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Sam Jose   07 March 2015 at 12:06

Income tax on share of ancestor property

My father wanted to sell his as well as my mother’s property (Mother is no more). We all children (legal heirs) are ready to sign for registration. Do I need to pay Income tax for my share? I wanted to put it in my bank. Please advise.

sumit   06 March 2015 at 19:28

Refund of income tax

One of my friend not received his refund..the problem site showing cheque is return dpt cz of wrong address ..how to get back ?

Praveentristar@gmail.com   06 March 2015 at 16:44

Luxury tax penalty of third party

Dear Sir
I am the owner of hotel in Kochi,i lease the hotel to a third part on monthly rent basis. at that time the intelligence squad enter the hotel and recovered account books and bills. my tenant have no luxury tax registration. the intelligent officer charged a huge penalty of Rs. 2.5 lac and issue the order. unfortunately the tenant cancelled the lease agreement 7 months before. now the intelligence office inform me to pay the penalty otherwise they will do the revenue recovery. pls advise me what i can do for escaping this issue. regards praveen

Anonymous   06 March 2015 at 13:56

Refund

Is there New procedure to get refund ?

harepanjee   05 March 2015 at 20:00

Deposited more than 10 lacs cash in bank

Hi,

A relative of mine who is a farmer sold his ancestral agriculture land to somebody for 70 lacs, that person asked him to take 20 lacs as sale agreement and 50 lacs in cash, this relative with having no knowledge what cash means, deposited the entire 50 lacs in his saving account and later distributed it among his children and kept some for himself. Now some friend of him having done the same thing received an IT notice asking about the source of the cash and to file return. Now this relative of mine is in a fix what to do, please help, how to show the source of this 50 lacs that was deposited in cash within a two-day period in 2012

kishor kr. majumder   05 March 2015 at 19:24

p

profession tax payable to all branches

santosh kumar trivedi   05 March 2015 at 13:07

Filing of itr for nri

I had been in U.S.since jan 2012.Idid not submit ITR for india as my income is below taxation limit of 2 lacs in assessment year 2014.now letter of intimation reminder is has been received to me through email.so is it necessary for me to submit it before 31st mar 2015.i had submitted that my income is below taxation limit in india ti incometax site online.
kindly suggest me,
thank you
sk trivedi
trivedisk1952@gmail.com

Uday Kumar   05 March 2015 at 12:45

Service tax re audit for audited period

Dear Experts,

Kindly advise if Service Tax Department can Re-Audit the Account for a Period they have already audited and finalized/closed with Demand Notice and settled.

Please advise with your expert view please

Best Regards
Uday Kumar

DILIP KUMAR SHARMA   04 March 2015 at 16:18

Demand on late filing and late deposit of tds

I am performing as DDO and got many demands on late filing and short deduction the fault was made by the clerks they have not deducted proper TDS and not presented for the submission of the same.
Further I inform the matter to registrar and director they have denied to deposit the amount and blamed me that its all my fault.
I just wanted to know what may be the consequences for me. I am a diabetic and have hypertension due to these demands I have suffering with deep depression.

Pran   04 March 2015 at 12:47

Current assessment year...

Respected Sir/Madam,

I will be submitting the Form-15G in Bank this month, but I don't know the present assessment year.

I asked couple of persons but everybody is giving different answers, hence I am confused too.

Please, tell me the exact assessment year which I should write in the Form-15G and also the previous assessment year.

Thanx in advance.