mohit mishra
20 November 2016 at 16:41

deposit in Bank

cash at bank rs. 100000 as on 8 nov 16 and we deposit total rs 240000 in 4 time .in a bank account and my question is that it's possible. and what is the taxable income ...

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Anonymous

an assessee who inherited a land before 1/4/81 and it was compulsorily acquired by state govt for consruction of bus stand in 1987 for which compensation was received by the assessee in in 1987 and filed return. Upon appeal to high court he got enhanced compensation in financial year 2015-16. I want to know date of transfer for additional compensation& Litigation expenses where to enter in itr 4 ( Assessee also have business income)

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mohit mishra
17 November 2016 at 15:51

cash deposit in bank

Hi Sir I have filled a Income Tax Return of rs. 500000 and same above previous years. but there is no balance sheet prepared in this case hence how can calculate cash in hand for deposit in bank please tell me about this method

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Tina Jain
17 November 2016 at 15:30

Section 44ADA

how this section works if a professional does not opt for this scheme and show his profit as 55 % of gross receipts in itr , whether he will be required to get his books audited.

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Amit Chechani
16 November 2016 at 23:20

cash gift

i want to give old cash as a gift to my brother after 8th Nov 2016.tell me the legal impact on this transaction.

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Nikhilesh V Gomase
16 November 2016 at 11:43

depreciation on leasehold building

Business is carried on in a building taken on lease and the assessee has made capital expenditure towards renovation of building. Can the assessee (lessee) claim depreciation on building as well as capital expenditure under the provision of section 32(1)?

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deepanshu

my friend had many transactions in his bank account in the last past months and now he wants to deposit rs2.5 lakhs in his account .So ,if he deposits income tax department will report him ?

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Gulshan
15 November 2016 at 06:07

Cash deposit from a doctor

I am a general physician practicing for almost 20 years. I have never filed the returns except last year with 5 lac as income. Can I now deposit 50 lacs now and file return accordingly for the current year. What questions may come and how to manage them

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Anonymous
12 November 2016 at 09:22

Income tax reg

Sir,
I wish to clarify some doubt
i.e.
1.If an Individual have Rs.1 Crore Cash will attract Wealth Tax(Earned from Agri Activities)?
2.Whether anybody can give the loan with interest to others out of the tax sufferred Income?
ex:Mr.Ram earned Rs.60 Lakh as salary & paid the Tax in A Y 2012-13.Now the same has been given to somebodies as Loan for 10% Interest.Whether is it legally allowed or Illegal Business?
3.Is there any Limit to claim exemption under Agri Acivities?
Ex: If Mr.Rahul have 200 Acres & got Rs.10 Crore as Agri Income P.a.Is it 100% Exempt? or is there any Limit ?
4.Is it mandatory to reinvest to avoid Capital Gain if the sale Proceeds from Agri Land or any Land situated in Rural Areas?



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Tina Jain
09 November 2016 at 12:16

income tax return service

whether ca can file income tax return for free

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