Vishal Bhasker
16 April 2015 at 16:12
My aunty(Senior Citizen)has gifted an X amount of money to her younger sister(Age 68) who is also a senior citizen after selling off her property as she is in a bad state. Now can the younger sister give her husband (Age 72) half the amount she received as a gift. Would it be taxable.
What would be the best way to do this money transfer without incurring taxes. Is there any money limit to a gift deed in this scenario. Would appreciate help on this from all you experts.
Thankyou
Vishal
Praveentristar@gmail.com
16 April 2015 at 14:58
Dear Sir
I received the cheque of income tax refund amount Rs 82, 520/- .But the account no mentioned was my old bank account, I sent it to State Bank of India, Cash Management Product Centre, Mumbai with supporting documents for reissuing the refund amount. I sent it on 21-02-2015, but till now I am not received the refund cheque
Please advise me what to do next….
Regards
praveen
Praveentristar@gmail.com
16 April 2015 at 14:53
Dear Sir
I received the cheque of income tax refund amount Rs 82, 520/- .But the account no mentioned was my old bank account, I sent it to State Bank of India, Cash Management Product Centre, Mumbai with supporting documents for reissuing the refund amount. I sent it on 21-02-2015, but till now I am not received the refund cheque
Please advise me what to do next….
Regards
praveen
Abhishek Gupta
16 April 2015 at 08:35
Hello, My Grandfather has given his self owned property to me by GIFT DEED (Registered)in 2010.He purchased that property in 1972 for Rs 2100. Now Grandfather has passed away in 2015. Now I wish to sell this property.
I would like to know the following:
1) What would be the tax liability on me and how it will be calculated?
2)Will this fall under Long/Short term capital gain?
3) What are the ways to save the tax applicable?
Regards,
Abhishek Gupta
Sir,
Thanks! in advance.
One of my client(individual) wish to file INCOME TAX Return for AY 2013-14 with NIL tax liability. Along with AY 2014-15 & 2015-16. He want to go for home loan.
Pl suggest AY 2013-14?
Pl if possible today.
Regards
Vikas
RAJEEV VARMA
14 April 2015 at 15:21
Clarification needed in respect of allotment of PAN in the name of executor of a registered WILL. Fact of the case:-
Mr. A executed a registered WILL giving all his assets to his four childrens.
In the registered WILL. He made Executor of the WILL to his brother till the date childrens attend majority as at the time of death as well as till date all the four childrens are minor.
And also the income arising out of the deceased estate and the tax is to be paid by the executor till the date younger son attains majority. In the system we are unable to file any provision for allotment of PAN in the name of executor or (Representative Assesses) Please clarify us.
Thanks & Regards
sureshkumargoyal
14 April 2015 at 11:38
A NRI now living in USA owning a plot of land in Kolkata and now he wants to sell the plot and I am the prospective buyer of the plot. Is any permission from any IT or RBI authorities required by him or by us before registration of the plot.
What will be our liabilities regarding purchase of the land from a NRI.
KRISHNA KUMAR
11 April 2015 at 14:23
We are providing transit mixer on monthly basis to a firm executing Delhi Metro Rail Project Corridor
Is Service tax applicable or not?
KRISHNA KUMAR
11 April 2015 at 14:14
We are providing Transit Mixers on monthly hire basis to a firm executing Delhi Metro Rail Project Corridor
Is service tax applicable or not?
Supplier name on c form
We have issued a C Form to our supplier, but while application made we have mention our supplier Name ABC insted of ABC(unit of DEF), can this C Form required amendment for short name on C Form (TIN No of Supplier is correct). Plz help in this matter.