Income Tax QnA - Page No 4729

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Jayendra

05 April 2017 at 11:48

sumptuary allowance

why it is paid ? how much is exempt ?

BHARGAVI VENKATESH

05 April 2017 at 11:17

I have received a notice u/s 148 for escapment of income for the ass.year 2010-11. The notice is dated 31.03.2017. The notice was received 03.04.2017. the date of posting is 01.04.2017 .Is the notice valid ?

venkateshrao

Dhiraj Arora

05 April 2017 at 10:44

Daughter gift of rs 5 lakhs by bank transfer to mother. tax

Please help understand the following.

I (daughter) want to gift my mother Rs 5 Lakhs via check or bank transfer. Is cash gift a better option although not my preference?

What tax implication I and my mother may have per this transaction?
What precautions and documentation I and she may need to fulfill any tax obligations if any?

Please help so I can make an informed decision within legal guidelines.

Thanks,
Preeti Ahuja

Suryaprabha

05 April 2017 at 10:43

Preparation of exam

Dear Sir,

Please suggest me to how to prepare for IPCC exams.

what are the updated books can i buy to give my attempt for nov 17 exams.

my sro no: SRO0555570

Anonymous

05 April 2017 at 10:41

Cash withdraw from bank exceeding 2 lakh

Dear Experts,
Can i withdraw the Rs. 3 Lakh cash from firms's OD A/C in single day? If so what will be consequences,

Thanks In Advance
TANVI AGARWAL

Shubhankitsoni

05 April 2017 at 10:22

Income tax file opening in april.17

How to open income tax file for a new assessee. And how many return may be filed. Earlier we can file only 2 year return .

Mahesh

05 April 2017 at 09:45

Ltcg

Dear sir
For LTCG Holding period is reduced from 36 months to 24 months. But in finance bill i read these changes are effective from 1st April 2018 and are effective for the AY 2018-19?. If it is effective from April 2018 the AY has to be 2019-20. Can anyone clarify this

If i sell a property purchased in April 2015 in May 2017.Will it be a LTCG?

Thanks and Regards
Mahesh

Prashant Kumar Gupta

05 April 2017 at 06:50

NPS scheme

CTC 1200000, home loan repayment rebate is still going on, nps scheme would be beneficial for me?

harshit gupta

05 April 2017 at 03:19

Calculation of avg profit

profit for year :
2011- 10lacs
2012- -12 lacs
2013- 15 lacs

for calculating avg net profit of 3 preceding years will we consider -12 lacs. please tell the calculation.