s.krishnan kutty
14 November 2015 at 14:59
dEAR COLLEAGUES
MY CLIENT AFTER OPTING FOR VCES PAID 75% TAX BEFORE JUNE 2014.DUE TO PAUCITY OF FUNDS PAID BALANCE 25% ON 10-11-2015.HE WAS NOT SERVED VCES 2.WHAT ARE THE CONSEQUENCES.
SUBHASH SHARMA
14 November 2015 at 12:43
A HAS EXECUTED A GPA TO B AGAINST A RESIDENTIAL PROPERTY IN 2014.
B HAS SOLD THE RES PROPERTY TO C IN 2015 AND EXECUTED THE SALE DEED.
MY QUESTION IS :-
ON EXECUTION OF GPA A TO B , A IS LIABLE TO PAY CAPITAL GAIN OR NOT.
ON EXECUTION OF SALE DEED BY B TO C , WHO HAS IS LIABLE TO PAY CAPITAL GAIN A OR B, SINCE B WAS GPA HOLDER OF A IN THIS CASE.
Ravindra Pande
14 November 2015 at 11:50
Pl clarify what falls under free of tax liablity.
1. Nephew gifting 10 lacs to aunt (wife of father's brother)
2. Daughter gifting 5 lacs to father.
3. Can a property be gifted?
4. Is there any limit to the amount of gift.
5. Any documentation required?
sobhit
13 November 2015 at 15:00
Sir
My grand father has an house 30year old. Now he died and the is came in the name of my father and grand mother and chacha. Now we are selling this house. What is now capital gain. What istax applicable on it. How to save the tax. Is my father can give the ant in my house loan..whole process of account opening in bank and alll .. Plz tell
Rohit
13 November 2015 at 12:04
I would like to know process of complete partition of a HUF.
All I know is :-
1. make an agreement among members of HUF regarding partition and share of partition as decided by karta.
2. Trnasfer deeds of respective movable and immovable properties in respective names.
I want to what about the cash in HUF. Should it be transferred cash or through banking channels.
Also, What should be intimated to Assessing officer regarding full partition of HUF.
when should the PAN number be surrendered. There are no Assessement proceedings pending.
suggestions will be very much helpful.
Also, Is there any book for practical approach to HUFs.
Regards.
Maheshvjti
12 November 2015 at 00:23
Dear all,
Happy DIWALI to you and your family.
I need your expert opinion for consideration of rental income for Taxation. I have purchased home in Navi Mumbai and I have taken home loan from SBI. I have mentioned my wife as a co owner in the registration document of home but I have taken home loan on my name as my wife is house wife.
Now I am planning to rent my home and planning to make lease agreement between my wife and tenant. If so is it possible to show rental income as my wife's income?or as I am paying EMI of home loan, it will be considered as my income? I am availing tax benefits on home loan EMI.
Maheshvjti
12 November 2015 at 00:19
Dear all,
Happy DIWALI to you and your family.
VHI need your expert opinion for consideration of rental income for Taxation. I have purchased home in Navi Mumbai and I have taken home loan from SBI. I have mentioned my wife as a co owner in the registration document of home but I have taken home loan on my name as my wife is house wife.
Now I am planning to rent my home and planning to make lease agreement between my wife and tenant. If so is it possible to show rental income as my wife's income?or as I am paying EMI of home loan, it will be considered as my income? I am availing tax benefits on home loan EMI.
DKTAZILANOM9909
11 November 2015 at 21:42
Dear Sir,
Can we get tax exemption on reimbusement for the Medical treatment (list provided for Specified Diseases given in rule 3A Section 17(2) of the I.T) in a hospital which is not approved by the Chief Commissioner of Income Tax?
regards
Charudutta R. Mhalgi
09 November 2015 at 15:56
Respected Sir,
If a contractor awarded a contract to sub-contract with material whether it is necessary to deduct TDS-VAT under Maharashtra Value added Tax on sub-contract value.
Kindly advice for the same.
Filling of er - 7 return
Dear Sir,
we are filling ER - 3, so Can we are liable to file the return ER - 7 ? pls mention the notification also .
Regards
Surajit Manna