My (a senior citizen) annual income (from pension & FD interest) is around Rs Rs 11 lakh. While remitting Rs 8 lakh during December 2020 as gift to my daughter at USA, the bank has debited Rs 5000 as TCS from my account. Whether I can claim the refund of TCS while filling the IT return for AY 21-22?
Mr A leaves a Registered Will bequeathing his property among his three surviving heirs B, C and D where B is Son, C is daughter and D is wife.
In respect of the properties earmarked in favour of C and D there is 100% clarity as the Will says the properties marked for them will become theirs on his death.
For the property left for B, the son there is some doubt. The property left for B is a house. The Will says his wife (D) will have possession and right to enjoy without any right whatsoever to gift or sell that house. The son (B) will get full rights on the house after D.
The questions needing answer are
1) Can the wife, D get the mutation of this house in her name as A is no more.
Or
2) Is it the Son, B who has to get the mutation of the house in his name allow his mother to continue living in house during her life time ?
Or
3)Is it open to just leave the property in the name of A who is no more and if so how long it can be left like that with both B and D staying in the house and enjoying the property, in which case the Property Tax, Ele Connection and Water connection will continue to be in the name of A who is no more. Is it legally correct to pay taxes in the name a dead person for unlimited period
(Am a former employee, recently left the job ),One of cupping clinic running their clinic without license and cheating clients doing fake promises,using cheap quality products,even not well trained employees, employee itself telling treatment are not good they are making money,not paying any taxes, without license they are running , so what action can take against them
M/s. XYZ Company purchased a volvo bus for Rs.1.50 Crores including GST of say Rs.25 Lakhs. XYZ uses this bus for transportation of passenger and charge 5% as GST on the fare from passengers. Now as per Section 17(5) of CGST Act XYZ company is eligible to take credit of Rs. 25 Lakhs. My question is, ‘The govt fixed the output GST rate on passenger transport service as 5% without ITC. Isn’t this contradictory with section 17 (5) of CGST act? or is it like, XYZ can set of Rs.25 Lakhs against GST collected from its passengers but no other input GST paid can be claimed and set off against the GST collected from the passengers?
BYE-LAWS OF RELIGIOUS PRIVATE TRUST..HOW TO CREATE A TRUST
BYE-LAWS OF RELIGIOUS PRIVATE TRUST..HOW TO CREATE A TRUST
Hi
I'd like to know if I can make a rental agreement starting from August 2020, in January 2021. Would that be acceptable/valid for claiming HRA?
Thanks
Sir,
If a builder constructing a new house and selling the same after fulfill consturction work what will be the GST Rate ? How can avail ITC ?
Please explain
with Regards
S M Basha
Hello,
Is it possible to file an income tax return (offline/online) on behalf of a family member who is incarcerated?
If yes, what is the easiest way to do so, without requiring to have some sort of documents signed from the person incarcerated?
Sorry for being anonymous, but it is necessary.
Thank you.
Pan card
Respected Experts,
We are an charitable & welfare Association (AOP) and got a PAN card issued last year. This year we registered our AOP as an 1860 Society. Do we have to apply for a new PAN card because of this Status change pl ?
Secondly while retaining the 1st PAN, can we apply for the 2nd PAN and return the 1st PAN soon after receiving the 2nd one ?
Thks,Tom