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Budget 2012-13 has a very strong provision for curbing black money practices. One of the easiest way to convert black money to white was through share premium of private limited companies which used to create a company, accepting huge premium on a very small paid up capital and then selling the company at very small [...]
There has been a spate of fictitious offers of cheap funds in recent times from the fraudsters through letters, e-mails, mobile phones, SMS, etc. Almost everybody is getting mails or sms of lottery winnings and for that small transactions fee is charged. The gullible masses , out of sheer greediness , are believing such mails or sms...
dematerialized shares tax methods : We have a demat account, My mother (X) is first holder, My wife (Y) second holder & My self (Z) third holder. All the investments source of funds is from my mothers account (Money is mothers) all gains (short time or long term) is chargeable to whom???? Rajesh , Banglore Since the money is all
I want to know about TDS, since I won a contest in which I got 1 Lakh cash prize and TDS of 33.6% is deducted from that amount, since I am a student with no income, so whether that amount will be refunded to me and if yes how. Atul Vohra , Shimla No, the
I had received a big amount from my NRI husband. 1) I have a PAN card but don’t fill return .Is there any need to file a return 2) If I invest the gifted money in FD ,will there be any tax deduction at source or3) Do i have to show the interest earned in...
Form 15G or 15H are declaration for individual residents and HUF that they have neither taxable … [Read More...]
Deduction u/s 80E of the Income Tax Act is allowed to individuals who takes education loans for … [Read More...]
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