- Taxability of Dividend Stripping
- Are single premium life insurance policies eligible for tax benefits?
- What is Intimation u/s 143(1)?
- What Is Form 26AS and What are the Contents OF Form 26AS? How to Download the same?
- SIP GUIDE
- Mutual Funds
- ELSS Guides
- 194 DA – Payment in respect of life insurance policy
- Tax Saving Fixed Deposits
- How to file Return u/s 139(9) – Defective return?
- Who can claim the credit of TDS?
- Mr Amit has a salary income & F & O’s Income? Tax audit under Section44AB is applicable to Mr Amit as his transaction limit of F & O’s exceeds 1 crore. How will be his turnover computed in relation to F & O’s Income?
- Mr Ganeshan is an individual who is employed with a private company and he also deals in F & O’s (Future and options). What is the taxability of his F & O’S income?
- Ms Deeksha received a demand payable in intimation under section 143(1) from Income tax department. Help her in understanding what is intimation under section 143(1), why it is sent to her and how can she respond to Income tax department?
- Rectification under Section 154(1)
- I am an individual with many sources of Income. Determine whether the given Income will be taxable for me or not in India if I am a resident or Non-resident or Resident not ordinarily resident.
- Mr Shahrukh khan is a Resident not ordinarily resident for financial year 2018-19. He sold some shares of Indian Company but received the amount in Germany. What will be the taxability for the capital gains?
- Mr Salman Khan left India for the first time on 5th September, 2018 for vacation in London. Whether he is a resident of India for financial year 2018-19?
- Mr. Aditya left India for the first time on 8th September, 2018 for employment in USA. He was employed in India with a company for 9 years till 6th September, 2018 . Is he a resident of India for F.Y.2018-19? Whether salary or any other Income earned in USA will be taxable in India?
- What is meant by Senior citizen savings scheme (SCSS)?
- What is Concept of Block years for getting LTA benefit?
- I am paying medical insurance premium for a medical policy taken in my name, my wife and children and also paying premium on a medical policy taken in the name of my parents who are above 70 years. Can I claim a deduction for both premiums paid?
- I have received cash gift of Rs. 2,00,000 from my childhood friend. Am I required to disclose the gift in my return of income?
- Who can file ITR 2?
- What is my ‘Income from house property’ when I/my family live(s) in it?
- Are gifts of immovable property located abroad liable to tax?
- On the occasion of my marriage (March 2018), I received Rs 90,000 in cash from my mother . Will this sum be taxed?
- How much deduction can I claim under the Income-tax from the Family Pension received by me?
- I am an NRI, I have a rental income from a house which I own in India. I am employed in UK and I receive salary income in UK. What income should I offer in India?
- How do I request for a refund reissue?(in case of refund failure)
- I have e-filed my ITR, but not yet received my refund till now? How to check the status of IT refund?
- My HRA is Rs. 5,000 per month. Can I claim exemption of HRA even if I have not incurred any expenditure on payment of rent?
- Can any loss be carried forward even if Return has not been filed?
- We are newly setup Company Called VenVina Ltd. We have no idea of advance tax. Kindly brief us regarding who should pay advance tax and what is the consequences of non payment of advance tax?
- A Ltd. is a Company whose Business is booking of Air tickets and Hotels ,for which they charge Brokerage of Rs.300 per Booking. B Ltd. Usually books air tickets from A Ltd. ,for which it used to deduct TDS U/S 194C. A Ltd states that ‘The Charges which they receive are in the form of Brokerage and B Ltd has to deduct TDS u/s 194H and not under 194C’ . Is the Statement made by A Ltd right?
- I have started my Business in the year 2017.As on 1-04-2018 my capital in business was Rs.300,000. My Husband gifted Rs.200,000 on 15-04-2018 which was invested in business. My profit from the same business is Rs.10,00,000.What is the amount of income that can be clubbed in the hands of my husband?
- My employer provides me free meal in office. What is the taxability?
- An individual received gift of three properties from his friend. None of the properties value exceeds Rs. 50,000, but the aggregate value of these three properties exceeds Rs. 50,000. What will be the tax treatment of gift in this case?
- If a couple have four children, can they both claim tuition fees for two children each u/s 80C?
- Does salary include all kinds of Pension?
- Is there any interest applicability, if I file my ITR after due date?
- I am an NRI. Will I be subject to capital gains tax if I sell a house property which I own in India?
- Can I take advantage of tax benefits from housing loan as well as claim HRA?
- I am a part time employee and am also running a business. I suffered loss in business can I adjust the business loss against my salary income?
- Any expenses allowed as deductions while computing Income from Other Sources?
