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Recent Questions

Question added Jun 03, 2015 Income Tax By Abhinav , CA , Alwar

answers

91 views

Q. 269SS and 269T - whether sale consideration recd in cash on sale of property including agriculture land attract provisions of 269SS and 269T

Question added Jun 03, 2015 Income Tax By srinivas nandigam , CA , Hyderabad

answers

112 views

Q. set off loss - loss from card game can be set off aganist income from card game

Question added Jun 02, 2015 Income Tax By Deep jain , CA , Ghaziabad

answers

113 views

Q. 15cb - clerification on following payment made by export company

1.payment of import of material from china ,suppliers does not have any PE or any connection in india
2.payment of international exibition /fair participation-france/use/japan-organisor of fair does not have any PE and connection in india
3.payment of export commission to agent in china,japan -no PE and connection in india

in all the above cases under the followin column of 15 cb what has to be filled up

1.Taxability under the provisions of the Income-tax Act (without considering DTAA)

a.(a) The relevant section of the Act under which the remittance is covered

2.If any relief is claimed under DTAA-
(i) whether tax residency certificate is obtained from the recipient of remittance

3.B. In case the remittance is on account of business income, please indicate

Question added Jun 02, 2015 Income Tax By praveen , new Delhi

answers

118 views

Q. Return of Income - which ITR FROM IS REQUIRED TO FILL BY A RESIDENT IF HE HAS A FINANCIAL INTEREST IN AN ENTITY OUTSIDE INDIA, AS PER LATEST NOTIFICATION HE CANNOT FILE ITR1,ITR2 FOR ASSESSMENT YEAR 2015-16, THEN UNDER WHICH ITR SHOULD HE FILE HIS RETURNED INCOME.

Question added Jun 01, 2015 Income Tax By Atulkumar Lohiya , CA , Nagpur

answers

229 views

Q. Declaration u/s 194C(6) - Sir, whether the decalartion u/s 194C(6) can be submitted by a transport contractor not owning truck, but the transportation will be provided by hiring trucks. His transportation receipt in crores.

Question added May 29, 2015 Income Tax By DEEPINDER KAUR , CA , S.A.S. Nagar

answers

107 views

Q. TDS-registration error - When i try to register as a new user on the Traces site,it shows the error as "Invalid Details" under the step 2.Please Help?

Question added May 28, 2015 Income Tax By CA NEERAJ GOYAL , CA , Faridabad

answers

172 views

Q. TDS - Do i need to deduct any TDS if i have taken a home loan from any NBFC, what if it is a housing finance company, and, will it make any difference if the loan taken from HFC is in the nature of Loan Against Property...please share the relevat case laws with reference of sections in this regard. Thanks in Advance,
CA Neeraj Goyal

Question added May 27, 2015 Income Tax By SHYAM , CA , Bhanpura

answers

100 views

Q. f and o trading loss - can F&L trading loss be sett off against other income

Question added May 27, 2015 Income Tax By SHYAM , CA , Bhanpura

answers

103 views

Q. section 44AD tax paid money or not - income offered u/s 44AB 8%, actual income 70%, whether remaining 62% is tax paid money or not?

Question added May 27, 2015 Income Tax By K JAYARAMAN & CO , CA , Chennai

answers

176 views

Q. filing of form no.15G/15Hfor non deduction of tax at source - AN AOP(FLAT OWNERS ASSN)
WANTS TO FILE 15G/15H WITH BANK FOR NON DEDUCTION OF TDS ON DEPOSITS OF ABOUT RS,50LACS KEPT.(INT PER ANNUM IS 4.5LACS.

Question added May 25, 2015 Income Tax By NAROTTAM MAHESHWARI , CA , Indore

answers

147 views

Q. Capital Gain - As from 1st June Sale of Plot more than 20,000/- require payment by cheque but in the case where cash received before 1st june and registry made after 1st june what will be the position.

