MR X GETS A PENSION FROM US ,(he has worked for 20 years in US) HE IS RESIDENT IN INDIA FROM LAST 10 YEARS.
QUESTIONS..
(1) weather the pension should be taxable in the hand of x????
(2) if x died and her wife receives the pension, then weather it will be taxable in the hands of x's wife ??????
waiting for your valuable replies.
thanks
I RESIDE IN THANE (MAHARASHTRA), I AM GOING TO BUY A READY POSSESSION FLAT(I AM FIRST PURCHASER), THE BUILDER IS CHARGING ME VAT AT THE RATE OF 1%, SO I WANT TO KNOW IS THERE VAT LIABILITY ON IMMOVABLE PROPERTY AND AT WHAT RATE AND HOW IT WILL BE CALCULATED ? PLEASE SOLVE THIS QUERY AS SOON AS POSSIBLE.
My friend's father is a retired(volunteer) Central Govt. employee.He is having a joint account with his wife.He got his retirement pension in that account and invested whole amount as fixed deposit jointly(names of both primary and joint holder is included) through cheque.
In first year the bank deducted TDS against PAN no. of his father and thus he showed whole interest income in his return.
Now for this A.Y he want to show either whole or half part on interest income in his wife return.
Is it possible for him to do so. Is there any such provision in Income tax in this regard.
Dear friends/ experts,
I have some querries, I need clarrification
1. Can Individual CA holding COP in Individual name , be a auditor of Private Ltd Co.?
2. Can Chartered Accountant do a Secretarial work ( ROC Compliance ) of co.?
3. Whether NOC required from existing CS of the company for doing Secretarial Work?
dear sir
can I enter amount of petrol exp, electricity exp in coloumn power and fuel
in itr4? please advice me sir I already entered in conveyance coloumn because the assessee is a commission holder agent.thanks.....
Friends,
I would complete my 2 yrs of articleship in the next month and would like to pursue industrial training during the last yr of my articleship. Hence, please inform how to apply for the same?? whether I should inform the institute?? How to approach the notified companies by the institute?? Please guide me. Thanks in advance.
I am an article who has completed just 5 months of his articleship period. Now, I want to take transfer but my Principal is asking to wait in the same firm for more 3 months. I cant afford to stay here because then I will loose my chances of getting into better firm. Please help as soon as possible.
Dear All,
Is it mandatory to file a return of income in order to claim exemption u/s 54 of the Act? (The assessee does not have any other income).
Are there any case laws on this matter?
Thanks & Regards
Dear sir/madam,
My client has an old agriculture land. He has purchased it in 2004. He has converted this land into non-agriculture land and develop a residential society on it. Out of these plots, he has sold 60% plots in current year.
Now my question is that can we consider the profit from the sales of the said plots under the head business or profession..? And can we show balance plots as a stock in hand..?
Is there any implication under the head capital gain..?
dear sir
there is a coloumn in p/l a/c in itr4 is life insurannce, medical insurance etc. is lic premium paid enter this coloumn but lic premium is deductible u/s 80c and enter lic premium in deduction column, please advice me sir. thanks......
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Tax on pension from america(us)