Searched for
DVS ADVISORS LLP
What is my ITR filing status if I recently shifted back to India from the US?If your days spent in India are more than 182, it makes you a resident in India. Further, determine whether you are resident and ordinarily...- I want to transfer shares, mutual funds worth Rs 50 lakh to NRI daughter. What will be my tax liability?Once your daughter sells these investments any time in the future, the cost and period of holding at your end will be considered for calcul...
- Who does not have to report foreign assets while filing ITR?An assessee is required to disclose the foreign assets and liabilities held outside India under Schedule - FA of the ITR.
- Can I claim HRA tax break on accommodation rented for 6 months?The exemption for House Rent Allowance is denied to employees if he or she occupies a house which is owned by them or there is no actual pa...
- I am US citizen who has sold property in India. How to cut income tax and transfer money to US?The Income-tax Act provides various deductions and tax-exemptions to lower the income tax burden of capital gains tax
- Wife transferred her shares without any money to my demat account. Will I have to pay tax when I sell?The transfer of shares by your wife to you, for no consideration, will not attract any capital gains in her hands.
- I have a job offer as consultant with US-based firm. What are the income tax related issues I need to keep in mind?From a direct tax perspective, it should be ensured that the CPA firm in the US does not equip itself with knowledge or expertise while you...
- I have a monthly recurring deposit of Rs 20,000. Will I have to pay income tax annually?There is an option available to offer interest income for tax on accrual basis or receipt basis, at the discretion of the assessee. In case...
- I came to Europe in 2019 for higher studies, started working in 2021. Will I be considered an NRI?Given the fact that you haven’t returned to India since August 2019, you will be considered a Non-Resident Indian for tax purposes for 2020...
- How can I save on capital gains tax from sale of plot?The due date to invest in CGAS is 31 July 2021. Investments in post office time deposits are not eligible for the purpose of claiming exemp...
- Returning to office was like getting oxygen back for DVS Advisors LLP founderSeeing barren roads during office hours was haunting, said Divakar Vijayasarathy.
- When can I claim deduction on short term capital gains?As per the Income Tax Act, deductions allowed against the sale of shares resulting in short term capital gains, are the cost of acquisition...
- Can capital gains from sale of unlisted stocks be adjusted against loss from house property?As per the Income-tax Act, 1961, provisions, the brought forward a loss from house property can be set off only against income from house p...
- Are there any tax implications if I buy shares within a week of selling them?The purchase of the same shares after one week would not have any separate tax implications. Consequently, if the same is sold again and ga...
- Budget 2021: Real estate stocks climb up to 7% on FM’s affordable housing push"As anticipated, affordable housing and rental housing got a big boost with the government extending the period for extra deduction of Rs 1...
- Tax implications of NRI transferring money to wife's bank account in IndiaAs per current income tax laws, an NRI is required to file an income tax return in India if his gross total income exceeds Rs 2.5 lakh in a...
- Govt makes it mandatory for foreign cos operating e-commerce platforms in India to have PAN"An e-commerce operator will be a "non-resident who owns, operates or manages digital or electronic facility or platform for online sale of...
- I bought a flat in February and want to sell it in October 2020. What will be the tax implication?If you are selling the flat in less than 24 months of purchasing it, the gains will be short term capital gains. These will be taxed at you...
- High Court ruling: No equalisation levy for Mastercard Asia Pacific Ltd in IndiaThe revenue department submitted before the court that it would go by the Delhi Authority of Advance Ruling (AAR) order, in a separate case...
- Building Atmanirbhar Bharat: Licences likely for furniture, sports gear and toy importsThe government has decided to license these imports after finding that higher duties have been ineffective in reducing the amount of goods ...
Load More
