I have heard from an Income Tax expert on all India TV show that you cannot gift to your wife.
My question is suppose I have Fifty Lakhs in Bank. I have other taxable incomes and to save tax if I transfer this amount to my wife, who has PAN card, and my wife makes F.D. from that amount and pay tax on interest she will earn from it or utilises exemption limit of Rs. Five Lakhs income available to her and I show this transfer as loan . Is this transaction permissible under I T. Act ?

Dear sir,
I have seen 26AS where mention Details of Tax Deducted at Source for 15G / 15H Total amount credit Rs.13984/- I have submitted 15G in a bank. So means bank has deducted TDS on this value. Total Tax Deducted 0 Total TDS deposit 0 Please clear to me Sir

Dear sir

How to Show Sales of Milk, cured, buttermilk whether as nil rated items or exempted in GSTR 1??

RESPECTED SIR

WE HAVE PURCHASED AIR CONDITIONER FROM PARTY IN FEB 2019
BUT AIR CONDITIONER IS NOT WORKING PROPERLY ALSO PARTY HAS NOT DEPOSITED GST TILL NOW.
PARTY IS NOT PROVIDING PROPER SERVICE TILL NOW.
SO WE HAVE NOT PAID SOME AMOUNT TILL NOW.

MY QUERY IS WHETHER WE WILL BE LIABLE TO PAY INTEREST ON UNPAID AMOUNT AFTER 180 DAYS OF INVOICE?
WHETHER ANY OTHER OPTION AVAILABLE WITH US ?

PLEASE ADVICE ON THE SAME

dear sir,
Whether composition dealers required to give of upload purchase detail in their annual return?

I have some equity shares issued under ESOP by an TECH- MNC. The shares are being quoted in Nasdaq.The company did not register in any stock exchange in India. Now I am not an employee with that company.
I am receiving regular reports from the Broker and company.
I am resident Indian and never been other than resident Indian. I am not a director or involed with any company/entity.
My question is:
1. Whether I have to file IT Return IN ITR 2.
2. Refer Part A GENERAL: There is a column to disclose unlisted shares. Whether I have to disclose the above shares which are not listed in India. OR is it pertain to column (ii) -Citizen of India/POI.
I will be grateful if any one,please advise.

DEAR EXPERTS,
WHAT IS SECTION 80AC IN INCOME TAX.CAN WE NOT GET ANY DEDUCTION . IF WE RETURN FILL AFTER DUE DATE AS PER SECTION 80AC ?

Dear All

If any person sold his old residential house property , which he got ownership by virtue of will then that sale amount is taxable or not as per sale of house property rule under capital gains
Assess see not purchased his residential property , he got it bu virtue of will.

Regards

Mr x. has agriculture land on his name and his wife has also agriculture land on her name, both own agriculture land can we club his wife's income in Mr x's income?
Note: Agriculture Land directly bought on his wife's name not transfer from her husband or gifted

Sir, Need to know on the subject matter. Consider parent company is registered in Europe and have operations in India too. The basic product is sold directly between the customer in India and the parent company in Europe. The Indian company offers Installation support and also carries out warranty obligations.

Under this scenario, is withholding tax applicable for the sales made by the parent company to an Indian customer ?
Is a PAN registration mandatory ?
Also if the parent company applies for a PAN, will he also be liable to file returns in India?

Please advice