DEAR SIR.

MY WIFE IS GETTING GIFT OF RS.150,000.00 EACH FROM HER MOTHER IN LAW AND HER BROTHER IN LAW. BOTH OF THEM DOES NOT FALL INTO BLOOD RELATIONS CATEGORY. SO IN THAT CASE, WILL THIS GIFT CAN BE TREATED AS TAX FREE GIFT OR SHE HAS TO PAY TAX ON THESE RECEIPTS.

PLEASE ALSO ADVICE THE TAX LIABILITIES ON MOTHER IN LAW & BROTHER IN LAW ON GIVING THIS GIFT CHEQUE TO HER.

THANKS IN ADVANCE FOR YOUR EXPERT ADVICE.

Dear Sir,

I have purchased 2,000 Equity Shares of Indian Private Limited Company from two Non Resident. Both are NRI but One is residing in UK and other one is in USA. UK guy is having NRO Account with HSBC in India and USA guy is having NRE Account with ICICI Bank in India. They said me to make the payment in Indian Rupee Cheque. My Queries are as follows :

1. Can i make the payment to both NRI in Indian Rupee Cheues?
2. Do I require to file FC-TRS even payment is made in Indian Rupeess.Who will sign this FC-TRS Form
3. Do I require to obtain the Fair Value certificate from CA under DCF Method ?
3. Do i need 15CA and 15 CB from Chartared Account for filing FC-TRS even payment is made in Indian Rupees.
4.How and where to file this Form FC-TRS ?

Please advise.

Sir,

I have given my commercial property on rent to 4 different concerns for Rs.17 Lacs p.a.

I am receiving service tax on the rent from 2 tenants and other 2 tenant are not paying service tax to me.

Can anybody guide me how to pay the service tax. can I am entitle to take input credit.

sanjay s

What is the last date for completion of scrutiny assessment of AY 2010-11 under Income TAx Act is it 31st Dec 2012 or 31st March 2013.

Respected all

for a prop. firm which tornover is 1.5 crore is liable for annual return or tax audit.

and annula return(Form23) will be applicable only on company or on prop. firm.

Hi..
Can anyone send me the suggested answers of cs professional programme of previous exams..
My id is-
kthanvi2@gmail.com

Thanks

I am having service tax no. & also provided taxable services during the year. However the quontum on invoice is quite small so raised invoice without charging service tax.Now i feel that in the Jan 2012 it will cross Rs. 10/- Lacs.
1) What should i do for invoices i have already issued without service tax ?

Thanks

sir,
My PE I passing certificate contains my signature as my First name letters & PE II passing certificate contains my both first & last letter name signature by mistake & i doubt this might create problem in future for me. Please suggest me how to rectify my mistake & i also want to change my signature as it is very easy.
Awaiting for your prompt reply !

Dear Sir,
One of my friends is nre .he has deposited around 90 lacs as fixed deposit. he has a child whose age is around 20 &a wife .can he transfer the amount to the respective persons account so that he can pay less of tax. if it is notpossible so please suggest me some way for the same.
Thank You.

Capital gain on on sale of gold is taxable.But if I make new jewellery of say 20 gms but instead of paying for full i give away 15gms of my old jewellery and write a cheque only for the remaining 5 gms then how do I account for this transaction???
Will the gold of 15gms transferred amount to sale and I will have to pay capital gain tax on it???