There is an act in India named Gift Tax Act, 1958. Any gift exceeding Rs. 50,000 during the year is chargable to tax under secion 56 (2) (vi)of Income Tax Act, 1961. Is is also taxable under the Gift Tax Act, 1958? Which gifts are taxable under Gift Tax Act, 1958, if they are made by Indian Resident to other Indian Resident? or by NRI to Indian Resident? or by Indian Resident to NRI?

There is an act in India named Gift Tax Act, 1958. Any gift exceeding Rs. 50,000 during the year is chargable to tax under secion 56 (2) (vi). Is is also taxable under the Gift Tax Act, 1958? Which gifts are taxable under Gift Tax Act, 1958, if they are made by Indian Resident to other Indian Resident? or by NRI to Indian Resident? or by Indian Resident to NRI?

If I sold a house within 3 years from its purchase and invest the same amount in purchase a new house whether it will be treated as gapital gian.

Dear Sirs,

Please reply following queries in purview of Sec. 40(A)(3):

1.)If a co. pays advance to its employees for expenses in cash more than 20000 in a day and debits it to Advance A/c then is this expense allowed under income tax?

2.) If a co. pays advance to its employees for expenses in cash more than 20000 in a day by single voucher and debits it to Advance A/c then is this expense allowed under income tax?

From where can i get the ward number for filing my personal income tax return?
My Company name starts with letter L & filing for the first time & it is everybody's first return in the company?

Could I claim interest on loan taken for purchase of land/plot as deduction Under the head Income from House property?

Thanks
Shashi

can d.e.p.b licence be liable for capital gain?

can d.e.p.b licence be liable for capital gain?

Dear Sir

Can we carry forward and set off short term capital loss on shares on which STT has been paid .If yes ,against which head of incomes

Best regards

Kartik

9811103922

hi,

could anyone suggest whether interest on NSS is taxable or not,,
please reply with clause supporting it..

regards,
tarin shah