N
Nishant Kalra
An ancestral property was recently sold. The heirs of the property were my father & my uncle. However, my father had passed away. Hence, the proceeds of the money has come to my uncle. Now, to receive the money from my uncle to my mother, wanted to understand the means of receiving money : i. Through DD / Pay order, ii. Through online account transfer or iii. Cheque etc.
Which means is advised to avoid taxation liabilities ?
Additionally, how should i receive the money declared from my uncle side to avoid tax liabilities.
My Uncle would be paying the TDS for the sale proceeds he has received, which is understandably reimbursable.
But, how to avoid tax liabilities & any issues for my mother in receipt of the payment. Kindly advise.
M
Madanmohan Mohanty
If i am getting profit on equity ( more than 2 cr) in longterm (5 years). do i need to pay any tax. what if i have invested same amount in pension policy and took some home loan
V
Vinay Kumar
Two pan cards ?
one for company and one for individual. Would this be illegal ?
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No this wont illegal. In an individual holds 2 PAN or Company holds 2 PAN each then that will be considered as illegal.
T&C applyP
Pawan Mishra
Advance against sale of land is in which schedule in can be mention
Please give me the name of schedule , here company is Ltd.
K
Karthik
Due to COVID restrictions we couldn't make rental agreement for 2020-21. want to know if i can have rental agreement now with effective from 01st of April 2020 to 01st of March 2021 or suggest me right way to claim my rental allowance as exemption
Yes you can make rent agreement now. If you are a salaried employee and your employer deducts TDS on your salary then give the agreement along with rent receipts paid now to your employer. He will adjust the salary and TDS deduction accordingly.
T&C apply