Question added May 24, 2015 Income Tax By ANSHUL GUPTA , CMA , Rishikesh

answers

163 views

Q. Income tax -Salary Allowance Query - Query: Taxability of Special Allowance Paid to Employees for Serving in the difficult and Far Flung areas
In one of our company project site located in Chamoli district of Uttarkhand, one special allowance @ 10% of Basic Pay (Variable) is being introduced to be paid to employees posted in Project site for Serving in the difficult and Far Flung areas.
Prior to this special allowance, a fixed Remote allowance of Rs 1300 per month was being paid to employees which was exempt from tax under section 10(14) (ii) being the area i.e Chamoli district specified in rule 2 BB of the Income Tax Act 1961.The same shall be discontinued upon introduction of above special allowance.
The special allowance allowance is recently being introduced to be paid to Central Public Sector enterprise employees (CPSEs) for serving in the difficult and far flung areas in pursuance of Department of Public Enterprises (DPE) guidelines issued vide OM dated 22.06.2010(Refer DPE website for more details )
Whether the special allowance @ 10% of Basic Pay (Variable) will cover under section 10(14) (ii) or any other sections of the Income tax Act and will be exempt from tax to the tune of Rs 1300 per month or will be fully taxable or fully exempt or partly exempt from Income Tax.
If partly exempt then what will be the amount of exemption available to this allowance.
Kindly advice

Question added May 23, 2015 Income Tax By MAHESH RATHI , CA , Hyderabad

answers

173 views

Q. Capital gain - Assesse has came to an agreement to sell property in month of may , though the agreement is not registered , the stamp value as on date of agreement is considered selling price , the assesse also calculated and paid the capital gain on such amount & sale agreement is done in month of may .
know A.O is asking to pay capital gain on stamp value as on selling date .

Question added May 22, 2015 Income Tax By SURENDRA GUPTA , CA

answers

130 views

Q. HUF - What activities HUF can do legally

Question added May 21, 2015 Income Tax By MANOJ KUMAR MISHRA , South West Delhi

answers

157 views

Q. income tax return - dear sir, i want to know that i have a client and he is proprietor is own business his gross income is 1542000-00 and he want to file return in first time, i request to sir please give me a advice and know me how is return file on few tax liability

Question added May 21, 2015 Income Tax By MAHESH RATHI , CA , Hyderabad

answers

132 views

Q. Capital gain - Agreement for sale of property is made in month of march2013 & sale is made in the month of may 2013 , but the market value as per agreement date & sale date differs , Assesse has taken market value as per agreement date & on same capital gain is shown in his I.T.Return .But the Assessing officer not agreeing .

Question added May 18, 2015 Income Tax By Shubham Goel , CA , Meerut

answers

129 views

Q. Income tax query - Some one told me that there are some kinds of changes on income tax and tds sited..but i am not getting it..Is there any one who can help regarding the same.

Question added May 16, 2015 Income Tax By NAROTTAM MAHESHWARI , CA , Indore

answers

88 views

Q. Development of colony - What is the treatment under Income Tax for developing agriculture land to residential colony and sale the plot, if land owner and developer is same and if land owner and developer are different person.

Question added May 08, 2015 Income Tax By DHIRENDRA GUPTA , CA , Aurangabad

answers

366 views

Q. TDS return.in last quater F/Y 14-15. - If any advance TDS depoisited by deducter in previous F/Y 2013-14 but some amount is advance TDS
Can f/y 14-15 return any advance deposited in previous year are adjustable in current year ie 14-15.

Question added May 02, 2015 Income Tax By pramod bothra , CA , Surat

answers

190 views

Q. 234E - what is the latest position , should we deposit the fee or wait

Question added Apr 24, 2015 Income Tax By satvinderwalia , CA , JALANDHAR

answers

424 views

Q. Private trust with profit - Can private trust receive loans from NRI and intt on such loans on annual basis.What will be its tax implications

Question added Apr 18, 2015 Income Tax By deepak prajapati , CA , Jaipur

answers

323 views

Q. ITR - As per recent notification taxpayers filled ITR-3 or ITR-4 is also included in the notification for disclosing all bank accounts of the assessee or not ?

Question added Apr 08, 2015 Income Tax By Aarti Sachdeva , CS , New Delhi

answers

265 views

Q. Income Tax - Private Limited company allot shares after conversion of two years of proprietorship concern to private limited company. Shareholding pattern will change after allotment of shares. As per section 47 of income tax act, this is permissible??? Please guide

Experts Panelist

Rambabu Senkarasetti

Accounts, Audit, Corporate Law, Finance, Income Tax, Service Tax, Students, VAT

Answers Posted : 409

CA Satuti Mahajan

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Vikash Kumar Jha

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Rishabh Upadhyay

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Ashish Karundia

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Answers Posted : 257

Mrattunjay

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Answers Posted : 220

PRIYANKA

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Answers Posted : 136

CA. SURESH Kr. AGARWAL

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 131

Vaneet Gupta

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Answers Posted : 120

Ketan Samdani

Accounts, Audit, Corporate Law, Excise, Finance, GST, Income Tax, Service Tax, Students, VAT

Answers Posted : 117

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