I own a property in the joint name of my mother and me. This was purchased in 2020. This property was purchased using proceeds including capital gains from selling 2 flats, we were joint owners in one flat and my parents were joint owners in the second. This reinvestment ensured that we didnt have to incur LTCG on sale of our earlier properties. In addition to this, we also used a home loan and some own funds to complete the purchase.

My mother wishes to relinquish ownership of the new flat and transfer her complete share in my name. I in turn also wish to add my spouses name to the property. Both of these can be done by executing gift deeds on the property, however, considering we had invested in this property to avoid tax on capital gains, is there a possibility of any tax implication if we proceed with the gift deed?

Sir ,
I am retired employee having interest income of 4 to 5 lakhs. I have recd shares of 20 to 25 L from ancestral property in HUF demat account ( self and wife )
Every year i am selling shares from HUF worth Rs. 2 to 2. 5 lakhs which is below taxable limit.
The sales proceeds i am transfeering to our indivudal joint account for our recurring expenses.
Is i am doing right ?
Is this attract any tax implication.
Is any precaution is required from tax point of view ?
It is necessary to file HUF return ?
Please guide.

I have been remotely working from India at an intergovernmental organization in the UK. In the UK I am exempt from paying taxes to the UK government on this income due to the organisation's agreement with the UK government, but some "internal tax" is deducted by the organization. I have lived in India the entire time due to the pandemic. Is this income taxable in India? Are there any exemptions I can claim on the income considering that I pay the internal tax and the taxation is exempt in the UK?

ONE RESIDENTIAL FLAT PURCHASED ON 1991, FOR RS.125000/-
AND SOLD IN MAY 2021 FOR RS.3800000/-
MY QUERIES ARE AS UNDER
1) HOW TO CALCULATE CAPITAL GAIN TAX
2) HOW MUCH TAX ON CAPITAL GAIN
3) SELLER PARTY HAVING NO TAXABLE INCOME.
4) IF SELLER PARTY WISH TO SAVE CAPITAL GAIN TAX
THEN WHAT REMEDIES
5) SELLER PARTY IS SENIOR CITIZEN
6) SELLER PARTY IS HAVING ANOTHER RESIDENTIAL FLAT & HE
LIVED IN THIS FLAT WITH FAMILY.THE SAID FLAT BUILDING IS
SOON DEMOLISHING & GIVE TO RE-DEVELOPMENT. THEN IN THIS CASE IF HE INCUR DEVELOPMENT EXPENDITURE. CAN HE SAVE CAPITAL GAIN TAX.

YOU ARE REQUESTED TO PLEASE GUIDE

Hello SIr,

I need format of Indemnity Bond for refund of Excess payment of TDS.

Please give me format in PDF or Word.

Thank you,

Jignesh Shah

Can I make cash sales of Rs2 lakhs? The buyer is not giving pan no. Can we make cash sales? Pl advise urgently?

Is the payment to NASSCOM yearly subscription fee 50,000/- attracts for TDS deduction . If what rate of Tax is to be deducted - Telangana State

What is TDS on purchase to be effective from 1/7/2021.who will deduct TDS? Who is eligible?

Sir,
Confused What is the difference between sec 194q and sec 206(c) in it act and applicable assess in it act.

Respected Experts,
Kindly let me know that if a person performs his job (Work from home in India) for a foreign company situated in Thailand and till COVID-19 he is allowed to work from India only and his salary if deposited in Thailand and remitted to India which he can withdraw from HDFC bank .
Will he or his employer is required to take permission under FEMA 1999 or any other Act for the above ?
Thanks in Advance