Latest Answers (47,503)
 | Number of bank accounts in form ITR-2My chartered accountant put down 1 in the number of bank accounts whereas I have two NRO and two NRE accounts, Form 16A clearly shows TDS from the two NRO accounts. First, I'd... Answered by Vijay N. Kale 10 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 Vijay N. Kale 10 years ago |
| Partner retried with no cash as per current market value of assetProperty purchase as on 1988, a mumbai based register partnership firm having four partners, about 27000 sq. mtr. land they purchase in mumbai suburb Rs. 3 lac, and yr. 2009 two... Answered by Vijay N. Kale 10 years ago |
| 2nd Home Tax PlanningBackground: Have one home in my name for which no dues are pending. Bought 2nd home in joint name with my spouse with joint housing loan. We both are employed, with my tax... Answered by Vijay N. Kale 10 years ago |
| Date of purchase of property for CG - Agreement / Possession / Sale Deed?Dear sirs, For the calculation of capital gains on property, what date is taken as date of acquisition? There are 3 dates which I have. Sale Agreement that the builder has... Answered by Vijay N. Kale 10 years ago |
| Actual value of flat sale is more than stamp/registered valueHi, I sold my flat last year in Hyderabad, and the sale/market value of the flat was more than the stamp value. For e.g. the payment I received is 30 lacs, where the stamp value... Answered by Vijay N. Kale 10 years ago |
 | Salary documents for visaActually I am applying for visa n I have shown dere that im working...n as far as documents are concerned I hav my appointment lettrr on which my salary is mentioned and I have... Answered by Shyam Sunder Modani 10 years ago |
| Does pensioners welfare association qualify for tax exemptionSir, We are pensioners welfare association situated at Hyderabad, Telengana and registered as a society. We generate interest income of about 90000 from fixed deposit and... Answered by Shyam Sunder Modani 10 years ago |
| Salary documents for visaActually I am applying for visa n I have shown dere that im working...n as far as documents are concerned I hav my appointment lettrr on which my salary is mentioned and I have... Answered by Shyam Sunder Modani 10 years ago |
| 2nd Home Tax PlanningBackground: Have one home in my name for which no dues are pending. Bought 2nd home in joint name with my spouse with joint housing loan. We both are employed, with my tax... Answered by Shyam Sunder Modani 10 years ago |
| Number of bank accounts in form ITR-2My chartered accountant put down 1 in the number of bank accounts whereas I have two NRO and two NRE accounts, Form 16A clearly shows TDS from the two NRO accounts. First, I'd... Answered by Shyam Sunder Modani 10 years ago |
| Salary documents for visaActually I am applying for visa n I have shown dere that im working...n as far as documents are concerned I hav my appointment lettrr on which my salary is mentioned and I have... Answered by Shyam Sunder Modani 10 years ago |
| Tax benefits when having more than 1 propertyIncase I have 2 properties , can I show ANY one of them to be self-occupied irrespective of the fact where I actually reside/self-occupy. As I know it is always beneficial to... Answered by Shyam Sunder Modani 10 years ago |
| Share transfer from individual to companyIf I own shares of a Pvt. Ltd. Company in my name and want to transfer it to a company I am part of in the shareholding ~45-49%, is it possible without paying any money /... Answered by Shyam Sunder Modani 10 years ago |
| Refund statusDear Sir/madam, I have filed my Income Tax Return online for the assesemnet year 2014-2015 which is having refund. Now On Income tax website is showing that my ITR is processed... Answered by Shyam Sunder Modani 10 years ago |
| Document proof in lieu of salaryif someones salary is 15000 p.m and the employer is not issuing salary slip or form 16 as no tax is deducted from the salary..what other document can he ask for as a proof of... Answered by Shyam Sunder Modani 10 years ago |
| Tax on long term capital gain for commercial plotWe have purchase a commercial plot from HUDA ,Gurgaon in open auction with allotment letter dated 12-03-1990 in Rs. 2236000/-out of which 25% (559000/-) was paid in march 1990... Answered by Shyam Sunder Modani 10 years ago |
| Income tax querysir i m central govt. employee i paid tax and return bhi file kiya hai refund tax bhe a/c me aa gaya hai lakin audit team jab aayi to paya ki mere income me 10% furniture ke... Answered by Shyam Sunder Modani 10 years ago |