Whether two adjacent flats can be regarded as “One ” house property
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Query 1] A small query related with the words “One House”, “One Flat “. Is there any restriction regarding…
Tax Planning
Categorisation of shares income decides its tax ability
Query 1] I have a query regarding capital gain on agriculture land which is away from city, is in the…
Keep proper records & documents of expenditure incurred on property for claiming deduction
Query 1] I am a middle level person employed in a private firm and filing my IT Return for the…
NRI can continue their PPF account opened when they were Resident
Query 1] My son is working in a US firm since Nov 2015.Hence he has completed more than 180 days…
Issues in Capital gain taxation
Query 1] In Hyderabad, I had my only a residential house. Three year back, I had sold my residential house…
How to invest in National Pension Scheme (NPS)
Query 1] Sir, if a person is earning annual income (from salary or business) of Rs. 5 Lakh and if…
Seller should obtain PAN if bill amount exceeds Rs. 2 Lakh
Query 1] Please give some light on Notification No. S.O. 3545(e) on reporting in AIR by audited concerns. Issue is,…
Claim income tax refund for the last 6 years or carry forward the loss even if return is not filed
Query 1] I want to file return for AY 13-14 and 14-15 in Aug 2016. (Belated return date for FY14-15…
Taxpayers are entitled to get interest on income tax refund
Query 1] I have speedily received my income tax refund for the AY 2016-17. However, refund received was of the…
Sukanya Samriddhi Account: New scheme for a Girl Child In India
Query 1] I have some queries regarding Sukanya Samriddhi Yojna (SSY). I have opened it in the month of March-2015 an…
Gold ETF: An Investment option for investing in gold
Query 1] I have following enquiry. Please advise me for tax purpose: What is the difference in taxability when gold…
Pay as you earn – Advance Tax
Query 1] After having calculated the expected income for the financial year 2015-2016 (Assessment Year 2016-2017), there was a need…
Capital gain on transaction by Power of Attorney (POA)
Power of Attorney Query 1] Someone is having 1 flat at Kolkata. He wants buy to another flat at Nagpur.…
Medical expenses offers tax benefit
First Part: I have been told that deduction is available for the expenses incurred on the medical treatment of…
Save additional tax by investing in NPS
Query 1] My parents joint holder of residential house sold property in February 2016. LTCG was 5 Lakh each. My…
Disclose exempt income while filing ITR
Query 1] Part-I] It’s time to submit ITR. I have read in some IT related articles that tax free…
Residential status vs. Taxability of Income
Query 1] My friend’s son stays in Australia and sends money occasionally to him for maintenance. My friend is a…
Joint development agreement & capital gain tax
Query 1] I am having some queries regarding capital gain tax, as under: My father had purchased one lease hold…
