Latest Answers (47,629)
 | TDS for a loan to a friendI am an NRI - living and working in Dubai. I sent money to my NRE account and converted it into a fixed deposit. My friend needed some urgent cash for medical expenses. I broke... Answered by Payal Chhajed 6 years ago |
 | Buying a car in the Firm nameHi, my question is that can a LLP buy vehicle (car) in its own name, if yes, will expenses like EMI, depreciation, drivers’ salary allowed as deduction from the tax point of... Answered by Vivek Kumar Arora 6 years ago |
| TDS for a loan to a friendI am an NRI - living and working in Dubai. I sent money to my NRE account and converted it into a fixed deposit. My friend needed some urgent cash for medical expenses. I broke... Answered by Vivek Kumar Arora 6 years ago |
| Sale of FlatI bought a under construction property and signed Agreement of sale with builder on Apr 12 2018. I will register this property in March 2020 and am planning to sell in June... Answered by Payal Chhajed 6 years ago |
| Outward remittance from my NRO account of money received as gift from my BrotherEarlier this year i received INR 35 lacs as gift from my elder brother and that money is currently in my NRO accout and i want to remitt that money outward to my foreign back... Answered by Payal Chhajed 6 years ago |
| Outward remittance from my NRO account of money received as gift from my BrotherEarlier this year i received INR 35 lacs as gift from my elder brother and that money is currently in my NRO accout and i want to remitt that money outward to my foreign back... Answered by Payal Chhajed 6 years ago |
| Capital contributionI HAVE ONE PARTNERSHIP FIRM NAMELY m/S. XYZ HAVING 2 PARTNERS. The partners are also a supplier of goods in which xyz firm is trading. The partnes supplying the goods to the... Answered by Payal Chhajed 6 years ago |
| I got a email form IT , for verificationThis question was kept private Answered by Payal Chhajed 6 years ago |
| I got a email form IT , for verificationThis question was kept private Answered by Payal Chhajed 6 years ago |
| I got a email form IT , for verificationThis question was kept private Answered by Payal Chhajed 6 years ago |
| I got a email form IT , for verificationThis question was kept private Answered by Payal Chhajed 6 years ago |
| Can unabsorbed depreciation be deducted for CG calculation ?The depreciable asset (i.e Building) in the books of accounts of the XYZ company is being sold on 5 th April 2019 at Rs. 99,00,000/-. The WDV of the asset as on 31.03.2019 is... Answered by Payal Chhajed 6 years ago |
| NRI to resident status. how to show loss on foreign assetsI had made investments in offshore funds investing in india as PE funds. Currently, I am a resident and one of the investments have generated Income this year while two funds... Answered by Payal Chhajed 6 years ago |
| Conversion of a partnership firm in LLPIs there any STAMP DUTY impact in MAHARASHTRA , if a partnership firm is converted to LLP ? The partnership firm is into land development activity/ builder/ real estate... Answered by Payal Chhajed 6 years ago |
 | Public Fund as per RBI Circular dated 01.09.2016This question was kept private Answered by Naman Maloo 6 years ago |
 | Setting of GST against services rendered in HospitalMy friend recently built a hospital. Can the GST paid against the Hospital equipment like X ray machine, Operation theatre equipment, ultrasound scanning equipment be set off... Answered by Vidya Jain 6 years ago |
| Inward foreign remittanceDear sir, I am receiving USD 900 every month from my spiritual desciple in USA to support my family as I have no other source of income. I get this through bank transfer and... Answered by Naman Maloo 6 years ago |
 | Paying University Fee from India by Resident Indian to OCI studentHello, I am a resident Indian and I want to pay university fees of my nephew who is a Canadian citizen (PIO) studying in Canada. Is there any restriction to do so ? If not what... Answered by Hunny Badlani 6 years ago |