Answers on Indian Income Tax

	How to save Unused HRA exemption Dear, I am drawing Rs. 35000/- in HRA which is 50% of my Basic pay. Since the HRA exemption goes unused as i am paying monthly rent only Rs. 12500/-. My Father is 80 Years old... Answered by Shyam Sunder Modani 10 years ago
	Nre account Hi there, I live overseas from last 3-4 years. I just wanted to know do I need to open NRE account in India if I want to transfer money from overseas? What will happen if I dont... Answered by Prakash Sinha 10 years ago
	TIme to submit Tax Residency Certificate Under sub-section (5) of section 90 and sub-section (5) of section 90A of the Income-tax Act, 1961 Tax Residency Certificate and form 10F has to be submitted by Non Resident for... Answered by Prakash Sinha 10 years ago
	TIme to submit Tax Residency Certificate Under sub-section (5) of section 90 and sub-section (5) of section 90A of the Income-tax Act, 1961 Tax Residency Certificate and form 10F has to be submitted by Non Resident for... Answered by Shyam Sunder Modani 10 years ago
	Nre account Hi there, I live overseas from last 3-4 years. I just wanted to know do I need to open NRE account in India if I want to transfer money from overseas? What will happen if I dont... Answered by Shyam Sunder Modani 10 years ago
	Question on Bitcoins Hello, I would like to know: 1. Whether trading in Bitcoins is legal in India? 2. How would the profits through this be handled in the tax filing? 3. Similar to Bitcoins, how... Answered by Shyam Sunder Modani 10 years ago
	FEMA compliance Our Co. (PVT LTD) is working as online seller of various goods. Now, we are expanding our sales to overseas buyers/ we are entering into export of our goods. What compliances... Answered by B Vijaya Kumar 10 years ago
	Capital gain Is there any way to adjust long term capital loss with short term capital gain of same year? While section 70(3) restricts such adjustment, but is there any escape route? Any... Answered by B Vijaya Kumar 10 years ago
	Question on Bitcoins Hello, I would like to know: 1. Whether trading in Bitcoins is legal in India? 2. How would the profits through this be handled in the tax filing? 3. Similar to Bitcoins, how... Answered by B Vijaya Kumar 10 years ago
	Will money deposited in bank a/c will come under cash transaction I am planning to sale my ancestral rural agricultural land. As far I know selling price of such land would be exempted from Income tax. If I ask buyer of my agricultural land to... Answered by B Vijaya Kumar 10 years ago
	Will money deposited in bank a/c will come under cash transaction I am planning to sale my ancestral rural agricultural land. As far I know selling price of such land would be exempted from Income tax. If I ask buyer of my agricultural land to... Answered by Rajeev P T 10 years ago
	Will money deposited in bank a/c will come under cash transaction I am planning to sale my ancestral rural agricultural land. As far I know selling price of such land would be exempted from Income tax. If I ask buyer of my agricultural land to... Answered by Shyam Sunder Modani 10 years ago
	Will money deposited in bank a/c will come under cash transaction I am planning to sale my ancestral rural agricultural land. As far I know selling price of such land would be exempted from Income tax. If I ask buyer of my agricultural land to... Answered by Vijay N. Kale 10 years ago
	Question on Bitcoins Hello, I would like to know: 1. Whether trading in Bitcoins is legal in India? 2. How would the profits through this be handled in the tax filing? 3. Similar to Bitcoins, how... Answered by Vijay N. Kale 10 years ago
	Will money deposited in bank a/c will come under cash transaction I am planning to sale my ancestral rural agricultural land. As far I know selling price of such land would be exempted from Income tax. If I ask buyer of my agricultural land to... Answered by Shiv Kumar Agarwal 10 years ago
	Capital gain Is there any way to adjust long term capital loss with short term capital gain of same year? While section 70(3) restricts such adjustment, but is there any escape route? Any... Answered by Monil Shah 10 years ago
	Will money deposited in bank a/c will come under cash transaction I am planning to sale my ancestral rural agricultural land. As far I know selling price of such land would be exempted from Income tax. If I ask buyer of my agricultural land to... Answered by Monil Shah 10 years ago
	Will money deposited in bank a/c will come under cash transaction I am planning to sale my ancestral rural agricultural land. As far I know selling price of such land would be exempted from Income tax. If I ask buyer of my agricultural land to... Answered by Vijay Kapoor 10 years ago

Answers on Income Tax (25,617)