Latest Answers (47,415)
 | 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 Shyam Sunder Modani 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 Shyam Sunder Modani 9 years ago |
| Showing side income other than form 16Hi, 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?? Answered by Shyam Sunder Modani 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 Shyam Sunder Modani 9 years ago |
| Default in payment of advance tax (Under Section 234B)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... Answered by Shyam Sunder Modani 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 Shyam Sunder Modani 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 Shyam Sunder Modani 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 Shyam Sunder Modani 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 Shashank Surana 9 years ago |
| Showing side income other than form 16Hi, 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?? Answered by Shashank Surana 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 Shashank Surana 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 Shashank Surana 9 years ago |
 | Showing side income other than form 16Hi, 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?? Answered by B Vijaya Kumar 9 years ago |
| Default in payment of advance tax (Under Section 234B)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... 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 Vijay N. Kale 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 Vijay N. Kale 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 Shyam Sunder Modani 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 Shyam Sunder Modani 9 years ago |