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Anonymous   29 July 2020 at 21:11

Deriving maximum benefits from housing loan.

Sir I have taken a housing loan to purchase a house and Reside in my own house in different city and live in other state due to job profile. how can i take the full benefits of interest on loan.

PURUSOTTAM PANDA   26 July 2020 at 13:23

Gstr4 annual return

Respected Sir,
Please guide me whether Table No.4A, i.e. Inward supplies from registered suppliers-other than reverse charge needs to be filled compulsorily while filling GSTR4 Annual Return for the FY 2019-20.
I shall be obliged for your valuable suggestions in this regard.

Anonymous   23 July 2020 at 15:08

Excemtion to file income tax return for blindness

Hi Experts,
Could you please let me know if my father who is 82 years old and partially blind due to retina degeneration gets an exemption to to file yearly income tax return under the it act?

Anonymous   20 July 2020 at 22:37

Transfer of funds from a public limited company to society

A and B who were working in a public Ltd company as managers formed a housing coop. society in 2000 and apply for a plot to HUDA for construction of residential flats. HUDA allot a plot and sends demand notice to deposit one crore towards cost of land. B who was accounts head in the company and president of the society transfer one crore from company account to society account and from there he makes payment of plot. He transfers company funds without management and Board of directors approval. After eight months when society members paid their share he transfers one crore back to company account.

An employee complains to IT department in this regard after construction and allotment of flats to members i. e. five years

Can the transaction be called benami transaction?

What action IT department can take against the accounts head and the company?

What action company will take against the accounts head?

Will complainant get any reward from I T deptt.

Prem Dhawan   18 July 2020 at 20:13

Tax on immovable property as gift

Hi,
immovable property as gift from certain family members is exempted from tax.

Will I (an adult man) have to pay tax if I receive a residential plot as gift from my mother's sister who is 65 years old and a widow with no children/heir?

Will my mother (70 years old and widow with children/heirs) have to pay tax if she receives above plot as gift from her sister (who is 65 years old, a widow with no children/heir)? Later, can my mother gift this plot to me (other legal heirs will sign relinquishment deeds) or to all her legal heirs without any tax on any donee?

Thanks in advance.

Anonymous   18 July 2020 at 15:36

Complaint against tax evaders

I want to file a complaint against some tax evaders who are not including their rental income in their total income while filing ITR. What is procedure to file such complaint. If by chance my complaint proves to be wrong, can IT department take action against me.

JAGANNATH RAO PARINAM   27 June 2020 at 18:59

Linking of aadhar no with pan - income below 250000/-

Dear Sir, My wife is having annual income much below taxable limit of 250000/-p.a and accordingly she is not filing income tax return.Similarly my daughter has just joined a job and having income less than taxable limit of Rs250000/- p.a.My query is that ,is it compulsory for them to link their Aadhar no with their PAN no before 30/06/2020. or there there is no need to link the Aadhar no and PAN Thanks

p.j.rao
dated:27/06/2020
9515766401

rameshbaliramlute   26 June 2020 at 12:04

Fund given to relative a/c

My relative has need of fund for purchasing Agrl.land. He want Rs.5,00,000/- as time being shortfall of fund. He refund this amount after 2-3 months. If I deposit his a/c Rs.5,00,000/- by cheque what will be purpose while transferring the fund. either Deosit/Gift/loan . What implication of Income Tax scrutiny of Bank A/c stmt. High Value txn. in my a/c. How I will show this type of txn for giving and receiving money

LAWYER ASSOCIATES   22 June 2020 at 17:19

Income tax dtsvs scheme

Whether date of filing DTSVS form of income tax is extended upto 31 december or only payment date is extended?

arunan   11 June 2020 at 13:01

How to do partition of property and tax making less

My dad had 25*80site 4floors constructed and rental income also to make some extent less in BBMP tax what can be done Shall we divide the property among 4bros and pay tax or pay tax in dad name itself which is most effective