Please Help me out in the case of Sale of a House Property which is recd as a
Gift:
Lets take an example,
Suppose Mr. A is an Individual, and he gifts a House Property to his wife Mrs. A...
Now, Mrs. A sells this House Property to Mr. B above the Cost.. & There arises
Short Term Capital Gain...
Now, This STCG will be taxable in whose Hands???
1.) Mr. A's or
2.) Mrs. A's ????

If I have purchased a property aggregating to rs. 7.5 cr. For which payments of Rs. 4 Cr have been made before 1.06.2013 and no agreement for sale has been made till date. Question is whether TDS has to be deducted on full consideration of Rs. 7.5 Cr or only on balance Rs. 3.5 Cr.

Thanking in advance.

Dear Team,

We are Pvt. Ltd. Company. My One director has gone to France & Germany Visit with his father for official work. We have 1500 Euro and 10 USD in our company books which he can use. But he spend 2600 Euro. He took balance euro from his friends & father. He is telling you will reimburse the balance amount i.e. 1100 euro in INR. Our Auditors is not accepting this. Can anybody please tell is it possible or not.

I PURCHASE FLAT IN 1983 AND I SOLD IT IN APR 2012 FOR 30LACS AND PRUCHASE NEW RESIDENTIAL UNIT FOR 38LACS IN AUG 2013 MY QUESTION IS AS FOLLOW

1-WILL I BE EXEMPTED FOR CAPITAL GIAN TAX

2-I HAVE PAID RESGISTRATION FEES OF 30,000 AND STAMPDUTY OF RS 190000/- WILL IGET DECDUCTION OF IT IN MY INCOME TAX RETURN AND TILL WHAT LIMIT

3- AS MY FORM 16 IS NOT RECVD CAN I FILE THE RETURN AFTER 31 JULY 2013

Please suggest the best way to claim maximum deduction with minimum investment for a salaried person.

I am salary person working in private company my father is suffering from Chronic Kidney failure.
For claiming the benefit of 80ddb i should need form 10I but in form it is written it shouid we certify by the doctor of Government hospital but his treatment is done by private doctor in private hospital so it compulsory to have form 10I if is it so can I get this form certify by the doctor who treat my father.
As he was suffering from above disease so he need dialysis twice a weak so can I get benefit of dialysis charge in medical reimbursement.

Hi,

I have a doubt, if the individual paying interest on housing loan and he is claiming exemption so which income tax form is suitable for him,Please give the answer.


Thanking You.

I need an opinion on requirement of tax audit U/s. 44AB in the below mentioned situation,

1.Assesses turn over during the FY 2012-13 is Rs.98,00,000

2.Actually the business is under loss of Rs.1,00,000

Under this situation whether tax audit is required if the assessee claims Business loss or Profit of Rs.1,85,000 which is less than the 8% of Total turnover as per Section 44AD ( Presumptive Taxation) and below the basic exemption.

The earliest opinion from your end shall highly be appreciated.

Sir

I fill Income tax return for my auditable assessee. But his tax Auditor is different CA. Now, his tax auditor has given Tax Audit report in manual form for the A.Y. 2013-14 which is yet to be uploaded on IT department website.
My client wants me to upload his ITR from manual 3CB & doesnt want me to wait for his Tax Auditor to upload 3CB. Kindly suggest whether can i file ITR before uploading of 3CB ?

Dear Experts,

One of my client had filed his income tax returns manually in Bangalore for the A.Y.2008-09 and had a tax refund of Rs.20,000/-. But so far he didn't get any receipt of the tax refund. So at present the issue came to me and he asked me to follow up this case and also presently I've filed his return electronically(In hyderabad)for the A.Y. 2013-14 and presently he is working in Hyderabad since F.Y. 2011-12. My query is whether i can raise any request(online through my client user id) to CPC regarding the refund claim of my client, using the acknowledgement number when the return is filed manually in A.Y. 2008-09. If yes, what is the procedure to be done and if not possible what I've to do then ??? Please help me in this issue and reply as soon as possible.

Thanks in Advance.

Ramana.