r2i forum

[I]Well, we share the following for information. NOTIFICATION 3[/I] In exercise of the powers conferred by sub-section (1) of section 44AA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby notifies the profession of information technology for the purposes of the said ...

[QUOTE=subbu2007;476608]Section 44 AD is about [B]not maintaining books of accounts for qualified businesses if annual gross reeipt is less than 60 lacs, please see below link: [/B][URL]http://taxmantra.com/ereturns/other/presumptive-taxation-44ad-ay-201112.html[/URL] I am not sure if an independent ...

1) Tax would be computed at 20% on the taxable capital gain. (Capital gain means Sale value less indexed cost of purchase). If not reinvested in other residential house within the time specified. 2) The objective of providing income tax exemption is to reinvest. So in this case no reinvestment is ...

In general, a person who is not entitled for HRA can claim deduction u/s 80GG. Section 80GG Provides for the benefit. There are few criteria that are to be satisfied. 1) Rent paid - 10% of total income 2) 24000 p.a 3) 25% of total income. Total income means Gross total income - Chapter VIA ...

how is that one should infer that it affects NRI also? Is that is given in Act? or any supreme court decided case law that says it affects NRI.?

I think it was not understood properly 1) The deposit will be made in two names of 50K each. Even its a indian deposit, the interest for each deposit would be around 2.5 lakhs. 2) Clubbing provision are not applicable in this. The assets are initially not owned india and transfered to others. The ...

you are entitled to seek refund.
these days refund are provided in 90 - 120 days when its done thru electronic.
sathya

A NRI is entitled to keep his deposit as NRE . So i may suggest that you may keep the deposit from now. Indian banks do offer higher rate of interest even when the money are parked as NRE (Foreign currency). Earlier they paid 2 -4% interest. Now they pay 8-9% interest. So start the deposit now ...

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See Talking about bad about ICICI is not going to help at this point of time. Ill suggest the following as options 1) In bangalore the property appreciation is not high as happens in other places 2) But Bangalore fethces you good rent. 3) If the rent is good. Keep the property and pay the EMI 4 ...