Whether long term capital gains invested in a house outside India is eligible to claim exemption (S. 54, 54F) ?

IF AN ASSESSEE INDIVIDUAL SELLS HIS RESIDENTIAL SITE IN INDIA AND GIFTS THE SALE PROCEEDS TO HIS DAUGHTER (NRI) FOR THE PURCHASE OF A RESIDENTIAL HOUSE OUTSIDE INDIA, CAN THIS BE ELIGIBLE TO CLAIM EXEMPTION?

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  WITHHOLDING (TDS) RATE ON PROFESSIONAL/FEES FOR TECHINCAL SERVICE PAYMENT TO NRI

WHAT WILL BE THE WITHHOLDING / TDS RATE ON FEES FOR TECHNICAL SERVICE PAID TO NRI (RESIDENT OF USA). PLEASE NOTE, TRC OF THE NRI IS NOT AVAILABLE. CAN BENEFIT OF DTAA BE CLAIMED. WHAT IS THE TAX RATE AS PER INDIAN INCOME TAX ACT AND DTAA OF USA ON FTS. AS PER MY UNDERSTANDING IF THE RECEIVER DOES NOT HAVE PAN - THEN TDS AT HIGHER RATE OF 20% IS TO BE DEDUCTED. WILL THIS PROVISON BE APPLICABLE HERE?

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  Time limit for Issuing scrutiny notice u.s 143 (2) , FY 2018-19

Dear Shashi ji, Could you pl advise us the last date for issuance of notice under 143(2) for FY 2018-19 not for FY 2019-20 Kind regards Sameerjain

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  Issuing scrutiny notice _ AY 2019-20

Dear sir, Which is the last date to issuing scrutiny notice for AY 2019-20 ? Kind regards, Sameer jain

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  Whether amount transferred to Indian Bank account of non-resident, for the dividend payment, whether the company can file Form 15CB?

Due to the introduction of TDS on dividend payments, the company has deducted TDS u/s 195 for the dividend payments to non-residents. Should the company also file Form 15CB for those cases? Also, please clarify what is the applicability of Form 15CB if the transfer is made to the Indian bank account of the non-resident?

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  Whether gift my maternal grandmother to the grand son is considered as relative and exempt u/s 56 (2)(x) of the Act?

Is gift by maternal grandmother to the grandson covered under the definition of relative for the purposes of section 56(2)(x)?

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  During the assessment proceeding U/s 153C whether the A.O can make enquiries relating to the issues other than issues covered by the reason recorded for issuance of notice u/s 153C of Income Tax Act.

During the assessment proceeding U/s 153C whether the A.O can make enquiries relating to the issues other than issues covered by the reason recorded for issuance of notice u/s 153C of Income Tax Act. During the course of assessment proceeding U/s 153C whether the A.O should confine the finding only to the extent of the reasons recorded for issuance of a notice U/s 153C or can he go beyond the reasons recorded. Thank you

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  When a transporter having more than 100 Cr of Turnover purchases Diesel from Indian Oil Corporation Ltd and receives Petro Cards of the same amount is he liable to deduct tax at source u/s 194Q of the Act ?

A transporter having more than 100 Cr of Turnover purchases  Diesel from Indian Oil Corporation Ltd.It makes advance payments to the Co and in return receives Petro Cards of the same amount.The no. of Petro Cards and value charged to each card is as per the requirement of the transporter. The driver of the individual truck is buying diesel from any  dealer of the IOC  located on his allotted route by swiping the Petro  Card on the POS machine kept at the pump.The pump owner hands over a machine generated slip of the quantity of diesel filled and amount thereof.…

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  Can a son claim deduction u/s 24(b) , if he is not the co-owner of the property ?

Regarding the deduction available u/s 24b of Income Tax Act, Can a son who is the co-borrower of the loan taken claim the deduction u/s 24(b). Please note that he is not the owner/co-owner but complete EMI is getting deducted from his bank savings account. His mother is the only owner of the property. Please help on this issue. Thanks

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  Presumptive Income under section 44AD of the Income tax Act 1961 how many years the assessee can continue ?

Individual or HUF who opt for Presumptive Income under section 44AD, is he continued till turnover not exceed as prescribed by law or he will continue for only five years from the date of first year when he opt for Presumptive Income.

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