i have bought a land in metro city on 01.04.2013 for rs 5 lacs and construction cost incurred Rs 15 lac and sold on 26.03.2014 for Rs 30,00,000.

Guidance value is Rs 28,00,000

please advise taxability

Whether cash gift from parents need to register?

If a Indian Person Stay Outside of india for particulars Days as per IT act he is a NRI so i want to ask if the salary received to him there is it taxable in india or not if taxable its condition.

Q- Can I file income tax return u/s 44AD of Partnership Firm having no turnover in FY 2012-13 however the firm has purchased seized factory which includes land, machinery, Factory Shad etc worth Rs.5 Cr from the Bank. (The said factory is seized by the Bank which was purchased by the said firm).

Thanks

Hello expert,

I received sum on money in cash from my father in 2011-12, but no gift deed was prepared. I had purchased plot from that money in cash. What it will impact to file return of F.Y. 2011-12 and 2012-13?

Hi expert

One of my Proprietor Client doing two Bisiness
1. JOB Working
2. Trading

Now Total T/o is 1.3 crore( 7 lac- Job Work and 60 lac -trading )
In this case whether I can go for 44AD in case of trading as t/o is 60 lac and in case of JOB work regular return

in f.y. 2012-13 I have spent few month in UK and earn salary from company, on which company Deducted TAX as per UK tax provision. As per residentials status I am resident. I have also earn salary received salary from India. Please telle me how I show Foreign salary income with Indian Salary Income, I have already given TAX in Uk with UK Income. Consider Double Taxation plese give your valuable advice urgently

I have taken loan for higher education of My Children. Can I Take Deduction of Tution Fee Paid through Education Loan.

Total Fee including Hostel Rs. 200000
Tution Fee in Abovementioned Amount Rs. 79000


Bank Paid : Rs. 150000
I Paid : Rs. 50000

How Much Total Deduction is available to me on Account of Tution Fee ?

Dear Sir,

Tds on director's remuneration which company paid to his director's during the financial year 2013-14. my query is that how much TDS to be deducted from director's remuneration and on which date it has to be deposited in Income tax department.


Regards

I have taken loan for higher education of My Children. Can I Take Deduction of Tution Fee Paid through Education Loan.

Total Fee including Hostel Rs. 200000
Tution Fee in Abovementioned Amount Rs. 79000


Bank Paid : Rs. 150000
I Paid : Rs. 50000

How Much Total Deduction is available to me on Account of Tution Fee ?