Rahul sahu
20 October 2017 at 10:44
Hello everyone I am Rahul sahu from sugar. I have done b.com from Dr. Hai Singh your central university. And currently I study in m.com first year..I work in a audit firm since last 8 month and know I want to open my own firm who will give all tax and finance planing services.. so I want suggestions related to some topic .. 1) kya m tax advisory's service de sakta hu. 2) kya m project report bana sakta hu .. please suggest me .. to make best service company... Please give your opinions for make better your suggestions are very important for me.
junglee kokai
19 October 2017 at 16:13
hi i m central govt employee from arunachal, as per intruction from govt we have to submit tax exemption certificate from ITO, before submission of tax exemption certicate at my office they cut 14000 rs from my salary for one year for not submitting tax exemption certificate, now i acquired tax exemption certicate from ITO, & office also sent me F 16 certicate, at this i dont have to knowledge how i get my already paid back rs.14000, i dont know what to do??? plizz help me
umesh
15 October 2017 at 11:16
I m having an huf in the name of Umesh Manohar Daryanani HUF with my wife as coparcener n we don't have any kids. Can huf gift to Umesh Manohar Daryanani ?
mohit kumar
14 October 2017 at 15:53
Dear Expert,
I am working as a law officer in MNC company. my company give car as reward after complete 5 years as job. also my company provide 150 ltr per month for petrol reimbursement after providing petrol bills. but my company employee given wrong invoices to claim above benefit.
as per my opinion and this is illegal act and penalty in income tax act.
Kindly provide brief details regarding above subject.
regards
Kalyan Ghosh
13 October 2017 at 15:59
Sir
Whether Short Term Capital Gain on Mutual Fund will be proportionate of the total gain for computation of income tax.More precisely I am placing my case as follows.An amount of Rs Ten Lakhs ie 1000000 was invested in a Non Equity Mutual Fund.A year later the value of the investment increased to 10.8 Lakhs ie Rs 1080000..Now due to some exigency we want to withdraw this amount.Actually total capital gain in this case is Rs 80000 which is in fact 7.4% of the total value of Rs 1080000.Now for computation of income tax whether total value of Rs 80000 will be considered which will mean IT HAS NO DIFFERENCE WITH BANK FD DEPOSITS.But if only 7.4% of Rs 80000 is considered the value of capital gain will come out to be Rs 5926 which will levy an income tax of Rs 1831 considering highest tax bracket of 30%.But if total value of Rs 80000 is considered it will lead to an income tax figure of Rs 24720.
Please therefore opine what will be the capital gain Rs 5926 or 80000
Pratmit85
13 October 2017 at 04:59
I am an NRI living in Germany and would like to purchase a flat in Kolkata worth more than 50 lacs. I would like to pay the total purchase amount in 3 parts - 1st one as the token-amount, second one after the agreement signing and the final part at the day of registration. All of these is intended to be carried out within a max. 2 months' duration. Do I have to pay 1% TDS on each of these amounts separately (that is 3 times) or can I simply pay on the entire amount after the agreement signing?
balaji r
11 October 2017 at 16:15
Whether trade unions can be asked to pay GST for the subscription received from their Members? Are they exempted from it?
R.Balaji
Pratmit85
10 October 2017 at 03:39
I would like to know if TDS is applicable for a flat sold by NRI for the sale price less than 50 lacs? Second question is: Can the entire TDS amount (deducted by the buyer) be claimed back by the NRI seller with his/her Income Tax return filing?
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Section 54 -ltcg on multiple houses
A owns a house in Mumbai. He also owns another house jointly with his wife in New Mumbai. He sold both the houses in July 2017. Sale proceeds are 1.25 crore on first house and Rs 1.5 crore on second house. He has computed LTCG on first house as 50 lakhs and on second house as 60 lakhs, his share being half at 30 lakhs and his wife share also as 30 lakhs. He buys a house in Delhi NCR in Aug 2017 for Rs 1 crore in joint name with his wife. He also buys another house in Sep 2017 for Rs 1.25 crore, also in joint name with his wife. Can he claim benefit of Rs 50 lakhs (LTCG on his first house at Mumbai) against purchase of first house in Delhi NCR and of Rs 30 lakhs (his share of LTCG in second house) against purchase of second house ? Is there any restriction that he must not own another house on date of purchase of a residential property to avail benefit of section 54?