My daughter has started working in the USA since the past one year. In India, she is having her own Income by way of interest from loan given to her Father's business (TDS is deducted on Interest received), Income from dividends from mutual funds. In addition she pays LIC premiums, savings in ELSS schemes and deposit in PPF. Does she need to declare her Income in the USA and will she get credit for Tax deposited/deducted in India.
Can any one guide please
Thanks in advance

If an assessee providing service of Transport of goods by road is exempt from service tax payment since the recipient is liable to pay it, then under which notification, both prior to 01.07.2012 and after that, the assessee can claim exemption while filing the service tax return?

Please answer, it is very urgent.

hi,i am 21 and i live with my parents.i am applying for pan card and i am giving the address proof as driving license.The problem is the address on driving license is not my current address, and also i don't have any proof which contains current address on it.

i heard u can give phone bill as address proof. but the bill is on my dads name. so is it possible to give it as address proof?? will that be a problem??

Hello:

Is it true that the Union Budget proposals for the FY 13-14 are not yet finalized, and that these will be done only by the end of May 2013?

My query specifically pertains to the following areas...

1. Transport allowance (which is presently Rs 800/month)

2. Child education allowance (Rs 100/month per child...max of 2 children)

3. Medical reimbursement....Rs 1250 per month=Rs 15000 (upto Rs 15000)

Is it true that the proposals with respect to these are not yet in place?

feedback on this would be highly appreciated ASAP

thank you very much

HELLO SIR,

I HAVE PAID TWO PARTYS OF TAX THROUGH MY DR,CARD BUT AT THE TIME OF PAYMENT CHALLAN NOT GENRATED. BUT SOME OTHER REF.NO ARE GENERATED ON BOTH PARTY.

SO MY QUESTION IS HOW CAN I FIND OUT CHALLAN NO.FOR FILLING OF INCOME TAX RETURN?


ANS.ME IMMIDEATLY .





THANKS REGARDING
RAHUL GORASIYA

if my client has a on baby child ( ladki) .
can he make HUF File.

urgent please.

i have paid combine TDS of Rs. 106319 for two years out of which Rs. 40500 pertains to AY 2012-13 and balance amt pertains to AY 2013-14, but since i have made one time payment with selection of AY 2013, can i differentiate this to two year. please advise

I wonder whether Resident migrating to USA
and changing Resident Bank Savings Account
into NRO Savings Account be able to remmit
Deposits,Fix Deposits amount either on maturity or Otherwise?
I understand Interest and Dividends canbe be remiited from NRO bank accounts.
Please advice.
Thakkar

Hey,

What will be the Tax impact on an individual (citizen of USA & RNOR for India)who got dividend in India and same income is exempt to him in India & what will be effect of the same in USA Tax?

Will he be liable to pay tax on the exempt
(in India)dividend in USA ??

Regards & Thanks

I have my HUF since 1992 when I got married,comprising of me / spouse /only one son, it is derived from my father's HUF. My son was born in July 1996, and from July 1998 I have been contributing the maximum limits under PPF in his PPF account from my above mentioned HUF. I have extended the above PPF for a block of 5 years from today 05-4-2013. Next year in July 2014 my son will become a Major, can I take the PPF outstanding in his name as his capital for his Income Tax Returns. He is already enrolled for PAN number. Further how do i remit further PPF after he attains the age of majority. I would be grateful to the responders.