Sir,
Mr. X, a NRI, comes to India and purchases gold bar or invests in any fixed deposit or mutual funds then explain me whether he is liable to pay any tax to indian government at his earnings from such an investment. such earnings are remitted to his bank account in foreign.
1)A person has leased out commercial property @ Rs 30000/- per month. Rent is received after TDS deduction @ 10% = Rs 27000/- per month. What would be the taxable income and net tax payable with regard to this rent received? Please help and elaborate with calculations if possible. Also provide any ways of tax planning/saving regarding the same. 2)Is there any difference between computing tax on rental income from residential property and rental income from commercial property? Do they both fall under the same head "Income from House Property"? 3)How does one differentiate Residential Property from Commercial Property? What are the documents which show the difference between the two? 4)Is there any possibility that rental income from such a simple lease agreement can tantamount to profits/gains/income from profession or business? The assesee, who has given the property on rent, is a retired semi-literate person and is not involved in the activity going on in the leased premises.
plz can anyone help
actually i want to purchase software online and i have debit cardof pnb and that website wondershare is asking for credit card how to overcome this is there any agency to which i go or any one can help me for making payment cost of software 1200.
Dear Sir,
Would be grateful to get your clarification on following:
1)Can I sell an industrial property of my Pvt ltd company as a director of the company, after passing of the board resolution. Me and my wife are the only directors in this pvt ltd company,I have acquired this Pvt ltd company in year 2000.
2)After selling the above property I want to buy a commercial property of the same value. Am I liable to pay capital gain tax for the above transaction. The new property will be purchased in the joint name of me and my wife.
3) In case I decide to sell the present company itself with all assets and liabilities & float a new company, can I purchase the new commercial property in the name of new pvt ltd company which I propose to float. Will there be any capital gain liability
5) Should I float the new company before selling the property or can i float it after the sale.
As we know that for fillig individual return thr is no need of digital Signature...my question is that if we file belated return of that person whether digital signature is required or not??
actually have filed return 1 year before and forgotten id and password
is there any penalty for late filling of pt return and payment.
My company has hired 02 cars owned by the son of director for which monthly car hire charges are paid Rs.80000/-. Kindly confirm under which section it should be covered for deduction of TDS??????
I have worked for 2 years on salary. During which my company was dedcuting PF.
Now i wish to set up my own business and want to give up my present job.
In that case when will i be eleigible for withdrawal fo MY PF balance.
can i withdraw the same in full and secondly is there any tax liablity on the same.
A quick reply will be appreciated.
For the Purpose of E-filing of Return i Want Java Runtime Environment 6(JRE 6) virsion, which i am not getting from internet. please help me. if you have any link then please give me. thank you in avance. its urgent.
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Tax treatment for non resident indian