Prosecution for wrong submission of Form No. 15G or 15H
15G or 15H Query 1] During the FY 2015-16 my expected tax liability is arriving at Rs. 7,000/-. My income of Rs 5…
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Life & Taxes go hand in hand.
Life & Tax Query 1] Kindly advice, is it mandatory to file the income tax return even if the tax…
TDS has to be done while purchasing Urban Agricultural Land also
section 195 Query 1] U/s 195 of Income Tax Act, the purchaser of house hold property is requir to deduct…
No deduction towards health insurance if premium is paid in Cash
No deduction Query 1] I wish to gift some cash amount out of my pensionary benefit to my children. My…
Avail tax breaks on stamp duty & registration charges paid while buying a house
stamp duty Query 1] I have purchased a residential flat in Feb-2015 on agreement to sale. I had paid nearly…
CO-OWNER MAY NOT BE TREATED AS OWNER: INTERESTING INCOME TAX
partnership rule Query 1] I had a query regarding LTCG, the details are as follows: I had sold a NIT…
TAX ISSUES ON SALE OF ANCESTRAL AGRICULTURAL & NON AGRICULTURAL LAND
Section 10(13A) Query 1] I have inherited some ancestral landed properties situated in a village. The land is originally acquire…
Life Insurance Policies: No blanket escape from tax
Query 1] I have taken Postal Life Insurance Policy in Feb-2009 for Sum Assured (SA) Rs. 1,40,000/- for 7 years…
TAX BENEFIT ON SAVING BANK INTEREST
Query 1] My saving bank account is in SBI. The amount in the saving bank account get converted to MOD.…
NEW PENSION SCHEME & TAX BENEFIT
NEW PENSION SCHEME & TAX BENEFIT Query 1] Please help us know if contribution to National Pension Scheme (NPS) by…
NO EXEMPTION FROM LTCG IF PURCHASES HOUSE PROEPRTY OUTSIDE INDIA
Query 1] I have a query regarding Capital Gain. My client is NRI. He had purchased a Plot in Nagpur…
DISCONTINUING BUSINESS: INFORM TO THE ASSESSING OFFICER WITHIN 15 DAYS
Query 1] This is with reference to the tax opinion published in The Hitavada on 27-Oct-2014. I would like to…
