bike sold above 10 Lacs outside India(export) will we deduct TCS on the same?
Answer nowSir,
I’ve paid the Medical Insurance premium for 2 years and availed the policy in the month of March 2015.
Period of policy – March 2015 to March, 2017,
Premium – 11,171/-.
Last year, I have taken the benefit of Nill.
Will I be in a position to claim this year the Total Amount
hi..... an assessee has availed possession of the only occupied property in the current year. he has opted to declare this as let out property and declared the rent income of the same. whether he can avail the benefit of stamp duty paid on possession of the said flat as deduction from the rent income kindly advise
Answer nowRespected sir I earn RS 5200 pm from an office job. recently I have sold a land for RS 7 lakh. and I have a FD of RS 1 lakh running. My question is if I put that 7 lakh amount on 7 separate banks as FD of 1 lakh each then will TDS be deducted from any of the bank or ITDept... as my total interest receipt amount exceeds the TDS limit of RS 10000.
Answer nowWhat are the remedies available to assessee if the order u/s 154 of Income Tax Act, 1961 or u/s 35 of Wealth Tax act, 1957 is not passed by the Assessing Officer within 6 months from end of the month in which application is recieved.
Answer nowsir, pl suggest a solution- A client is doctor follows cash system. in fy 14-15 accrues fees rs.25 lakh as per form 26as and deducted tds of rs.2.5 lakh thereon. but actualy recd. only 8 lakh in fy 14-15 & mostly remaining in fy 15-16. Then how his income calculate for tax purpose. If in fy takes income rs.8 + tds 2.5 = 10.5 lakh then there is refund and in fy 15-16 various amounts recd for LY as well as current period, hence there is much tax payable. How compute correct income and taxability. Thanks.
Answer nowMr. A employed in Kuwait. Income earned in Kuwait, remitted to his family in India by him. He wants to take h housing loan around Rs. 5-6 Lacs. how much income he should project in income tax return. as his income is exempt. under which head he should project income.
Answer nowI derive income from salary however recently I have started a business on the side as well. I have purchased a few capital assets and cleaning set off for the same against my income from business. However I would like to know that can I set off my unabsorbed depreciation against income from salary?
Answer nowwe had sold a property which comes under 54 section and sold another property which comes under 54F .Now we have invested in a residential property .can we claim exemptions under both sections for investment in one residential property
Answer nowsir I have recieved a notice from income tax department India . my father sold the agriculture land in December 2012 . which was the ancestral land. now we have received a letter/notice from income tax department that 1. provide the details of computation of capital gain received by sell of immovable property. what can I do sir now. please help me
Answer now
TCS on sale of bike outside India (Export)