RBI Guidelines on Fix Deposits in Banks
RBI Guidelines on Fix Deposits in Banks
Dear Sir, I am a senior citizen with 72 years of age. My wife and I have JT FD A/cs(Many FDRs) with a nationalised bank for a period of10 years. My wife is the 1st holder and I am the Jt second holder
1 year ago
A. Dear Sir,
The very first thing that you should do is to give an application to the Bank to change the ownership of the FDs in your name. In my view they have mislead you as after the death of your wife an account can never remain opened in her name.
Once you have got the FD completely in your name then it will automatically solve the issue of the TDS.
As far as receiving the notification from IT is concerned, you just send them a clarification letter about the death of your wife. They should sto ...ReadMore
F&O trading expenses which can be claimed as business expense
Hi, My wife is doing f&o trading and would like to know which all expenses can be claimed as business expense while filing income tax return, 1. She is getting a loan from her friends and family for
1 year ago
A. Dear Sir,
Above questions may kindly be asked to any chartered accountant or auditors who are experts in the financial matters.
Capital Gain Tax - I purchased property
I purchased property A in 2010-11 for Rs. 2 lakhs. Purchased property B in 2022-23 for Rs. 40 lakhs and sold property A for Rs. 25 lakhs in 2022-23 but after purchase of property B. Can Long Term
1 year ago
A. No sir it will not be considered since you have purchased property B earlier and then you have sold the Property A. Hence you will not get any exemption... But for better clarification you may consult with any Chartered Accountant or Income Tax Professional to provide you the best possible remedy. You may also follow the recent updates on the Income Tax Act.
Subhashis Paul
I filled ITR 2 in xlsm
I filled ITR 2 in xlsm and tried to convert it into .json file. It is saying saved in folder wherein xlsm file exists whereas nothing gets saved there. .json is not saving in my system. I tried online
1 year ago
A. Dear Sir,
sometimes due to server problem of IT department such conversion may not happen . you may wait for few days or try to submit your ITR 2 from any other computer system.
Regarding double taxation
I recently moved to Canada on Dec 2021 from my same company. I received salary in Canada from Jan 22 - Mar 22 and tax was deducted here in Canada. But for same Salary, my parent company in India also
1 year ago
A. Dear Sir,
It relates to Tax matter. I suggest you to go to any chartered accountant or auditor to solve your tax matter problem.
Should I file income taxes from my adsense earnings this year or next year?
Hi, I have two questions regarding filing income taxes 1- I am yet to receive a payment from google for ads displayed on my website. The amount is around 8 lakhs and the period in which this amount
1 year ago
A. Dear Sir,
Since it is tax related matter as such you may go to any chartered accountant or auditor to clarify your doubts and get authenticated clarifications.
Legal Proceedings for tax evasion
I received a notice from IT department u/s 148 for income that escaped assessment. This notice is valid and I filed a revised ITR disclosing the complete sum. I am waiting to pay the tax and penalty w
1 year ago
A. Dear Client,
If you have accepted the notice and are paying the applicable tax then the Income TAx department will not have any reason to take you to the court. What they want is the tax plus penalty, if any, to be paid by you.
HRA Exemption
I want claim HRA deduction, and i am owning an house property at Ulhasnagar( i.e. out of mumbai) and i am living at navi mumbai wich is almost 30km away from my house. so can i claim that rent paid as
2 years ago
A. Dear Sir,
Please check with Service Advocate who knows local service laws and well aware of service circulars issued by your State Government and being intimated by your Department.
Income tax -filing itr necessary for online sellers
Is filing itr necessary for online sellers if total sale is below 2.5 lakh
2 years ago
A. Dear Sir,
As per my limited knowledge it may not require filing of ITR anyway approach any chartered accountant.
Need advice urgently
My mother is a housewife and a widow and has been judiciously saving money aside in FD's. We are people of less means. We gv 15G form every year. We have never filed income tax returns. My mom is not
2 years ago
A. Dear Client,
As per the facts which have been provided, you should contact the Income Tax Department and state your confusion.
Hope this clarifies your query and requirement.
Thank you.
Advocate Sinjari Bandyopadhyaya
