pratyu
01 February 2016 at 11:01
sir
my son sent money to my savings account in india from usa for our personal use.i made fixed deposit by saving money sent to me in my name for rs 2000000 and have filed tax return through bank .my question is will my son be charged income tax on this amount as well,he is paying tax in usa and is sending part of his earnings home,is my son liable for income tax on savings done by us or on the interest we receive on it.is this included as his income and should he file returns as well.please kindly inform.
santosh
30 January 2016 at 20:58
One of My Client has a Commissin from LIC. He has LIC Commission Certificate for A.Y.-2008-09. The Pan No. is not Mentioned in Lic Commission certificate. He submitted I.T. Return A.Y.-2008-09 mannually and claim for Return 17000/-. But till now he did not got Refund. Please answer anybody how refund can receive for A.Y.-2008-09.
Mrunmai Deshpande
30 January 2016 at 18:16
Sir – After putting 1.5 lacs in my PPF Account if I put some amount in my son’s PPF A/c will my son get tax exemption benefit? My son is also employed in a multinational company in India.
bhaskararao donepudi
29 January 2016 at 13:26
sir
A,B, & C sold an agricultural land with in municipality limits, in 2007,on GPA basis to X & Y amount of Rs 15.00lakhs(full consideration received), in 2010 the registration regularized by them with cost 15.00lakhs, but stamp duty paid on of Rs 35.00lakhs, because of value of property hiked by State Govt, but ITO objection its not Agricultural land, capital gain tax imposed on 35.00 lakhs,should liable in this and its capital asset, but still today cultivation is running on this land, so I request A,B, & c has tax liability or not,
bhaskararao donepudi
27 January 2016 at 18:31
sir
Income tax act section 50c is exempted on sale of Agricultural land or not. please clarify if not apply ,refer case please,
thanking you
P.SHANMUGASUNDARAM
27 January 2016 at 18:06
One of my Client A got married with B. The A and B got a male child C. After birth of C, the B has expired. The A has again married D after death of B. Then A and D got female child E. Now the children are adults. The C - brother wants to give a Gift of Rs.3,00,000/- to E - sister. Even though the C is a brother of E, they have different parents, only the father is same but the mother is different. Let me know whether the Gift given by brother-C to his sister-E is exempt u/s 56 2(vi) or is it taxable in the hands of E as GIFT not received from specified relative. Kindly clarify
4123320
26 January 2016 at 18:13
Hi,
I am Aasheesh Sharma residing in Thane and have a 2BHK apartment for which I received the possession in January 2008 after paying the demanded Corpus fund and obtaining the possession letter.
I later received 2 letters from builders via courier in August and December 2012 demanding VAT charges amounting to Rs 1.24 lacs which I did not acknowledge in view of ambiguity associated with payment of VAT charges.
I have now all of a sudden received court notice from my builder demanding VAT amount of 1.82 lacs (inclusive of interest). I have read few forums on the internet which states that VAT liabiloity is on builder following to Supreme Court ruling.
I am annexing the required document which confirms demand of VAT.
Can you please review this and advise if I am liable to pay VAT to the builder? Why did the builder not demand VAT between 2012 and now?
Rucha Pawar
26 January 2016 at 12:37
Dear Sir(s),
we are a company, For one award Ceremony we paid participation fees plus service tax, which was not due, the Organizer collected service tax amount from us, without having any valid registration for the same, now only they realize after one and half year , and when we claimed the amount paid as service tax, not due , they are giving several excuses for non -payment and avoiding it, we have sent a notice to recover it, under IPC 420,
Do we have other option also to recover our amount, like intimate to Commissioner of Central Excise and Service Tax with the evidence for proper legal action, we have only account entry for the payment, they have not issued us invoice, in spite of demanding several times.
We have email correspondence for the same .
Kindly help us
Neeraj Jha
25 January 2016 at 14:58
Dear Experts,
A government employee shows the rent receipts of own made while he has house on his name in the city where he works therefore I have to lodge a complaint against him because he is misusing the Income tax exemptions.
Please let me know the procedure of this type of Income tax complaint and what act applies on him.
I have his PAN number and proof of his property.
Thanks in advance.
Sonu
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Practice of an advocate in taxation field
Hi
I have some questions about practice of an advocate in taxation:-
1) Can an advocate hold his certificate of enrollment or practice if he practices only in taxation field? i.e. what if an advocate don't practices in court and only practices in tax?
2) Can he work in a firm/company as a tax associates?
3) Is it necessary to register with Bar Association for an advocate who practice in tax only?
4) If yes then what are the benefits of Bar Association?