1. I want to gift my parents around 4lakh on anniversary. Can I gift them through cheque. Do I have to do any written deed for it? Can they purchase jewellery with it in their name? 2. Can I directly gift them jewellery from cheque from my account. whose name would the jewellery bill should be then?
We are a partnership firm having a supply business turnover of Rs.27.00 lac during the financial year 2016-2017. Which ITR should we use ? If we declare income u/s.44AD, whether we are required to maintain account books ?
Sir, there was a mistake in the TDS Return filed. We have wrongly mentioned the name of a person instead of another in the tds return. so what should we do to correct the mistake so that the right person will get the tax credit instead of the one who has been mentioned in the return? Should we revise the return or file online correction statement?
Dear Expert,
Have taken an employment with a U.S company. It is currently not registered in India. However I work from India and my employer pays my salary in Indian currency into my Indian account thru their Consultant's bank account.
Given that my income is in the tax bracket, wanted to know on the tax implications.
1. How to pay my taxes and file returns in India. (can it be done thru payment of self assessment or advance taxes as the case may be) & which ITR form is applicable for me. It will be treated as foreign salary or Indian Salary.
ITR-1 : Salary - Company TAN details are mandatory. In such case how to declare Indian salary.
& if it is treated as Foreign salary which ITR form is applicale.
2. Is my employer liable to deduct taxes at source on my salary income even if they do not have a branch/registered office in India.
3. If TDS have to be deducted on salary paid in India by the employer what is the procedure they need to follow.
4. Thank you.
In orde to learn about Taxation in proper way I want to do some certificate or diploma course in Taxation by correspondence or say distant mode can any expert provide information on this
My incomes are two,1.salary.2.civil consultant.so which itr to file by me
Sir, a flat was purchased in the name of my wife for Rs.20.00 lac during the year 2015.
I took a loan of Rs. 10.00 from bank and paid the same to my wife for flat purchase.
Whether I can take benefit U/S.80C for HBL Principal Repayment and also for loss from house property (Interest on loan paid by me) ?
Unknown about the recent rule, I have withdrawn Rs. 4.00 lac from my saving bank account on 03.04..2017.. What is the consequences now ? Is there may be any remedy or explanation for the same ?
can huf submit itr-4s for business income? PLEASE URGENT REPLY.
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Regarding gifting process