Mrunmai Deshpande
08 February 2016 at 19:05
I want to gift some money by cheque to my earning son. Has there to be an occasion to give this gift? Can I not give this gift without any occasion? Please advise.
ashis talukder
08 February 2016 at 12:19
"A" - a salaried person having net Taxable Income Rs.4,25,000/- p.a. purchased a flat in Kolkata for Rs.12,00,000/- (original transaction value) on April 2015, but stamp duty was paid on Govt.Value of Rs.20,00,000/- at d time of Registration (i.e. April 2015), agreement was made before 3 yrs. Would u plz guide is there is any Tax liability?How much?What will b d procedure?Is d new sec 56(2)(vii)-INCOME FROM OTHER SOURCES is applicable? Thnx. Regds.Ashis.
vipul
08 February 2016 at 00:19
I have joined a sole proprietorship. I have to give salary bifurcation . One of our employee is getting 35000/- per month and i gave following bifurcation.
Basic 50% = 17500
DA 10% = 3500
HRA 40% of basic + DA = 8400
Transport Allowance = 1600
Children Education Allowance = 200
Special Allowance = 3800
Actually I had bifurcate 35000/- as on random basis.
My question is whether this %age is correct or i have to follow some fixed %age if any recommended by Act....??
Monesh Agrawal
07 February 2016 at 15:06
Sir
mera return timely deposit hai uske baad bhi mujhe ek notice received hua tha return submit nhi hai ka jiska jawab maine department ko de diya tha uske baad bhi mujhe ex-party order u/s 54(1)(1b) mila hai is related jb main Asstt commissioner se mila to unhone mujhse kaha ki u/s 31 me application dene ko .... So plz u/s 31 me kya application dena hai mujhe suggest kre agar iska format ho to plz provide karaye...
thanx
Rajeev1978
06 February 2016 at 17:24
What will be the tax implication in sale of a plot of land around 35 lakhs for a , house wife & senior citizen (around 65 yrs)who is a pensioner, drawing the pension of her late husband to the tune of 1,80,000 (p.a.),which she later wants to invest in a commercial property in a years time ?
ashis talukder
06 February 2016 at 17:21
"A" salaried person from Kolkata,after all deduction net taxable income Rs.425000/-have purchased a flat on April 2015 for a transaction value of Rs.1200000/-(Reg.Value Rs.2000000/-on which stamp duty+fees paid),Plz guide whether "A"have to pay any tax?What to do/procedure to follow.Thnx.
Is there any effect of the above mentioned new section? & how much?
pradeep
06 February 2016 at 12:59
I have received first summons under 108 customs act to give evidence and record statement but I am working out of country and is not possible to come now.what should I do? what is the procedure?
pradeep
05 February 2016 at 00:39
I have received a first summons under 108 customs act to appear for witness. but I am working out of country and is not possible to get leave.what should I do? what is the legal recourse for me?
Ramesh Baliram Lute
04 February 2016 at 20:50
Nowadays bank not accept multiple challan in single day, having same TAN No, Assessment year , Minor head, Nature Of payment etc., as advise by CBDT Audit Deptt. Is there any Govt/RBI Notification in this regards. Kindly advise.
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Non payment of T.D.S. by the tenant
We had let out a commercial property to a partnership firm based in Kolkatta. After staying for 2 years they stopped paying rent and requested us to adjust the same against security deposit since the business was down. They promised to pay TDS and future rent if things improved. But things couldn't improve and the tenant vacated without informing us and did not deposit TDS for the financial year 2012 - 2013. Since it is the responsibility of the tenant and Income Tax deptt. has raised the demand on us how can we recover TDS from tenants to be able to file I.Tax return. We have informed tax authorities at Kolkatta and Delhi but to no avail. Kindlh advise what is the course of action we can take.