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Anonymous
22 August 2014 at 12:14

Pan card

one of the my friend's wife is from maharastra. he is from gujarat
she has only levaving certificate and voter id of maharastra . which document is required for pan card for his wife.?

please help me

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Rupesh Jain
22 August 2014 at 12:00

Credit of tds

company deduct the tds of non resident @ 20% due to non availability of PAN.

now Non resident have PAN and ask for form 16A from TRAce it is possible ?
if yes what is the procedure.

at the time TDS return filing only one deductee detail is filed having no PAN.

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Anonymous
21 August 2014 at 12:58

Gift from reletive

I Received cash of Rs.35 lacs trough bank from my brother who is working in australia from last 3-4 years.
Please suggest me what are the tax implications in this case and also suggest me how to show this transaction (as a gift or by any other way)?

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Pritom Baruah
20 August 2014 at 15:57

Pan number change

Sir
In the year 1998 our Partnership firm "Urvashi Real Estate" applied PAN and received as AAACU6223A. there was wrong interpretation C as company. Since than we have been filling IT return.

Now we have changed the PAN as AADFU3829J in the middle of FY 2011-2012.

Problem arised when we paid advance tax in AAACU6223A and filed IT return AADFU3829J.

WHAT DO WE DO TO INTIMATE INCOME TAX DEPT?

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Anonymous
16 August 2014 at 16:58

Tax liability related

DEAR WE HAVE SOLD 1 ACRE JOINT FAMILY LAND WHICH WAS GIFTED TO MY FATHER IN AROUND IN YR 1950. NOW WE SOLD THE SAME FOR RS.65,00,000/- ONLY THE SHARE WHICH I RECEIVE FROM THIS IS RS.15,00,000/- OUT OF WHICH I RECEIVED IS RS.8,00,000/- OF WHICH I HAVE REC. 4,00,000/- IN CASH. BALANCE CONSIDERATION WILL B RECEIVED BY MAR.2015. HOW MUCH TAX I WILL HAVE TO PAY FOR THE SAME. I M A LABOUR CONTRACTOR DOING LABOUR JOB AMOUNTING RS.900000/- N FILLING RETURN U/S 44AD WITH 8% PROFIT. KINDLY GIVE THE FIGURE OF TAX LIABILITY WHICH I HAVE TO BEAR.

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Anil
16 August 2014 at 04:46

Pan for bank account opening

Subscribers to MOA of private company have agreed to invest in certain no. of equity shares. Company is incorporated. Can they open a bank account just by giving board resolution to bank to open account or do they also need to give PAN?

Note that if PAN is to be given to bank, then it will take another 2 or 3 weeks to open bank account after incorporation.

Please also let me know what is the time before which subscribers to MOA have to invest money in company after incorporation ? Please quote section, if possible.

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sanjay kumar
15 August 2014 at 18:25

Regarding medical reimburshmaent

Sir, My relative is working in bank , he got Rs. 251000/- from his employer for the treatment of heart problem. He was hospitalize for two days , after two days he back to his house. Again very next day he got
some problem and again he hospitalize and volve was replaced. Now question is this that his employer is saying to deposit the tax of Rs. 251000/- . Reason place by him that continuously you were not in hospital for three days. either my relative will get the exemption from tax or has to pay the tax.
Pls. help me as soon as .

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venkateswarlu Avvaru

My client ( NRI) bought two residential flats at different point of time out of salary income earned abroad. Assets are long term assets.
Now he decided to disposeoff one of the property in Sep/Oct 2014. The Capital gains appx 40 Lakhs. He wants to buy another residential flat which exceeds the sale proceeds of the flat being sold.

Quries:-
1. Though he has two flats, can he claim exemption under Section 54 as he is investing into another residental flat. The New flat will be ready in 2016. For new flat he has to pay advance of INR 40 Lakhs.
2. though he has two flats, can he take benefit of 54 for one of his flats as per his choice by not claiming exemption benefit for other flat. This way he still claims benefit for one house only.
3. If exemption benefit not available under 54, what are other modes available so that he gets exemption from Capital gains tax.
Thanks
Venkat

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amit kapadia
12 August 2014 at 15:25

Ltcg

LTCG on mutual fund sale by NRi is taxable or not?

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Anonymous
12 August 2014 at 14:21

Right issue

Right issue by listed company renounced by shareholder in favour of other person will attract sec 56??

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