Can my blood brother give gift by cheque to my son and if yes under what section of IT tax .
Sir,
I am owner of a house by way of vasiyat of my parent and now I want to sell that property.I want to know
Will I have to pay long term capital gain tax?
Please tell the rules of tax my case.
Sir,
I want to sell my house, Please advice me whether I sell it on or before 31Mar.2016 or after 31Mar.2016 to avail maximum time to purchase the new property without any pressure of Long Term Capital Gain tax.
Please anybody say the Procedure of sec. 119(2)(b) of filing Return.Please provide a sample of application of Sec 119(2)(b) for getting I.T. Refund of A.Y. 2013-14.
how jurisdiction of income tax can be changed Please anyone answer this question.
One of my client a gift of land property received from her father in 8 years ago.She forget to show that land property. The deed value of the land is 8 lakh and the Market value on the recent date is 35 Lakh. Now my question is how this land property can be shown in income tax file because her old IT return had been submitted. Please answer anyone of my question. My second question is if she purchased land property in the year 2010 and not shown in it file. Now how she show this land property in current financial year.
One of my client had been online submitted I. T. Return A.Y.-2013-14 in ITR-4 on Dtd. 14.09.2013 in wrong jurisdiction.The return is fully defected. My client is a mechanic of maruti. He working as a contractor and a number of mechanic working under his supervision. He receives money in u/s 194C and TDS deposited according to. Now the above said In A.Y.-2013-14 a it return is deposited on dtd. 14.09.2013, All the figure in the return ie. s/debtors, s/creditors, cash in hand , Net profit etc. is wrong mentioned.The Return shows that there was a 16920/- tax and no self assessment tax paid against it. A notice u/s 139(9) of IT Act 1961 received on dtd. 13/12/2013 in annexure-A from the local income tax office. The client not replied against it., Thereafter ITR-V send afrer sign and received by cpc Bangaluru after due time. There was no notice no. mentioned in the notice.After telephonic conversation from CPC it is known that the Return will not process as it is received after due time.Now if I put all the correct figure in I.T. return then there will be refund in A.Y.-2013-14. I want to get refund after putting all the correct figure in the I.T, Return in A.Y.-2013-14. Now what to do for filling correct return and to get refund. Please anybody help me in this matter.
From
Santosh Sharma
Jamuria, Asansol
West Bengal
An Assesse,Co.Operative Housing Society (non trading association) has received interest income from bank more than Rs.10,000/-. Current financial year is first financial year of this society. Now it has no any taxable income of this year. Should Society given a TDS form no. 15-G & 15-H to the bank.?
Hi
I just registered a firm (apparel Business) and am planning to sell products online. Most of the websites mentions that we need to have a VAT / CST to sell products. While registering the business we have received the TIN Number . Can I sell products with TIN Number . Is it the same as VAT/CST or do I need to apply for VAT/CST separate.
Please advice
Regards
Nick
gift tax exemption
Sir,madam
Under fathers brother category
Own nephew gift to uncle is it valid .
Thanks