For convenience sake the son/husband transfers amount into bank account of parent/wife for daily household expenses. How is this viewed by income tax dept? This amount is certainly not a gift in the hands of the recipient but this transaction is essential for family members and a very convenient system for all members.
I’m pretty new to this forum. Glad to meet you all. I think this is a place where I can clear all my concerns regarding importer of records. I am in need of a company that provides professional IOR services online ( https://tecex.com/importer-of-record ). But, before approaching such a company, I want to clear some doubts. What are all the documents to be produced before them for a service? How much would this kind of companies charge for their service? What are the factors to be noted while signing an agreement with an importer? Will the importers be responsible for the goods? Are there any rules for customs valuation worldwide? I know, it’s not much easy to give an answer to all my queries. So, please provide me the details if you are familiar with any of my concerns. Thanks in advance!
I have a query. I have been investing in a private Chit company since 5 years. My chit last installment will be ended on 28th Feb 2018. My chit will be closed and getting nearly nine lacks of cash in hand in the month of Feb 2018. Should I pay any tax on this amount. Can I deposit this amount in my bank a/c. If I am deposit the money in my SB a/c, will the IT send any notice regd the deposit of the nine lacks. Please provide details and suggest me.
Thanks & Regards,
Pensioner getting int on FDR now for tax purpose income tax and TDs for senior citizen 60 To 79 where to add in income or Int FDR what is eligibility for exception for FY 17..18. How to calculate tax give example 33000 × 12. + 85000 Investment 150000 medical ins premium 36000. Super senior medical 70000 krishnamoorthy 9629813218 senior citizen
I am already paying the tax for my salary. This year I also tried my luck in the sharemarket. I lost my 15000 rupees in commodity trading and got a 3000 profit from equity by buying and selling the equity share. (Buy a company share and sell that share after three months with a profit of 3000 rupees). Do I need to pay tax for this 3000 rupees?. Some sites show we need to pay 30% of profit as the tax for short-term profit. is it rt?
A009125405, my pancard coupen number, I applies for 1.5 month ago, that one status condition is, processing, but not moving in next step, I am complete the biomatric problems but not moving in next step so, ur pleace help me sir
If I buy a car with my money and is registered in the name of my daughter, who is employed, is she liable to face any tax related problem? The value of car is Rs.7 lacs (on road price) with upright payment being paid from my retirement benefits.
How much I have to pay as a premium under health insurance scheme to avail benefit under section 80D. Since the facilities under section 80C was exhausted. Whether the entire premium will be shown for exemption under sec 80D ?
I used my 20 year old full time student living with me as a dependent on my taxes, however when she tried to efile to get her little bit of money back from what she paid in working (just like we did last year) she got to the end and it said “someone else has already efiled with that same social security number as yours”. is this because I claimed her as my dependent or is it possible that someone else stole her social?
if i transfer 20 lacks from nriNRI account to my house wife saving account, is there any tax obligations and if she invested in stock market or any other investment, what is the tax rules……very much appreciated your valuable advise, thanks $ Regards
I have a NRE account in SBI. I want to transfer money from NRE to my savings acct in SBI..but both are not linked. So while transferring what should I mention in reasons..Transfer to relative/friends OR transfer for investment. Is any tax issue wth ths..Thanks