Dinesh SINGH
17 November 2015 at 12:35
I was working as sales head in mnc but due ti some reasons got terminated on 30 th july 2014 and the company were to settle my account immediate but they did not now they have agreed to pay FNF of 5.30 lacs which is a sum of :
1. July salary.
2. Two month notice period amount.
3. Bonus of 6000
4. Earned leaves
5. Performance paynof 1.6 lacs
Now there accounts department when vross questioned why they are implying income tax hecsaid since it is being settled this year so you have to pay tax.
Kindly help on urgent basis .
Regards
Dinesh
sobhit
16 November 2015 at 10:36
Sir
My father has a parental house . After my grand father death. It came in the name of my chcha and my father.now we selling it. So what will be the capital gain or tax on the money . Is this can be free from tax . How to do it all options plz help.
s.krishnan kutty
14 November 2015 at 14:59
dEAR COLLEAGUES
MY CLIENT AFTER OPTING FOR VCES PAID 75% TAX BEFORE JUNE 2014.DUE TO PAUCITY OF FUNDS PAID BALANCE 25% ON 10-11-2015.HE WAS NOT SERVED VCES 2.WHAT ARE THE CONSEQUENCES.
SUBHASH SHARMA
14 November 2015 at 12:43
A HAS EXECUTED A GPA TO B AGAINST A RESIDENTIAL PROPERTY IN 2014.
B HAS SOLD THE RES PROPERTY TO C IN 2015 AND EXECUTED THE SALE DEED.
MY QUESTION IS :-
ON EXECUTION OF GPA A TO B , A IS LIABLE TO PAY CAPITAL GAIN OR NOT.
ON EXECUTION OF SALE DEED BY B TO C , WHO HAS IS LIABLE TO PAY CAPITAL GAIN A OR B, SINCE B WAS GPA HOLDER OF A IN THIS CASE.
Ravindra Pande
14 November 2015 at 11:50
Pl clarify what falls under free of tax liablity.
1. Nephew gifting 10 lacs to aunt (wife of father's brother)
2. Daughter gifting 5 lacs to father.
3. Can a property be gifted?
4. Is there any limit to the amount of gift.
5. Any documentation required?
sobhit
13 November 2015 at 15:00
Sir
My grand father has an house 30year old. Now he died and the is came in the name of my father and grand mother and chacha. Now we are selling this house. What is now capital gain. What istax applicable on it. How to save the tax. Is my father can give the ant in my house loan..whole process of account opening in bank and alll .. Plz tell
Rohit
13 November 2015 at 12:04
I would like to know process of complete partition of a HUF.
All I know is :-
1. make an agreement among members of HUF regarding partition and share of partition as decided by karta.
2. Trnasfer deeds of respective movable and immovable properties in respective names.
I want to what about the cash in HUF. Should it be transferred cash or through banking channels.
Also, What should be intimated to Assessing officer regarding full partition of HUF.
when should the PAN number be surrendered. There are no Assessement proceedings pending.
suggestions will be very much helpful.
Also, Is there any book for practical approach to HUFs.
Regards.
Maheshvjti
12 November 2015 at 00:23
Dear all,
Happy DIWALI to you and your family.
I need your expert opinion for consideration of rental income for Taxation. I have purchased home in Navi Mumbai and I have taken home loan from SBI. I have mentioned my wife as a co owner in the registration document of home but I have taken home loan on my name as my wife is house wife.
Now I am planning to rent my home and planning to make lease agreement between my wife and tenant. If so is it possible to show rental income as my wife's income?or as I am paying EMI of home loan, it will be considered as my income? I am availing tax benefits on home loan EMI.
Maheshvjti
12 November 2015 at 00:19
Dear all,
Happy DIWALI to you and your family.
VHI need your expert opinion for consideration of rental income for Taxation. I have purchased home in Navi Mumbai and I have taken home loan from SBI. I have mentioned my wife as a co owner in the registration document of home but I have taken home loan on my name as my wife is house wife.
Now I am planning to rent my home and planning to make lease agreement between my wife and tenant. If so is it possible to show rental income as my wife's income?or as I am paying EMI of home loan, it will be considered as my income? I am availing tax benefits on home loan EMI.
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