Tax implication
am about to buy a property in Noida. I am taking about 30 Lakhs from my father's savings account through online transfer to my own account. Will this have any tax implications for my father or me?
( Noida, Uttar Pradesh )
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Dear Client,
The amount described in your query will not be treated as a genuine gift under income tax law. Any money received in consideration of not filing a complaint or suppressing information ma...
Dear client,
Your tax liability will not depend on how you transfer the money, but on the legal structure of your business arrangement and how income is recorded in books under the Income Tax Act, 19...
Dear client,
In general, it is not legally advisable to include multiple, unrelated issues in a single case, unless they arise out of the same transaction or a continuous chain of facts and the court...
Dear Client,
Form 16A is a certificate issued by your employer that details the Tax Deducted at Source (TDS) on your salary. It is typically provided by June 15 following the end of the financial yea...
Dear Sir,
You cannot claim this retrospectively as exempt in old years.
If contribution exceeds ₹7.5 lakh in FY 2021-22 onwards, the excess portion is taxable in the current year....
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