ArticleIncome TaxTax PlanningThe PlanningUncategorizedEven cash deposited in new currency is required to be reported in new ITR9 years ago Query 1] I] Last year, I have filed my income tax return in ITR-2A whereas my wife has filed…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedNo Income- No Tax is not the law 9 years agoQuery 1] My client Mrs. V.R. received letter/notice from I.T. Department (compliance management cell) regarding financial transactions done by her…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedTax Relief to the property owners signing Joint Development Agreement9 years agoQuery 1] With reference to recent changes in the budget regarding Capital Gain calculation, I have following query: From which…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedRevision in the base year would result in tax saving9 years agotax saving Query 1] We have and ancestor property in Kolkata. Now we wish to sale our portion to my…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedAll about tax benefit on Education Loan9 years agoQuery 1] One of my friends had taken an education loan in FY 09-10 for MBA & got employed in…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedTax issues in Joint Development agreement signed before 01/04/20179 years agoQuery 1] I had a plot which I gave it to a builder in Joint Venture. Now the builder would…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedUSING THE CONCEPT OF DIVERSION OF INCOME BY OVERRIDING TITLE9 years agoQuery 1] I am a government employee working at Amravati. I have borrowed the loan from state Govt. for purchasing…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedHow to comply with the Non-filers Monitoring System (NMS) notices9 years agoQuery 1] Kindly help me to reply to IT Dept. I got a letter from IT dept for non-Filing of…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedTax deduction on education loan taken for higher studies9 years agoQuery 1] I have the following queries: If interest on education loan is not paid in previous financial year &…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedSecond house property: Income tax without actual income9 years agoQuery 1] The first housing loan has taken by me in year 1994 and I am taking benefit in income…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedIncome tax is not always on real Income9 years agoQuery 1] My nephew is working as a LIC agent for the last ten years In 2011 he has purchased…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedKeep proper records & documents of expenses for claiming deduction9 years agoQuery 1] We are in the process of selling one house, which is in my wife’s name. I have the…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedNew retail investors are eligible for tax benefit u/s 80CCG9 years agoQuery 1] In case of salaried Govt. employee, for Income Tax exemptions in general, please advice: What are the options…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedTax implications on relinquishment deed amongst family members 10 years agoQuery 1] We are two real brothers and two real sisters. Our father owned a residential house in New Delhi…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedMedical expense on cancer & tax deduction10 years agoQuery 1] One of my relative is suffering from cancer and getting himself treated from a private hospital. I want…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedClaim Tax Credit on Foreign Income of a Resident10 years agoQuery 1] I have the following queries: I am going to teach a course in Telecom B-school, Paris. The honorarium, what…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedSenior citizens are exempt from payment of advance tax 10 years agoQuery 1] I am a Senior Citizen, Tax Payer, having income from Central Civil Pension and Bank Interest (Savings and…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedInvestment in 5 years fixed deposits also offers tax benefit10 years agoQuery 1] As per Income Tax provision, Fixed Deposits falls under section 80C- tax exemption or not? If not, what are…