ajay kumar sarawogi
21 August 2013 at 10:21
if asseessee gives interest free loans to relatives and non relatives can ITO add notional interest on such loans to income
of the asseessee and tax it.
nagarathinam
20 August 2013 at 19:19
I need Income tax act sec.37(1), bribery supreme court case laws
vishal
20 August 2013 at 13:58
Dear all,I am a chartered accountant.I am looking for some good law firm in Delhi/Gurgaon for taxation exposure as I want to specialize in direct or indirect taxation (assessments,tax planning etc).Please let me the details about the same.
Legal Eagle
20 August 2013 at 10:54
Is Specific DOmestic Transaction as per the Finance Act, 2012, applicable to Charitable Trusts who are not doing any trade or commerce, or any commercial activity in Mumbai
amit
19 August 2013 at 23:06
Sir,
Family of deceased received compansation in motor accident case. While depositing the compasation insurance company deducted TDS.
My question is that whether TDS can be dedcuted on compansation received under MOTOR VEHICLE ACT by insurance company?
whether minors receiving compansation are also liable for TDS?
whether widow(housewife) not assesed to Tax is also liable for TDS?
Compansation is disributed among HIERS of deceased but TDS was deducted on whole amount.whether it was justified?
Is there any CASE LAW regarding above matter?
aditya
17 August 2013 at 13:37
Hello
i am law student and have joined practice in taxation field simultaneously .what is the purpose and procedure for doing assessment of our client returns In Income Tax.
thanks !!
Prakash
17 August 2013 at 13:29
Hi,
I filed once in India my tax returns & later since from 4 years not filed tax return as i am working in abroad.
Do I need to file tax return or NRI not required to file..... I want to apply home loan in India.
ajay kumar sarawogi
17 August 2013 at 08:53
My son made gifs to her mother out of his own
fund ( not borrowed )amounting to Rs 7,00,000
in the financial year 12 -13. The gift made
was made by five account payee cheques total
amounting to Rs 7,00,000/-Her mother invested
the same in property. My son age is 24 years
and is chartered Accoutnant and his income is from salary and tution fees.
1) Is this gift will be exempted from Tax.
2) How many times son can make gift to her
mother in a financial year.
3) Is it compulsory to make gift deed on
stamp paper and notorised OR writing
the same on plain paper will do.
4) What ITO will see on verifying gifts.
5) Is gift a capital receipt or revenue
receipts.
6) If it is capital receipts under which
column of Income tax Return gifts
received can be shown.
K LAL
16 August 2013 at 16:23
Sir
I am an individual Indian personal assese in I.TAX in Delhi.My accounts are prepared by my C.A.I have only property rental income & there is no other income, and I am a senior citizen.
The amount is paid as his fee annually by me through cheque
.
He shows this amount in my drawings but does not show as his fee.
Is this amount paid to him, a legal expanse an audit fee or handling my accounts which later on I can claim as my expenditure out of my total rental income? Kindly guide me.
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I need related case laws in supreme court - reg
Sir
As per the explanation given to sec.37(1), if bribe is paid to government employees, the expenditure shall be disallowed, because it is considered as an offense or it is opposed to public policy. However, if it is paid to others, which is not prohibited by any law, it is not disallowed for your kind perusal.
I need related case laws in supreme court.