Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Queries Participated

Kumar Krishan Agarwal Advocate   15 May 2010 at 22:19

F.D Gift Under Income Tax Act

Dear Sir,

1. I want to marry a girl but before marriage I want to transfer in F.D or want to give Rs 2 Lakhs to the bride for showing explicitly the safety proof of her life & living-hood in future if something mishap will occur to me after marriage.

2. Will the deduction of income tax will be deducted on Rs 2 Lakhs from assessee
OR
there is some other way to transfer the money on her name so that I will have exempted for paying any income tax amount on the 2 lakhs amount before marriage will be consummated?

3. What is the shrewd way to give the aforesaid amount to her without any income tax deductions before marriage?

Anonymous   12 May 2010 at 20:00

INTERST TO BE LEVIED U/S 234B &234C IN CASE OF COMPUTATION

WHETHER INTEREST U/S 234B &234C IC LEVIABLE IN CASE OF COMPUTATION OF INCOME UNDER PROVISIONS OF SECTION 115JA & 115JB

jyotirmaya behera   11 May 2010 at 23:01

PAN card

now days PAN card is very necessary. even student also using PAN card. some one told me that who will use PAN card they r bound to pay income tax or who have no more income then 1,60,000 they will file return file. there have any law that who will use PAN card they will pay income tax to govt?
if is it true then who are student what they will do? is it crime who dont give income tax or return file?

ncvijaykumar   11 May 2010 at 19:39

Section 2922)(e) - Deemed Dividend

A Shareholder having substantial interest received money from the company in accordance with the family settlement in which the company is also a party to the agreement. Whether the receipt is taxable in the hands of the shareholder under section 2(22)(e) of the Income Tax Act 1961?



Course