bhavya
12 November 2018 at 15:21
can a unregistered private trust apply for PAN on the basis of notarized trust deed of such trust as proof of identity and proof of address.
Anonymous
08 November 2018 at 03:20
Good day sir, I want to release share on property owned jointly to my wife. If sell of property in future, who will deal with LTCG, me or wife? She has not contributed in payment of flat sum. And I have not claimed IT exemption on income under 80C. I am seafarer by profession , indian citizen and NRI tax status....and if I sell flat it could attract 20% TDS. I want to get rid of this issue. please guide. Thanks in advance...
Vilesh Bondade
01 November 2018 at 11:51
3 person are joint owner of land and wants to construct equal share flat and wants to get PMAY Benefit independently , bank denying to grant PMAY benefit to all 3 person, what is remedy
C N SRIDHARA
29 October 2018 at 17:18
Dear Experts,
I came here with a doubt, am a Practicing CA, and one of my Client is the Director of a Private Company indulged in Fabrication of Steel & wood structure. And they have sold a Property which belong to a Company. Now we are about to file IT Returns of the Company, and yeah the Property is sold at profit. My question to you, is whether I need to consider the profit (sale of Property) with the normal business profit, if yes how to show it in IT Returns or the profit attracts Capital Gain if this is correct how to note the same in IT Returns, please clarify. And your reply is appreciated and waiting for your valuable reply
Anonymous
29 October 2018 at 16:59
A payment is made under GST regime say in September 2017 for an invoice which relate to Pre GST say May 2017. Its a work contract invoice and TDS which was applicable under VAT law is deducted and remitted to the Commercial Taxes department by the Payee in Sept.2017. Certificate of Tax deduction is also issued. Since there is no VAT return after June 2017, the same could not be filed with a claim of the TDS amount
How to claim this amount and from whom to claim. Will this come under Transitional credit claim or how to claim this amount, or adjust this to Liability.
Anonymous
29 October 2018 at 13:24
I have a fd account for which I am submitting form 15h to bank every year on first week of April.
This year too I have submitted the form on April 2018.
However in the month of August I have closed the fd account from the bank and I have transferred the amount to another bank. In this new bank I am opening new fd account.
Now while submitting form 15 h for this new bank what should I enter in point no.17. "Details of Form No.15H other than this form filed for the previous year, if any-Total No. of Form No.15H filed".
In the month of April 2018 I have submitted the form to the old bank but for the same amount.
Kindly advice.
Thanks & Regards.
Ayush
27 October 2018 at 23:45
mere comercial car ka tax jada ho gya hai to
uske liye kaya kare ki tax thoda bahut bach
jaye
Nagalaxmi
27 October 2018 at 21:02
Dear sir/madam,
I have applied for education loan of 5 lac for my daughter in 2013. I am the MOTHER and Every month an intrest of 999rs for the first installment gets deducted from my account . As of this year 2018 an EMI of 12000 started getting deducted.it is a joint account of my daughter and husband.I am registered as only the third party guarantee on the loan annexure. And since I am paying the EMI I want to claim the income tax benefit. Can I as a mother claim the income tax benefit?? I contacted the bank for an account statement but it only shows my husband and my daughter's name and since my daughter was a minor at the time of taking loan. It only shows that money gets deducted from my account to my husband account.( Can I use the EMI payment for income tax benefit?. If not y???)
kalyan
27 October 2018 at 12:50
Hi respected experts,
am at final stage of my chartered accountancy course, mostly i will have the knowledge of Income tax act, Goods and service act, customs law, Companies act ,FEMA act, SEBI regulations etc.
but various business sectors will be governed by various central and state acts.
if i got new client in diff sector like chit fund business or co-operative sector like that...
how i will get the information that,,, which act will govern that particular business.... since we have more than thousand act...
kindly help me in this regard .....
© 2025 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Spliting itr for a.y. 2018-19 and saving income tax
Developer of Housing Society has taken possession of my flat for redevelopment of Society building who is paying me online Rs.20000/- p.m. i.e. Rs.2.40 lac p.a. towards compensation of rent. Work of plinth is on progress. My annual income from pension plus Bank’s Deposit Interest in my name plus on wife’s name will be Rs.6 lac in current financial year. I am filing IT Returns till now including income of my wife from earning interest. Now my son from USA has sent Rs.50 lac in saving account of my wife in April 2018 for purpose of expected maintenance and repair expenses of flat in the name of my wife, Medical Expenses of my wife and myself and medical/living expenses of my my two major kids. One of these kids is dependent daughter and minor grandson( No personal income of daughter and grandson). While other kid is major earning son but his income is insufficient to meet his cancer treatment. Wife will earn Rs.200000/- extra income this year from Bank interest on Rs.50 lac plus Rs.2 lac from rent of flat. I have following question.
1. May I claim Rs.2.40 lac income received from Developer under IT Act Sec 56 and same amount deductible under Sec 57(iii) so as to save income tax.
2. Should I file separate IT return of myself and wife separately to save income tax.
3. Is their Gift Tax on amount Rs.50 lac received by my wife from his son for purpose stated above.