Latest Answers (47,185)
 | How to avoid capital gains taxHi Sir/Madam Me and my brother sold a property in April last year(2014). Now I have heard that one must declare in the IT return this year. I have been looking to buy a property... Answered by Shyam Sunder Modani 9 years ago |
| ITR 4 without books of account caseMr. 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... Answered by Shyam Sunder Modani 9 years ago |
| Bank deposit of over 50000Hello 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... Answered by Shyam Sunder Modani 9 years ago |
 | Bank deposit of over 50000Hello 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... Answered by B Vijaya Kumar 9 years ago |
| How to avoid capital gains taxHi Sir/Madam Me and my brother sold a property in April last year(2014). Now I have heard that one must declare in the IT return this year. I have been looking to buy a property... Answered by B Vijaya Kumar 9 years ago |
| EPF withdrawal before 5 yearsHi, I worked in firm from 2010 Jan to 2012 Sep. It has EPF managed by trust. After that I studied from 2012-14 but did not settle my EPF with the company. In 2014, I joined... Answered by B Vijaya Kumar 9 years ago |
| PF under Section 80CI had joined a job in previous financial year and left due to health concern. I had issued form 16 with TDS by employer with 80c exemption provision of PR Rs 52000/=.While I had... Answered by B Vijaya Kumar 9 years ago |
| Sale of agricultural landi sold agriculture land in 2011-12 and the money i received was more than stamp duty valuation of agriculture land and in 2011-12 i deposited whole money(cash) in my saving bank... Answered by B Vijaya Kumar 9 years ago |
| Land compensationI ‘m an NRI.I will be receiving the money from my parents. My parents will be receiving the Land compensation from High court on behalf of Govt of Tamilnadu.The land category is... Answered by B Vijaya Kumar 9 years ago |
| Foreign Account DisclosureI stayed for 143 days in India in last financial year and then came to US as a part of work assignment from my company. Prior to coming here I was in India for more than 5... Answered by B Vijaya Kumar 9 years ago |
| Sale of two propertiesmy 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 Answered by B Vijaya Kumar 9 years ago |
| Tax on NRE deposit interest earned, when in IndiaHi 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... Answered by B Vijaya Kumar 9 years ago |
| Can Capital Gain amount used to buy a vacant land?I am a NRI, A family property (vacant land) was sold and I have got my share. Can I invest the amount in vacant land (plot) to avail tax exemption? Do I have to build a house... Answered by B Vijaya Kumar 9 years ago |
| Whether to pay capital gains tax this yearHello, 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... Answered by B Vijaya Kumar 9 years ago |
| Queries about Income Tax filingI 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... Answered by B Vijaya Kumar 9 years ago |
| Non filing of Income Tax Returns-RegSir, 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... Answered by B Vijaya Kumar 9 years ago |
| Tax on purchase of unlisted shares below nominal valueI 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... Answered by B Vijaya Kumar 9 years ago |
| Tax on purchase of unlisted shares below nominal valueI 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... Answered by B Vijaya Kumar 9 years ago |