Latest Answers (47,503)
 | IT returnsI write this mail to ask you only 2-3 questions related to filing of IT Returns, please answer them for me as people are giving me conflicting view points. I was an individual... Answered by Shyam Sunder Modani 10 years ago |
| DepreciationHi, My wife is in IT tax bracket of 30% .She is getting rent from office bldg. & interest income. She is also taking joint home loan benefit of interest & principal for... Answered by Shyam Sunder Modani 10 years ago |
 | DepreciationHi, My wife is in IT tax bracket of 30% .She is getting rent from office bldg. & interest income. She is also taking joint home loan benefit of interest & principal for... Answered by Vijay N. Kale 10 years ago |
| NRE and NRO - follow up questionSo can I open NRO and NRE at the same time? How long should these be open before I transfer from NRO to NRE and then to US account. What is the minimum needed to open NRE? Thank... Answered by Vijay N. Kale 10 years ago |
| IT returnsI write this mail to ask you only 2-3 questions related to filing of IT Returns, please answer them for me as people are giving me conflicting view points. I was an individual... Answered by Vijay N. Kale 10 years ago |
| STCG on sale of residential plotSir, Have taken possession of residential flat in feb2014.registered it in same month Selling it in Sep2015.Have taken homeloan for purchase on which still paying monthly EMI(... Answered by Vijay N. Kale 10 years ago |
| Foreign exchange inflow/outflow in director's reportAn Indian private company receives payment for online services from foreign customers by paypal / swift transfer. The swift transfer in USD is handled by Indian bank that is... Answered by Vijay N. Kale 10 years ago |
| IT requirement for director's paymentIf someone is director of a private company and receives payment from company as professional fees. The company deducts TDS u/s194J while making payment. Please reply these... Answered by Vijay N. Kale 10 years ago |
 | Capital gains on HUF arising out of executing Gift DeedI am owning HUF Inherited Agricultural lands and filing IT returns from time to time as KARTHA in compliance with the law. Our HUF cosist of my self, my wife & two sons, now... Answered by B Vijaya Kumar 10 years ago |
| Tax on property Gift Deed executed by wife in HUFI am owning HUF Inherited Agricultural lands and filing IT returns from time to time as KARTHA in compliance with the law. Our HUF consist of my self, my wife & two sons, now... Answered by B Vijaya Kumar 10 years ago |
| Process to evade taxSir I have sold a house which was in the name of my wife for Rs 800000 and I wish to utilize the amount in constructing a house on a plot which is in my name. Kindly assist me... Answered by B Vijaya Kumar 10 years ago |
| ExemptionMy wife got a residential property settled in her name from me on 21.9.2012. She proposes to sell it and buy a residential flat in her name on 25.9.15. As on date she is also a... Answered by B Vijaya Kumar 10 years ago |
| How to divide property and save tax on subsequent saleMy mother solely owns a "house property" in Maharashtra. The plot of land and the house constructed on it bears her name only. The plot was purchased by my father, in mothers... Answered by B Vijaya Kumar 10 years ago |
| What is to be filled in Schedule FSI for residents in Kuwait?Since January this year, I've been working for a company in Kuwait (And I'll be continuing to work here). Till september, I was working for an Indian private company. I have the... Answered by B Vijaya Kumar 10 years ago |
| Confused about income taxDear sir. My father is pay our income tax from 2010.but our C.A. didn't given us any recipt from 2010 till 2015. Sir please help me how to check that he is paying our tax or... Answered by B Vijaya Kumar 10 years ago |
| Pay taxIs it mandatory to pay tax before filing return? Answered by B Vijaya Kumar 10 years ago |
| Not paid income taxMy income for the year of 12-13 was 6 lac for 13- 14 6 lac and for the year 14-25 7.5 lac but I hv not paid until now what would be my tax liabilities as I hv invested 1lac each... Answered by B Vijaya Kumar 10 years ago |
| NRE or NROHi I am a US citizen who lives abroad,have no close family ties in India now. I have a domestic savings account from my earnings in India before I moved to US,which I am told I... Answered by B Vijaya Kumar 10 years ago |