Rakesh
11 April 2018 at 18:11
Hi Team,
I need your help to understand that my bank has charged interest despite the cheque was not issued to the builder. As per bank, they have credited the loan amount to my home loan account, but they have not issued the cheque to the builder. Physical transaction did not happen from my home laon account to builder's account, Can bank take interest charge?
Best Regards,
Rakesh
Archana
07 April 2018 at 21:51
Hi,
I am a salaried person, working in a private organization. I want to borrow money from one of my friend who is a government employee. I am afraid if the tax will be deducted on this amount once I receive the money in my account. Kindly suggest how the tax will be charged.
Kumar
04 April 2018 at 12:35
Sir Trade unions are exempted from payment of income tax under section 10(24). Can Banks give exemption from TDS recovery on interest earned by Trade unions based on this section
Anonymous
01 April 2018 at 07:41
I am planning for purchase of a flat in the name of my wife,who is homemaker. The loan will be in the joint name. Whether I will be eligible for claiming the income tax benefits on interest and principal amount on home loan, as the EMI will get deducted from my account and my wife is not having source of income or taxable income.
Srinivas
30 March 2018 at 19:25
I am a salaried employee and my company deducting tax through salary. In 2016 October my father gifted amount Rs 15 Lack which I invested in Reliance bond funds. In March 2108 I have withdrawn that amount and given back to my father. My query is who needs to pay the tax on short term gains. Is it me or my father or anyone can pay? If I pay then I am in 20% slab so the amount will be huge. If my father has to pay his income is within taxable income limit. Please suggest.
Madhu Mittal
28 March 2018 at 15:39
An case named DEPUTY COMMISSIONER OF INCOME TAX vs. GIRNAR INVESTMENT LTD. ITAT, DELHI ‘F’ BENCH Sikander Khan, A.M. & Y.K. Kapur, J.M. ITA No. 4330/Del/1998 17th July, 2003 (2005) 92 TTJ (Del) 711 :(2004) 88 ITD 419 (Del) that belongs to Section 45, 48, 55(2)(iiia), Asst. Year 1995-96, in which it was stated in last para:
“This brings us to the last submission of the assessee that the amendment carried
out in s. 55 by incorporation of sub-s. (iiia) clarifies the grey area as by virtue of the amendments the cost of bonus shares has been mandated to be taken as nil. The submission of the assessee was that on account amendment which has been carried out to clear doubt, the benefit of same should be given to the assessee. When we examined this contention of the assessee, we found that the amendment is operative from 1st April, 1996. It has no retrospective effect.”
From this can it be easily deduced that if the A.y. had been 1997-98 or later years, the benefit must have been given to assesse and there will not be any tax on short term
capital gain on shares in the said Girnar Case?
Girnar case is attached http://www.lawyersclubindia.com/forum/Intepretation-of-case-of-deputy-commissioner-of-income-tax-v-174796.asp
kmath
28 March 2018 at 02:41
A person is evading the tax to the government, i want to file the complaint, I do not have his PAN/Adhaar card,
But I have the address, name, and the case details where he is trying to get money.
Swarna kamal Chandra
23 March 2018 at 22:38
My father an income tax payer, died on 16/02/2012. I would like to register myself as a legal representative on behalf of my father to submit the IT return. Unfortunately, I had lost the PAN Card of my father while shifting to another nearby premises. In this regard, I had lodged an information/General Diary at the local police station. I am also an income tax payee and have PAN number(linked with adhaar also). However, I gathered information from income tax website that without uploading the soft copy of the PAN card of the deceased person, one cannot register him/her as a legal representative. Now I seek advice from the respected members to help me out of this problem as I had talked with customer care executive several times but they failed to show me any solution.
Thanks in advance.
Swarna kamal Chandra
Anonymous
23 March 2018 at 20:57
Namastae Sirs,
Recently I appeared for Final year Diploma in Pharmacy exams and awaiting for results, On its completion i register myself as Pharmacist. But While opening and executing daily operations of Medical store can i nominate my wife as sole proprietorship of Medical store and iam working under her as Pharmacists in dispensing medicines to the customers. This idea ensure financial freedom and future savings to my wife a/c and kids educations and marriages.
Regards
Hari
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Definition - term loan
Dear Sir,
I could not able to find the definition of Term Loan, so can anyone help me in this regard. As where I can find its inception and other related information as it is found in Union List, as per Constitution of India, 1950, as per Item No.38. But i failed to obtain its official Definition, so please help me in this regard.
Regards
Munish Kumar Garg