I would like to know the procedure for reporting foreign inward remittance with the authorised dealer bank of a construction company that is to be started by nri's in india.

is there any rule that a director in the company should be a resident in india

pf and esic paid by employer comes under which group current liability or indirect expense

Am I necessary to file income tax return if I am having only interest income above basic income liable to pay tax i. e 2 lacs?

If a religious trust recd. rs. 10 lacs as donation and out of these only 2 lacs has been applied as expenses then remaining 8 lacs will be taxable or not and this trust is registered under 12AA

How can a salaried person claim deduction of house rent paid by him from his salary income.if his landowner did not allot him his pan number.

Dear Sir,
Myself, my wife and my father are in govt. services and are earning Rs.40000 each.
We have two home loans
First home is in the name of myself and my wife for which we are paying 12500 each i.e., 25000 as emi.

Second home is in the name of Myself, my wife and my father for which we are paying 9000 each i.e., 27000 as emi.

Myself and my wife are enjoying tax benefits on our first home.

My father is having tax benefits for the second home we bought.

I am planning to form HUF.

Query is -

1 Who should be karta for max tax benefits.

2 For the second home, to get maximum tax benefits, do we 3 need to transfer that home in the name of huf ?

3 If yes, than what is the procedure.

Thank you so much, waiting for your kind response

1.My mother, who is a family pensioner and daughter in law (my father is no more),has received Rs 2.5lacs by cheque (after my paternal grand parents passed away recently )from my uncle as part of sale proceed of my grand parents property.my uncle felt that if my father was alive,he would have got his share and hence thwey wanted to give to my mother as inheritance.My query is a) can my mother,who has been a daughter in law,claim exemption of this amount under inheritance?

2.My mother ,by virtue of inheritance of property of my maternal grand parents,has a property in kerala (which is locked) and stays in her house in mumbai (occupied) the rent for the property in kerala is rs 3000 per month and my mother pays her property tax..my query is a) does my mother need to pay wealth tax and how it shiuld be calculated.

3.since my mother's 80c is full.pls let me know other avenues where my mother can make futher investment for tax exemption

Dear Experts,
I gifted a residential flat through a registered gift deed having circle value 9.27 lac in 1013 to my younger sister .This flat was received by me in family partition in 2009. As I have transferred an immovable property through a gift deed do I have to pay capital gains tax?
Thanks in advance

I am providing Manpower Consultancy Services & have paid my Service Tax Amt is Rs. 12000.00 for the Period of 2012 - 2013. But not filed Return till now please advice if I can save my penalty anyway possible.
If not possible then what is the penalty amount I have to pay.

Thanks for your help in advance.

I hav registered in jan 2010 for ipcc so when should i re-register again for it. should i register it know or later?