3 partners. We get Rs..75000 for salary(225000).Profit of partnership firm after remuneration is 15000.. I am also... Answered by Vijay N. Kale 8 years ago |
| ITR for assessment year 2013-14Hello Sir, The income tax return for assessment year 2013-14 was pending from my end. I have already paid the due amount for which I have received the challan. 1) I am not able... Answered by Vijay N. Kale 8 years ago |
| Sale of jewellery of marriage (tax planning)Hi Sir, My aunt did expired and now the jewellery (from marriage 1967) needs to be sold off. How tax liability can be avoided or reduced ? She used to file return within... Answered by Vijay N. Kale 8 years ago |
 | Foreign bank depositHello, as a NRI Mr X was employed overseas by an International firm. His all bank deposits are from earned income on which that country taxes are paid. Hence it is not 'black... Answered by Prakash Sinha 8 years ago |
| ITR for assessment year 2013-14Hello Sir, The income tax return for assessment year 2013-14 was pending from my end. I have already paid the due amount for which I have received the challan. 1) I am not able... Answered by Shyam Sunder Modani 8 years ago |
| ITR for assessment year 2013-14Hello Sir, The income tax return for assessment year 2013-14 was pending from my end. I have already paid the due amount for which I have received the challan. 1) I am not able... Answered by Shyam Sunder Modani 8 years ago |
| ITR for assessment year 2013-14Hello Sir, The income tax return for assessment year 2013-14 was pending from my end. I have already paid the due amount for which I have received the challan. 1) I am not able... Answered by Shyam Sunder Modani 8 years ago |
| NRE FD - continuity and tax senario on change of statusDear Sir I have booked NRE FD for 8 yrs and my status will change to Resident after two years . Will this NRE FD will continue for the remains period of 6 years on contracted... Answered by Shyam Sunder Modani 8 years ago |
| NRI to Resident -tax implicationsDear Sir, My status is NRI . I left India in Feb 2007 and will be finally returning to India in Oct 2015 . During all these years my stay in India in each FY was approx 80 days... Answered by Shyam Sunder Modani 8 years ago |
| Resident status - RNORDear Sir, My status is NRI . I left India in Feb 2007 and will be finally returning to India in Oct 2015 . During all these years my stay in India in each FY was approx 80 days... Answered by Shyam Sunder Modani 8 years ago |
| Change of status NRI to Resident - taxDear Sir, My status is NRI . I left India in Feb 2007 and will be finally returning to India in Oct 2015 . During all these years my stay in India in each FY was approx 80 days... Answered by Shyam Sunder Modani 8 years ago |
| Gift tax scenarioDear Vijay N.Kale Just to follow my query , my daughter is major , studying and not earning at present . So if I transfer funds to her account as gift then the interest income... Answered by Shyam Sunder Modani 8 years ago |