What is the difference between TAX & DUTY? If they are same , then why they are called differently?

Hi. My mother earns a rental income of 40k per month. can her 4 son's receive rent from tenants every month. Can all 4 son's file IT returns instead of her. she is uneducated and does not have PAN.

Dear Experts,

The Assessee has sold a motor car on 21st july 2016. WDV of car 3,00,000/- and Sold Value 2,50,000/-, can depreciation be claimed on the car sold, There are other assets in the block. what is the accounting treatment . please reply.

Thanks

Sir by mistakenly give wrong mail id in Approval of TIN in Traces Registration. Pin received to mobile but no link to mail.
In TRACES give TIN IS already Registered What is Solution........plz kindly............

Hi

Our company has MS Office License ...Do i need to Capitalise it or Expense it

i file all qtrly return of vat rajsthan and also annual return but i forgot to meintion one inter state purchses. and party want c form from me . please sugest me some solution what i do to obtain c form of that purchase . i filled my annual vat return please give sugesstion as soon as possible

Print FriendlySMART PRINTKnow everything about Pan Card for NRIsNRIs have invested heavily in India and they play crucial role for India’s development. If they make payments for certain type of expenses, Tax rates would be high. PAN card is mandatory for certain types of transactions. In this blog, we are going to discuss about the steps required to get Pan Card for NRIs.A PAN is mandatory for every person who is required to file a return, and for those who wish to carry out a financial transaction for which the quoting of PAN is compulsory. An NRI (non-resident Indian) also needs to obtain a PAN if he falls into either of the above categories. The procedure to obtain a PAN Card for NRIs is fairly simple and similar across all categories of individuals. However, NRIs need to provide certain documents while applying for a PAN, which are specific to them.Those who are unable to furnish PAN details have to face higher TDS rates [under section 206AA of the Income Tax Act, 1961]. This provision applies equally to NRIs, and foreign company, who must furnish PAN information or else TDS will be deducted at maximum rates.But in a recent circular the income tax department has eased the rules for NRIs who don’t have PAN or foreign companies who do not have a PAN and receive certain payments.Don’t have a PAN card ? Don’t get despair ! You can apply for ONLINE PAN application through our site TaxOrigin.comFor NRIs who are Indian citizens have to apply for a PAN by filling Form 49A, while NRIs with citizenship of another country need to fill up Form 49AA. These forms can be accessed, filled and submitted online through the websites of UTIITSL and NSDL. On submitting the form, an acknowledgement copy with a 15 digit number is generated, which needs to be sent to the designated address along with other documents.Documents to be submitted:Two photographs – must be pasted in the space provided in the acknowledgment formA copy of the passport as proof of identityAny of the following will serve as proof of address: Copy of passport, Copy of bank account statement in country of residence and Copy of NRE bank account statement showing at least two transactions in six months.So, after this process gets completed your Pan card is just 15-20 days away !It is advisable to apply for PAN card and feel relax and in case of any query I suggest you to consult a Chartered Accountant or any other person dealing with such matters for better income and investments planning.I hope this blog might have cleared all the doubts regarding Pan Card for NRIs. You can comment here if you have any questions/suggestions.Thank you.Yash Kapadia

What are the benefits in respect of second home loan availed from bank. I already have 1 home loan where I am availing interest and principal and 80 c benefit

Hello Good Evening Sir
Sir I Have Paid Lic Premioum Lic Have Declare Servic Tax PAid By Customers In APril 16 Sir my Q Is CAn I Have Claim In Sec 80 C Is Full Paid AMount With Servic TAx Or Claim In 80 C Only Premioum AMount Which Amount Claim In Sec 80 C Deduction Please Guide Me.

as per provision construction should get completed within 3 years from the date of sale or transfer.What if construction is completed before sale of old house property.