Latest Answers (47,183)
 | Gift taxDo I need to give any gift tax for amount Rs. 5Lakhs received from my parents? If so how much. I am an unemployed house wife... Answered by B S Sridhar 9 years ago |
| TIN no for firm vs individualSirs, I want to know the benefits of taking TIN no in company firm vs individual. My total turn over is 20 lakhs per year. Which one is better for me now? I am having a tin in... Answered by B S Sridhar 9 years ago |
| Which type of service do I fall in if I deal in designing websiteI'm going to start a sole proprietorship firm. I will go for service tax registration because first I will provide services like website designing, website developing, graphic... Answered by B S Sridhar 9 years ago |
| Long term capital gains taxWe have a property area 50 cents, the property is in my mothers name. This property was purchased 15 years back. Initially we were told that once she sells the plot and buys a... Answered by B S Sridhar 9 years ago |
| Interest on FDI have FD in bank of 100000 Rs. of interst of 7.75% PA.My question is interest paid by bank is taxable or what is the amount exemption from tax in FD. Give your replay. Answered by B S Sridhar 9 years ago |
 | Ownership of property for income tax analysis1) The agreement to sale of a property (agriculture land situated in urban area) is in the name of husband but the General Power Of Attorney (GPA) is in the name of his wife.... Answered by Hardik Vora 9 years ago |
| Attachment of account under section 143(3) of Income Tax ActRequest clarification on the below :- Can an IT officer attach bank accounts (saving accounts/term deposits) of an individual when proceedings are on under 143(3) of the Income... Answered by Hardik Vora 9 years ago |
 | Payment of VATI purchased flat in thergaon, chinchwad, pune area on 20-Oct-2012 (date of sale deed) in resale. The then owner had booked the flat in Oct or Nov 2009. After possession of the... Answered by Swapnil Patil 9 years ago |
| Long term capital gains taxWe have a property area 50 cents, the property is in my mothers name. This property was purchased 15 years back. Initially we were told that once she sells the plot and buys a... Answered by Swapnil Patil 9 years ago |
 | Nature of capital gain short term or long termMy father had booked a flat tunder lottery system at Kolkata in the year 2008 and has been received the Provisional allotment in the same year. However Flat was ready for... Answered by Prakash Sinha 9 years ago |
| Sale of propertyPlease can you advise tax planning if I sell my property in mumbai for 3.75 crore. I have 50 lakhs reverse mortgage with bank. Is this tax deductible? My mother is 72 years old... Answered by Prakash Sinha 9 years ago |
| Property possession delayed by 3 yearsI have booked a flat in dec 2009, it was to be delivered in dec 2012-march 2013 but possession completed in may 2015. I have a loan from may 2010 and Pre-EMI (interest portion... Answered by Prakash Sinha 9 years ago |
| Taxes that need to be paid by an e-commerce company in IndiaDear Sir/Madam, We are going to start an e-commerce company in Chennai. We will sell the products of our vendors through our website and take a commission of 10-20% of the... Answered by Prakash Sinha 9 years ago |
| Service tax on society formationI had purchased flat a year back in Mumbai and for which i am getting possession now. OC and society formation can be expected in a period of another 6 months to 1 year. Builder... Answered by Prakash Sinha 9 years ago |
| TIN no for firm vs individualSirs, I want to know the benefits of taking TIN no in company firm vs individual. My total turn over is 20 lakhs per year. Which one is better for me now? I am having a tin in... Answered by Prakash Sinha 9 years ago |
| Which type of service do I fall in if I deal in designing websiteI'm going to start a sole proprietorship firm. I will go for service tax registration because first I will provide services like website designing, website developing, graphic... Answered by Prakash Sinha 9 years ago |
 | Taxes that need to be paid by an e-commerce company in IndiaDear Sir/Madam, We are going to start an e-commerce company in Chennai. We will sell the products of our vendors through our website and take a commission of 10-20% of the... Answered by Shyam Sunder Modani 9 years ago |
| TIN no for firm vs individualSirs, I want to know the benefits of taking TIN no in company firm vs individual. My total turn over is 20 lakhs per year. Which one is better for me now? I am having a tin in... Answered by Shyam Sunder Modani 9 years ago |