Tax questions

Tds

Hello sir/ma'am, I have a query and i am confident enough that you would clarify my doubt. The thing is i recently joined an institution where i had to teach a particular subject, for 3 hours a day. At the time of joining they told me that i would get paid 10,000 rs per subject. I taught the same subject in 3 of their branches so as per the agreement the total amount which had to receive is r...

Query on calculation of Indexed cost of property

How to calculate Indexed value of Flat in in 2016-17 in following case as the payments are made in different financial years having different Cost Inflation Index (CII). Whether the legal costs of purchase (registration fee, stamp duty etc) are also to be considered. indexed and if so, how to do that in case given below. 1) Purchased a Flat as first owner from Army Welfare Housing Organisation...

non pan transactions

Hi , I bought residential land in Bangalore on 2014 for 60 lakhs. the land was registered as joint property on me and my wife. As me and my spouse are working we got loan of 40 Lakhs from LIC Housing finance. At the time of registration the seller has paid TDS of 1% to the government. i did not disclose the property details in my IT Returns.As i thought the property details are to be discl...

relief u/s 89

sir, I Bhateri Devi a family pensioner received arrears in FY 2006-07 for past years.I have claimed relief u/s 89 and file ITR in AY 07-08.For AY 08-09,09-10,10-11,11-12 I have not file ITR bcs my income is below taxable income.In FY 11-12 I have received arrears for 05,06,07.I claimed relief u/s 89 but not submit form 10E.Again in FY 12-13 i have received arrears for 06,07,08,09,10,11,12.Aga...

Tax implications on selling of redeveloped property.

I have surrendered my old property in Dadar to builder for redevelopment in 2012. He didn't gave us alternate permanent accommodation for redevelopment period instead he paid us rent for almost more than 3 year on monthly basis. Now the redevelopment had been done and I have received new house in January 2016 along with occupation certificate after few months. I want to sell my new house for pu...

query related to IT notice

GoodDay, Kindly assist me with the notice received from IT dept. I am a seafarer sailing in foreign going ships. i started carrier from July 2012. Notice as follows. Non filing of income tax return reg. 1. The income tax department has received information on financial transactions/activities relating to you. A list of some of the information for the financial year 2013-2014 is ...

Tax notice due to wrong Pan card detail

I am a semi government teacher and for this financial year/(2016-17) applied for refund(My oral cancer detected in feb 16 and operated on mar 16 so applied refund due to deduction under 80DDB). I got a mail from income tax department yesterday that there was some due on previous years so my refund will adjust if i'll not reply within 30 days. When i check attachment then they calculated t...

Accident claim

Its truth or false... ?? ??? ???? ??????? ?? accidental death ???? ?? ?? ?? ??????? ????? ??? ??? ?? ?????? ???? ????? ?????? ???? ?? ??? ?? ?? ???? ????? ??? ??? ?? ????? ?????? ???? ?? ?? ???? ???? ?? ??????? ?? ?????? ?? ???? ?? ??? ????? ????? ?? ? ?? ??? , ???? ??????? ?? ??? ???? ?? ????? ????? ?? ?????? ??? ?????? ???? ?? , ?????? ?? ??? ?? ??? ???? ?? ?????? ?? ?????? ???? ????? ?? ???...

Income tax notice for housing society regarding conveyance deed

During year 2009, our Housing Society got the ownership handed over by the Builder (promoter) via Sale Deed (Conveyance Deed), The housing society is a combination of 6 sub-societies, each one having their own Chairman and Secretary In the conveyance deed, it is mentioned that a certain sum of total amount is paid by all flat owners to the Promoter. The conveyance deed is signed by all the S...

Lady & paFinancial Fraud in Canada & 497a( Dowry case ) in India

Dear Sir, The matter doesn't fall in any of the categories mentioned above. It is basically fraud matter. My Son, a PR & daughter in law, a Canadian citizen, have a financial dispute owing to credit card fraud by her foster parents on her credit of six years before marriage in Canada, not revealed and learnt at home loan application stage, seven months after marriage. Our son asked ...