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Hi, would like to know if it is necessary to show the share trading income as business income and preparing balance sheet and P&L while filing returns from A.Y 15-16 My dad is a...

Should I charge service tax?

Sir, I made term deposit in wife name with money earned with combined efforts (70:30 ratio) and submitted form 15G and forgot to include interest of it in my IT return submitted...

Mr. X had professional income of 7L in FY14-15 but has not maintained books of accounts for that year. In last FY 12-13 & 13-14 he filed ITR 4s for his another business income...

Hello sir, if I deposit in the bank Rs. 50000 exactly from my savings, and I have no other source of income as I am a student, do I need to file any income tax form? As my PAN...

Hi I am Indian Resident and i want to open LLC in USA, also bank account in USA for my LLC. I want to know am i allowed to do that ? There is no tax in USA for Non US resident...

Hi I am Indian Resident and i want to open LLC in USA, also bank account in USA for my LLC. I want to know am i allowed to do that ? There is no tax in USA for Non US resident...

Hi I am Indian Resident and i want to open LLC in USA, also bank account in USA for my LLC. I want to know am i allowed to do that ? There is no tax in USA for Non US resident...

I have purchased 50000 shares from a private limited company at a discounted price of Rs.14 per share in March 2015. On 31st March, 2015, as per company valuation, the book...

I have purchased 50000 shares from a private limited company at a discounted price of Rs.14 per share in March 2015. On 31st March, 2015, as per company valuation, the book...

Sir, My agricultural land was acquired forcibly by Govt of Haryana. I got the cheque for the amount from district revenue officer. This cheque was deposited in HDFC bank. After...

section 234 B says /*** You need to pay at least 90% of your total assessed tax before 31st March to avoid interest. No interest is applicable if the outstanding tax amount is...

Hi, I worked as contracter from Feb 8, 2013 to July 2, 2014 in the field of medical writing for a US based MNC (an Agency), but got paid through their Inidan parter in INR....

Hi, I work in a software company. They have given me form 16. I also earn from tutions. Can i show that tution income while filing income tax. If yes, in which section??

I am director of a pvt company and receives professional fees from company u/s 194J. The company has paid 2.5L in FY 14-15 and remaining 3.5L is pending to be paid. The company...

Hello, I had purchased an apartment in Dec 2003 at Rs 23.5 lakhs and then sold the same in Aug 2014 at Rs 85.5 lakhs. The apartment is in Bangalore. In Janurary 2014 I booked...

Hi all, I am a foreign passport and India OCI card holder. I have deposits in my NRE account, the interest earned on which is tax free in India. My question is: If I move to...

my friend has 3 flats , he wants to sell 2 out of 3 flats and buy 1 new and so end of the deal he will have 2 flats. how capital gain methodology will work