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Raj
21 February 2018 at 18:11

Taxability of gifts to relative

What is the taxability of cash gift of Rs.10 lacs received from elder brother (received through cheque in bank account)

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Anonymous

if an assessee has started R.D. of monthly installment of Rs.1050 for 6 years on 12/03/2012 which will matured at Rs.100285 on 12/03/2018. now I want to the taxability of interest which is difference of 100285-75600(1050×72)i.e.24685,whether it will be taxed proportionately for all the 6 years or taxed in the year of maturity?

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drishti makhija
19 February 2018 at 13:43

Type of income tax return

one of my client has income from an NGO as an employee by imparting professional services which income tax return should be filed ITR1 OR ITR3?

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abhishek singh
18 February 2018 at 15:44

is it necessary to file ITR

my grand father is a retired govt employee and a senior citizen and receiving pension with in rs 3 lakh and not filing any ITR but this year he has got gross total income rs 4lakh due to arrear recived.so my que is whether he has to file ITR this year if yes then for further years it is compulsory to file ITR.

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TARIQUE RIZVI
17 February 2018 at 11:44

It return filing with taxliability

Can we file income tax return without paying income tax liability ? Is it possible sir ? If it is possible, what will be the consequences an assessee can pass through after filing ITR.

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shalabh gupta
16 February 2018 at 07:39

Tan No/Employer detail

what Tan no /employer Detail Shows , if the pensioners receipt pension from Treasury.

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Anonymous
15 February 2018 at 22:42

No pe declaration doubt

One of my client is a foreign based company. They have a office in Dubai under a company name assume "A International" and they have a office here in India named "A Solutions" here it's a partnership firm and in Dubai it's a Proprietorship. And the partners are Indians only who reside in India. They generally bill me in USD and so if they give me a No PE certificate is that valid ? Pls help me out

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RAKESH KUMAR BEHERA
15 February 2018 at 22:18

Salary is taxable or not in india

My Client is an Indian Ship Crew member who is working for an Indian Shipping company(Chennai), going abroad on an Indian Ship, and his stay in India is 166 days. I would like to know whether his salary received is taxable or not ? He is receiving salary from abroad(dollar) in his Bank account in India. Please tell me whether he is resident or non-resident and if salary is credited to the bank situated in India.
is he taxable ?
if Not How File Return.

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Debasish Pramanick
15 February 2018 at 19:35

Help required for for efiling of ITR 2

I m filing ITR 2 for F.Y. 15-16 for having 1 lakh rupees STGC from share maket trading. I have no other income. So inspite of having non taxable income it shows me 15000/- of income tax at special rate. is there no benefit for STGC not excedding Rs 250000/-?

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SUSHIL GUPTA
14 February 2018 at 21:22

Section 194c

Dear Experts

We are manufacturer of condenser used in refrigerator and manufacture wire in house that is used in condenser.
For wire manufacturing we purchase MS rod, because of not having capacity to full fill demand of production dept. we also purchase wire from outside suppliers, one of the outsider supplier purchasing rod from us and selling wire to us that was produced from the rod purchased from us.

Now my query is that, is this scenario covered in under section 194 C ?

Should we deduct TDS on the payment to supplier for purchasing wire under section 194C?

Pls suggest.

Thanks
Sushil Gupta

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