- Any expenses not allowed as deductions while computing Income from Other Sources?
- I earn income solely from fixed deposits and Savings bank interest. Do I have to file an income tax return?
- I received advance salary (for the month of April, 2019) in the month of March 2018. Whether the same will be taxable in A.Y 2019-20?
- Is standard deduction applicable to all the salaried person whether he is an employee of Central or State Government?
- I have received prize money worth Rs 3 lakhs by participating in a game show. Is this taxable?
- If the amount of Rs. 9,500/- incurred on medical expenses is reimbursed to the employee by the employer in FY 2018-19/ AY 2019-20 then what is the tax implications of that reimbursed amount?
- Is the benefit of indexation available for computing capital gains arising on sale of Short-term capital asset?
- I have earned profit from intra-day trading. Is it taxable as business profit or capital gain?
- Are Arrears of Salary Taxable?
- Are Retirement Benefits like PF And Gratuity are Taxable?
- What is the difference between Transport allowance and Conveyance allowance?
- If any employee joins a company in mid of the year, how to consider the standard deduction which was deducted from an previous employer, whether it will be partially claimed from both the employers or it will be claimed from previous?
- Is an NRI taxable on the income he receives, in India and in his country of resident? What is the role of the Double Taxation Avoidance Agreement (DTAA) here?
- What is the difference between exemption and deduction?
- What is self-assessment tax and how to deposit self-assessment tax?
- Who can Use ITR 1?
- Is standard deduction applicable for family pensioners for Assessment Year 2019-20?
- Can short term capital loss be set off against another head of income?
- Can I claim deduction u/s 80C to 80U even for Long term/Short Term capital gain, when my income comprises of Salary, Other income and long term capital gain?
- Is there any exemption relating to interest on capital gains account? Whether interest received on amount deposited in capital gain account under capital gain account scheme is taxable? Under which head interest earned on capital gain account is taxable?
- Who cannot use ITR 1?
- If the Investments are made under Section 80C, in which Assessment year can I claim the deduction?
- How to compute advance tax on capital gains income?
- Can assessee claim deduction under section 80U and 80DD simultaneously?
- Under which head pension received from employee provident fund organization under Employee Pension scheme 1995 (EPS 95) scheme is taxable?
- Will a person holding Indian citizenship be treated as a resident in India for the purpose of charging Income-tax?
- What are the major assessments under the Income-tax Law?
- What are the forms of return prescribed under the Income-tax Law?
- Meaning and taxability of NRO and NRE account
- What is the meaning of stamp duty value and what is its relevance while computing capital gain in case of transfer of capital asset, being land or building or building or both?
- Can I claim deduction u/s 80C at the time of filing return in case I have not submitted proof to my employer?
- If I buy a house jointly with my wife and take a joint home loan, can we both claim income tax deduction?
- My income is Rs 70 lakhs. What type of details of assets and liabilities I need to mention in income-tax return?
- Is rental Income from sub-letting chargeable to tax under the head ‘Income from house property’?
- What do you mean by Casual Income?
- Which Form to be filed for withdrawal from Capital gain account?
- What are the provisions relating to computation of capital gain in case of transfer of asset by way of gift, will etc?
- Are receipts from life insurance policies on maturity along with bonus taxable?
- Surcharge – Definition and Computation.
- How to know about the details of taxes paid by an individual?
- An individual received gift of jewellery from his friends. and the total value of jewellery received during the year from all the friends amounted to Rs. 84,000. What will be the tax treatment of gift in this case?
- What will be the treatment of long-term capital loss arising from transfer made on or after 1st April, 2018?
- Pre- construction interest [Section 24(b)]
- Section 47- Transactions not regarded as Transfer
- Dividend received from an Indian Company.
- I have paid municipal taxes on my house pertaining to the year 2017-18 in April 2018. Can I claim deduction of such taxes for FY 2017-18 (AY 2018-19)?
- Whether Income Earned in Foreign taxable?
- Can I claim 80C deduction for the premium that have been paid for life insurance premium to a private insurance company?
- Is a Resident senior citizen granted exemption from payment of advance tax?
- In case of a self-occupied property, how much of interest on housing loan can be claimed as deduction?
- While computing income chargeable to tax under the head “Income from house property” in the case of a let-out property, what are the expenses to be deducted from gross annual value?
- Can I Claim deduction under section 24 and 80C, if a home loan has been availed for 2 houses?
- Under which section interest on deposit in case of senior citizens is allowable as deduction?
- If I fail to furnish my return within the due date, will I be fined or penalized?
- How to compute Advance Tax on Capital Gains income?
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