Income Tax queries [12847]

All Resolved Open

rl334709

26 September 2014 at 20:50

Interest on gifted amount

If a father transfers a money amount , as a gift (without making any written gift deed), into his 26 years old son's bank account through a cheque of his own bank a/c, and then the son makes f.d. of that amount and earns interest on f.d., then in whose IT return, the interest amount should be shown as income?

Will interest amount be clubbed in father's income?
Or should it be shown as son's own income in son's IT return ?

Is it really necessary to make a gift deed even if the amount is transferred through cheque ?

Eswar Reddy S

26 September 2014 at 20:44

Dtaa effective rate of tds

Dear All, Please tell me the effective rate of tds for foreign remitance for technical consulting. Is it 10% or 10.3%

NIKHIL

26 September 2014 at 20:29

Itr

whether due date of income tax return extended in telangana state

Anonymous

26 September 2014 at 20:22

Transaction made in tally

how to make in tally
when advance given to staff for travelling exp.
Then pass (f5) payment mode
Ajay A/c Dr 5000
To cash 5000

on receipt of bill of Rs 4000 and cash Rs 1000
then what we can pass (receipt f6)
travelling exp. 4000
cash a/c dr 1000
To ajay A/c
if ajay give rs 7000 bill then what we can pass through (f5 paymen)
travelling exp. 7000
To Ajay 5000
To cash
just i want to know (payment mode and receipt mode is correct)

manoj goyal

26 September 2014 at 20:19

Final class

DEAR SIR
I WANT TO TAKE LAW (FINAL) CLASS FROM BANDARI SIR .MY ATTEMT IS IN NOV 2015. BUT BATCH IS FOR MAY 2015 ,IS THERE CHANCES FOR CHANGE IN LAW FOR NOV 2015