ArticleIncome TaxUncategorizedProsecution for wrong submission of Form No. 15G or 15H13 Apr 2015015G or 15H Query 1] During the FY 2015-16 my expected tax liability is arriving at Rs. 7,000/-. My income of Rs 5…
ArticleIncome TaxUncategorizedLife & Taxes go hand in hand. 6 Apr 20150Life & Tax Query 1] Kindly advice, is it mandatory to file the income tax return even if the tax…
Income TaxUncategorizedTDS has to be done while purchasing Urban Agricultural Land also 30 Mar 20150section 195 Query 1] U/s 195 of Income Tax Act, the purchaser of house hold property is requir to deduct…
Income TaxUncategorizedNo deduction towards health insurance if premium is paid in Cash27 Mar 20150No deduction Query 1] I wish to gift some cash amount out of my pensionary benefit to my children. My…
Income TaxTax PlanningUncategorizedAvail tax breaks on stamp duty & registration charges paid while buying a house 23 Mar 20150stamp duty Query 1] I have purchased a residential flat in Feb-2015 on agreement to sale. I had paid nearly…
Income TaxTax PlanningUncategorizedCO-OWNER MAY NOT BE TREATED AS OWNER: INTERESTING INCOME TAX2 Mar 20150partnership rule Query 1] I had a query regarding LTCG, the details are as follows: I had sold a NIT…
Income TaxUncategorizedTAX ISSUES ON SALE OF ANCESTRAL AGRICULTURAL & NON AGRICULTURAL LAND23 Feb 20150Section 10(13A) Query 1] I have inherited some ancestral landed properties situated in a village. The land is originally acquire…
ArticleIncome TaxTax PlanningUncategorizedLife Insurance Policies: No blanket escape from tax16 Feb 20150Query 1] I have taken Postal Life Insurance Policy in Feb-2009 for Sum Assured (SA) Rs. 1,40,000/- for 7 years…
UncategorizedTAX BENEFIT ON SAVING BANK INTEREST16 Feb 20150Query 1] My saving bank account is in SBI. The amount in the saving bank account get converted to MOD.…
UncategorizedNEW PENSION SCHEME & TAX BENEFIT9 Feb 20150NEW PENSION SCHEME & TAX BENEFIT Query 1] Please help us know if contribution to National Pension Scheme (NPS) by…
UncategorizedNO EXEMPTION FROM LTCG IF PURCHASES HOUSE PROEPRTY OUTSIDE INDIA26 Jan 20150Query 1] I have a query regarding Capital Gain. My client is NRI. He had purchased a Plot in Nagpur…
UncategorizedDISCONTINUING BUSINESS: INFORM TO THE ASSESSING OFFICER WITHIN 15 DAYS12 Jan 20150Query 1] This is with reference to the tax opinion published in The Hitavada on 27-Oct-2014. I would like to…