Latest Answers (47,183)
 | Will i have to pay tax in following condition :Sir, I am planning to make a purchase of less than 1lac in a day from a small time dealer who claims to have annual turnover of less than 10lacs, thus is liable to tax... Answered by Shiv Kumar Agarwal 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 Vijay N. Kale 9 years ago |
| Tax on Internet serviceHi, we will be providing Internet cloud based service (software and storage as a service) to our customer. The customer data will be stored on a server in US (we will pay a... Answered by Vijay N. Kale 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 Vijay N. Kale 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 Vijay N. Kale 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 Shiv Kumar Agarwal 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 Monil Shah 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 Monil Shah 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 Monil Shah 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 Vijay Kapoor 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 Shiv Kumar Agarwal 9 years ago |
| VAT for reselling electronicHi, I plan to buy thermal cameras from an authorized distributor in Bangalore and resell in Bangalore. Do we need to collect VAT from customer and what rate? Also, do I collect... Answered by Shiv Kumar Agarwal 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 Prakash Sinha 9 years ago |
| Making purchase of more than 1 lacHello I am buying something on bill (by paying sales tax) the total amount of product is less than 1Lac but after sales tax it is exceeding 1L. I will make the payment in cash.... Answered by Anil Bedi 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 Shiv Kumar Agarwal 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 Anil Bedi 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 Vijay N. Kale 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 Shyam Sunder Modani 9 years ago |