Sir, My client has received Rs 6,00,000 to his bank account because his father in Fy- 15-16 on 20th NOV 2015 he sold a lorry(heavy good carrying vehicle) which was used for commercial purpose, on 25th Nov 2015 the owner of the vehicle was died and so that the other party who purchased the vehicle has transfered the amount of consideration 6,00,000 to his son(my client) account

Whether the amount received by my client is taxable or not?

Pleas guide me how to disclose this amount 6,00,000
Thanks in advance

I am looking for a software for filing of it returns. I use tally ERP 9 can anyone guide

Hi
In pancard of my mother her fathers name is wrong.
I applied for data correction but my mother havent any proof in which her fathers name is mentioned.she is illitrate.
In her aadhar and voter id husband name is mentioned .
what should i do for data correction ?

If X joins employement on 1/1/2017 and his payscale is 20000-1000-30000.Can you please tell me how to calculate the basic salary. What period should be considered.please help... I m stuck here... Thanks in advance

ONE OF INDIVIDUAL SOLD ASSEST IN MARCH 2017 , OUT OF ITS LTCG HE PURCHASES NHAI BOUND OF RS 50 LAKH ON 30 MAY 2017 AND CLAIM EXEPMTION U/S 50 EC IN AY 17-18, THERE AFTER IN NOV 2017 HE SOLD ANOTHER ASSEST NOW IF HE PURCHASES NHAI BOUND IN APRIL 2018 OF RS 50 LAKH ALSO , THEN WEATHER HE CAN CLAIM EXEMPTION U/S 50EC IN AY 18-19

There is a scheme in my saving account that if balance cross limit of Rs. 50000 then bank keep the excess amount as fixed and pay interest @ 7% which is higher than saving bank interest rate.. Now my question is interest income will be taxable as saving bank interest or fixed deposit interest because 80tta is only for saving bank interest?

A business entity has wrongly shown salary paid as Loan A/c in its Income Tax Returns for past 3 years (FY 14-15, 15-16, 16-17). Is there any way through which we can claim it is an expense in current year i.e FY 17-18.

Dear

I Want to know that a Health Insurance premium paid with GST so we claim for 80D deduction before GST or After GST Amount


Thanks

Dear Sir,

Some of our colleague submitted the School fee receipt for there ward. the fees are including Tution Fee, Special Fee, Admission Fee, Caution Deposit etc and they said there is SC/HC judgement that all fee are exempted in Income tax except Building Fee, Development fee and other in this nature.
Please help me out whether it is correct. what are the fees are exempted in Income tax and what not?

Thanks
Hari Krishna

Hello,
With due respect to experts I would like to ask that can I get a rebate of interest on my car loan during my Income tax return filing?
If yes, then how much rebate is allowed?

Someone told me that it is only available if you have business with the same pancard, is it true?

Please help.