R
Raj Jose
Can I accept 20 lakh rupees in NRO account from non-relative as a gift?
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Certain receipts have been specifically exempted from these provisions. In case of individuals, receipt of either cash or immovable property or other specified property under the following circumstances is not to be subject to tax in the hands of the recipient:
receipt from relatives;non relatives is not exempt
Y
Yogesh Mangaj
I am a salaried individual, and I traded in F & O with turnover less than 1cr and running into losses. Do I have to get my tax audited by a CA?
A
Amit
Sir/Madam,
I have received communication of proposed adjustment u/s 143(1) a of Income Tax Act, 1961 three days back.
As per my Form 26AS I have received Rs. 5,296/- as Interest of Fixed Deposits with Bank.
They have asked me to response on the same with a period of 30 days from the date of issue of the communication.
Kindly guide what I need to do.
Thanks for your help.
Regards,
Amit
S
Sukumar Kotyan
I have resigned my job and received my Pf amount with Less 10% TDS deduction.How to get that 10% deduct money? at present am not working anywere and also i don have form 16 to claim income tax
File your return ITR with gross income and eligible deductions under Chapter VIA, in tax payable deduct TDS already deducted
CA Amit S 29 Aug 2018File your return ITR with gross income and eligible deductions under Chapter VIA, in tax payable deduct TDS already deducted
T&C applyS
Sridharan Karthikeyan Karthikeyan
Buying a resale property in Chennai for a sale consideration of Rs.4850000. Opted for a Home loan through HDFC bank, During Initial process Bank had confirmed me that I am eligible for a loan amount of Rs.3880000, So with this confirmation, I paid Rs.500000 towards the advance for this property and remaining through HDFC loan. Finally, Bank had sanctioned Rs.4500000 which includes Improvement loan, Since the sale consideration is only Rs.4850000 and I paid advance Rs.500000 + 4500000 (Through bank) so total works out to Rs.5000000. Now my query is Can I get back the excess advance paid to my vendor if in case I get this how should I show this in the sale agreement made on 17th July 2018 showing already Rs.5 lakhs in that and in Sale deed which I need to draft now. I tried to reduce the loan amount opted for but I couldn't do that. Now suggest me how to go about it as I need to pay only Rs.3.5 lakhs instead of Rs.5 lakhs the difference of Rs.1.5 lakhs how to adjust in sale deed and in the sale agreement. Kindly help me with your expert commands. Thanks.
