Partha Chattopadhyay
30 March 2019 at 16:11
On selling an ancestral residential house, a capital gain of Rs 2 lakh was made during 2018-19.Now, because of 31st March being a Sunday (Holiday) it is proposed to purchase a capital gains bond (Rural Electrification) of Rs 2L during the week ending on 6.4.2009. Can I claim tax relief for AY2019-20 though I am late by a week in purchasing this bond? Looking for your opinion..
Nandukumar Kamat
28 May 2018 at 17:17
Dear Sir,
Our Company Kadam Financial Pvt. Ltd.(NBFC) having total turnover of Rs. 140 lacs for the FY 2016-17 & 147 lacs for the FY 2017-18 needs to get its books audited u/s 44AB of the Act as turnover has exceeded Rs. 1 crore.
The all income as Divided income from Mutual Fund & Listed Company which is exempt u/s 10.
In above case the Tax Audits as per income tax act under section 44AB is applicable or not.
Please provide your reply in above matters .
NK
Surbhi Golchha
24 February 2018 at 13:36
IS IT POSSIBLE TO CONVERT PRIVATE LIMITED COMPANY INTO PARTNERSHIP FIRM WITHOUT GOING FOR LIQUIDATION?
sharat pathak
23 February 2018 at 14:51
Hi sirs,
Pl guide me on the fact that can a company registered under companies act 1956 defend a civil suit without board resolution authorising its CEO and MD to authorise someone to be legal represantative. or is it necessary for the company to have put on record board resolution/ minutes of meeting/ article of association.
if No is answer for above query then will the suit be decided in favor of plaintiff.
Suvesh Sinha
12 February 2018 at 18:57
My mother-in-law is a pensioner. Apart from pension, he earns income from interest on FDs/SCSS and house rent. Whether she should deposit all the due Income tax by 31.03.2018 for the FY 2017-18 (AY 2018-19) or she can deposit it before the last date of filing IT return.
Partha Chattopadhyay
05 February 2018 at 19:58
Please clarify whether a senior citizen is required to opt either 80TTA or 80TTB to get relief of Rs 50,000 but not both.
Shakir Najfi
31 December 2017 at 15:50
Sir
If I take non secured load from 1. friends
2. blood relations, is there any tax liability and what papers/ formalities I need to keep ready. Do I need to mention them in tax return. I'm an officer in ESIC (central government).
Shakir Najfi
31 December 2017 at 15:45
Sir
if recurring deposits mature in 5 years, how much is the tax liability..?
B.Chakrapani Warrier
29 December 2017 at 11:49
Absolute right in land is changed to undivided right in land. Whether this change will be treated as relinquishment of right as per section 2(47) of the Income tax Act,1961
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Tds cbdt circular 275/29/2014-it(b)
Is the CBDT circular 275/29/2014-IT (B) transitory in nature ? I have a TDS demand in my name for long. My employer deducted TDS from my salary but didnt deposit to Govt. Employer Co. in BIFR, facing Liquidation so will not pay TDS. I have all proof of TDS deducted from my salary. Tax deptt says it cannot remove the TDS demand showing on me until either employer or I pay up ! Can the TDS demand be ever enforced on me ? One Asst Commissioner Income Tax said it can be since the CDBT circular ( preventing Tax deptt from pursuing individuals like me ( from whom TDS has already been deducted by employer ) ) is TRANSITORY ... Hence my question ...is the circular really transitory ? I do not think so because it then defeats the very purpose of the Circular ..which is to protect individual like me from having to pay TDS twice .. if the employer pays then the very need for this Circular being referred to does not arise. I would request expert opinion on this matter please. Thanking you