Latest Answers (47,185)
 | 2nd Home Tax PlanningBackground: Have one home in my name for which no dues are pending. Bought 2nd home in joint name with my spouse with joint housing loan. We both are employed, with my tax... Answered by Shyam Sunder Modani 9 years ago |
| Tax is payable if person got a salary n pension money via courtRespected Sir, My father is ex army man. He won the Promotion case after 32 years against govt. Of India and his Regiment Jat centre bareilly. Arms force tribunal lucknow... Answered by Shyam Sunder Modani 9 years ago |
| Incorrect pan updated in bank account - repercussionsHi, I always appreciate the help provided here. I have a query regarding the income from other sources(bank FDs). I have a salary account with a private bank. I gave my PAN... Answered by Shyam Sunder Modani 9 years ago |
| Partner retried with no cash as per current market value of assetProperty purchase as on 1988, a mumbai based register partnership firm having four partners, about 27000 sq. mtr. land they purchase in mumbai suburb Rs. 3 lac, and yr. 2009 two... Answered by Shyam Sunder Modani 9 years ago |
| Sale of jewellery of marriage (tax planning)Hi Sir, My aunt did expired and now the jewellery (from marriage 1967) needs to be sold off. How tax liability can be avoided or reduced ? She used to file return within... Answered by Shyam Sunder Modani 9 years ago |
 | Incorrect pan updated in bank account - repercussionsHi, I always appreciate the help provided here. I have a query regarding the income from other sources(bank FDs). I have a salary account with a private bank. I gave my PAN... Answered by Vijay N. Kale 9 years ago |
| Tax is payable if person got a salary n pension money via courtRespected Sir, My father is ex army man. He won the Promotion case after 32 years against govt. Of India and his Regiment Jat centre bareilly. Arms force tribunal lucknow... Answered by Vijay N. Kale 9 years ago |
| 2nd Home Tax PlanningBackground: Have one home in my name for which no dues are pending. Bought 2nd home in joint name with my spouse with joint housing loan. We both are employed, with my tax... Answered by Vijay N. Kale 9 years ago |
| Capital Gains Tax on RSUs on stocks listed in USHi. I was previously employed at EA Games India, Hyderabad where I received 50 RSUs of Electronic Arts Inc. NASDAQ: EA. I have an account in www.etrade.com where I manage the... Answered by Vijay N. Kale 9 years ago |
 | Gift tax scenarioDear Vijay N.Kale Just to follow my query , my daughter is major , studying and not earning at present . So if I transfer funds to her account as gift then the interest income... Answered by Sagar Jayawant 9 years ago |
| Resident status - RNORDear Sir, My status is NRI . I left India in Feb 2007 and will be finally returning to India in Oct 2015 . During all these years my stay in India in each FY was approx 80 days... Answered by Sagar Jayawant 9 years ago |
| Resident status - RNORDear Sir, My status is NRI . I left India in Feb 2007 and will be finally returning to India in Oct 2015 . During all these years my stay in India in each FY was approx 80 days... Answered by Vijay N. Kale 9 years ago |
| Change of status NRI to Resident - taxDear Sir, My status is NRI . I left India in Feb 2007 and will be finally returning to India in Oct 2015 . During all these years my stay in India in each FY was approx 80 days... Answered by Vijay N. Kale 9 years ago |
| Change of status NRI to Resident - taxDear Sir, My status is NRI . I left India in Feb 2007 and will be finally returning to India in Oct 2015 . During all these years my stay in India in each FY was approx 80 days... Answered by Vijay N. Kale 9 years ago |
| NRE FD - continuity and tax senario on change of statusDear Sir I have booked NRE FD for 8 yrs and my status will change to Resident after two years . Will this NRE FD will continue for the remains period of 6 years on contracted... Answered by Vijay N. Kale 9 years ago |
| Long term capital loss in sharesI have a share portfolio of about 10 lakhs. Shares were purchased in 2010. Unrealized loss is 4 lakhs. I would like to understand what I can do to offset my losses : 1) Can I do... Answered by Vijay N. Kale 9 years ago |
| Gift tax scenarioDear Vijay N.Kale Just to follow my query , my daughter is major , studying and not earning at present . So if I transfer funds to her account as gift then the interest income... Answered by Vijay N. Kale 9 years ago |
| Change of status NRI to Resident - taxDear Sir, My status is NRI . I left India in Feb 2007 and will be finally returning to India in Oct 2015 . During all these years my stay in India in each FY was approx 80 days... Answered by Sagar Jayawant 9 years ago |