Latest Answers (47,183)
 | How to save Unused HRA exemptionDear, 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 9 years ago |
 | Nre accountHi 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 9 years ago |
| TIme to submit Tax Residency CertificateUnder 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 9 years ago |
| TIme to submit Tax Residency CertificateUnder 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 9 years ago |
| Nre accountHi 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 9 years ago |
| Capital gain tax on gold jewellery if bought in return of goldDear CAs, We we buy a new gold jewellery in return of old gold remained in family for decades, do we have to pay capitak gain tax on the return value of the gold inspite of the... Answered by Shyam Sunder Modani 9 years ago |
| Question on BitcoinsHello, 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 9 years ago |
 | Capital gains taxAnother question is that my father in law inherit his property from his father.His father alloted property in adjoin mood half to his brother half to my father in law.later my... Answered by B Vijaya Kumar 9 years ago |
| FEMA complianceOur 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 9 years ago |
| Section 50c of the Income Tax Actsir my father in law received a notice regarding query letter of application of section 50c of the income tax act 1961.this notice say tht the property we sold is lower than the... Answered by B Vijaya Kumar 9 years ago |
| Valuation report and exemption in capital gaindear sir I have purchased a commercial land and building in 2010 rs.5 lac,which was sold in 9 lacs in 2012.the state valuation authority deemed valuation was 15 lacs. sir I... Answered by B Vijaya Kumar 9 years ago |
| Capital gainIs 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 9 years ago |
| Market valueDear sir I am an Nri, can I sell my property if property is not getting sold at market value,and is it o.k with tax office Answered by B Vijaya Kumar 9 years ago |
| Question on BitcoinsHello, 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 9 years ago |
| Will money deposited in bank a/c will come under cash transactionI 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 9 years ago |
 | Will money deposited in bank a/c will come under cash transactionI 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 9 years ago |
| Market valueDear sir I am an Nri, can I sell my property if property is not getting sold at market value,and is it o.k with tax office Answered by Shyam Sunder Modani 9 years ago |
| Will money deposited in bank a/c will come under cash transactionI 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 9 years ago |