Pradhan Mantri Garib Kalyan Yojna- 2016: Last call to come clean
Query 1] One of my relative who was a teacher retired in the year 2013 from municipal corporation school. She…
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Even self employed person can claim deduction towards rent of house property
Query 1] I am a Central Government Pensioner, 82 years old, drawing pension of over Rs. 70,000/- p.m. I…
Whether 200% penalty leviable for deposits of unaccounted money in the bank
Query 1] Whether penalty @ 200% can be levied even if the income is offered for taxation while filing income…
Demonetization of money & income tax
Query 1] I am a senior citizen retired from the Govt. job 4 years back. Whether the cash deposits by…
Whether two adjacent flats can be regarded as “One ” house property
Query 1] A small query related with the words “One House”, “One Flat “. Is there any restriction regarding…
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…
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…
