MY GRAND FATHER HAD BOUGHT A PROPERTY IN GUJRAT IN YEAR 1965 FOR RS 40,000/-. TODAY WE ARE SELLING THIS PROPERTY FOR 60 LAKHS. CAN ANY ONE ADVISE ME HOW MUCH TAX HAS TO BE PAID ON THIS ? I HAVE BEEN ADVISED THAT THE VALUATION OF 1981 HAS TO BE ASSESED, IS THERE ANY WAY ONLINE, WHERE WE CAN FIND ITS VALUE ?

IS THERE ANY WAY WE CAN SAVE TAX ON THIS BY EITHER GIFTING OR ANY OTHER WAY ? EXCEPT NOT PUTTING IN GOVT NABARD SCHEME ?

OR WHAT SHOULD BE THE APPROX TAX ON THIS ?

The company had wrongly deducted t.d.s on interest and paid to the central government in accounting year 2007-2008.


Whether is it recovered during the accounting year 2008-2009 or not ?

If Yes, under which section of Income tax is recovered ?

Dear Sir,

We are Freight Forwarding Agents.
Recently while remitting funds to our Overseas Agents (Have no offices in India) our bank is asking for CA certificate in format under Section 195 of the Income Tax Act.

Whether these remittances are liable to Tax in India or not?

Please explain.

Regards,
Shanil

To whom 194 C applicable ?

i Mean who are contrasctors and subcontractors????

i received expert's answer as deduction of tds to be made on basis of bill wise

but i have seen shared file where it is mentioned that TDS deduction to be made P.A . basis

what is final conclusion ????

If an Non-Resident Indian(US Citizen) invest in Indian Co( whether public or Pvt Ltd) and capital gain arise on sale of investment what will be the tax treatment in india and in US.whether is liable to tax pay in india and can he get tax relief in USA for tax payment in India.

one of my debtor has deducted the TDS on my bill and i have niether collected the TDS certificate nor taken any credit for the same in 2006-07 can i take credit of the same agst tax liab for the 2007-08

Kindly advice

TDS to be deducted billwise or on basis of per annum ????

tell me about the benefits of income tax return to a salary person.

Which is the last date to submit return of a Individual, Firm & Auditor.