Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Mihir Tanna |964 Answers |Ask -Follow

Tax Expert - Answered on May 23, 2023

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more

Asked by Anonymous - May 22, 2023Hindi

Money

Can grandfather give gift / fd / flat to 18+ grand daughter. What will be tax implications.

Ans: Gift received from relatives is not an Income. Therefore, in case gift is received from grandfather, it will not be income in the hands of recipient

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

MoneyReply

You may like to see similar questions and answers below

Mihir Tanna |964 Answers |Ask -Follow

Tax Expert - Answered on Mar 27, 2023

Question by Shakir - Mar 25, 2023Hindi

Money

Hi sir hope alls well with you. Sir if i give a monthly rent of 60,000 Rs that comes to 7,20,000 Rs yearly to my paternal grandmother of 75 years who owns a 2bhk flat in south mumbai. She has no other source of income and if she files her IT return under new tax regime in financial year 2023 - 2024. Will she hav to pay any tax

Ans: Against rent income, standard deduction of 30% of income is available. Tax rebate upto Rs.22,500 is available for FY 2023-24 for person earning income upto Rs.7 lacs. Accordingly, no tax liability is likely to arise.

Mihir Tanna |964 Answers |Ask -Follow

Tax Expert - Answered on Dec 06, 2023

Asked by Anonymous - Jul 07, 2023Hindi

Money

Sir I am senior citizen retired from bankservice 8 year ago.My second daughter is now Canadian citizen after her marriage. My question is I want to gift her huge sum of money to buy a property in pune OfCourse out of my retirement corpus. can you guide me how to go about it and tax implications

Ans: Amount received from father as gift is not an Income in the hands of recipient daughter. Kindly execute gift deed for the same.

Milind Vadjikar |683 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 29, 2024

Asked by Anonymous - Sep 08, 2024Hindi

Money

Dear sir my age is 80 Retd govt servant my daughter is planning to buy a house which I want to contribute 20lakhs in her bank account do I need to make gift deed to payment

Ans: No need. Father gifting asset to his kid is exempt from tax.

Milind Vadjikar |683 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 23, 2024

Question by PRAMOD - Sep 09, 2024Hindi

Money

Dear Sir I want to gift listed equity shares to my daughter. What are tax implications for me and for her ?

Ans: If you transfer the shares in the name of your daughter, having a demat account, through DIS slip then this has no tax implications to either of you.

Latest Questions

Radheshyam Zanwar |1058 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Nov 23, 2024

Question by Srinivasa - Nov 23, 2024Hindi

Career

Best college for bachelor in computer science in india other than iit, iiit, nit, bits

Ans: Hello Srinivasa
It would be biased to quote the name of only a single college for CSE in India. Yet you can choose the best which is suitable for you from the following list:
(1) Vellore Institute of Technology (VIT), Vellore
(2) SRM Institute of Science and Technology (SRMIST), Chennai
(3) Shiv Nadar University (SNU), Greater Noida
(4) PES University (PESU), Bengaluru
(5) Christ University, Bengaluru
(6) Jain University, Bengaluru
(7) Amrita Vishwa Vidyapeetham, Coimbatore
(8) Manipal Institute of Technology (MIT), Manipal
(9) Ashoka University, Sonipat (for Computational Sciences)
(10) Kalinga Institute of Industrial Technology (KIIT), Bhubaneswar
(11) Symbiosis Institute of Technology (SIT), Pune
(12) Chandigarh University, Chandigarh
(13) Lovely Professional University (LPU), Jalandhar
(14) DA-IICT, Gandhinagar
(15) NMIMS (Mukesh Patel School of Technology), Mumbai
Before selecting the college, please check the parameters such as Placement Records, Location, Specializations, Campus Facilities, Alumni Network, etc.

If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

Dr Dipankar Dutta |697 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Nov 23, 2024

Asked by Anonymous - Nov 22, 2024Hindi

Career

Hello sir I am currently studying in diploma in Mechanical engineering of semester -v and my age is 20 years.Are you advice best career options after diploma.

Dr Dipankar Dutta |697 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Nov 23, 2024

Asked by Anonymous - Nov 22, 2024Hindi

Career

I am completed B.Tech. in Civil (7.42) in 2023 but didn't get any job. Since then I start preparation for government exam but haven't had a chance yet. I am totally confused and frustrate about my career. What should I do right now?

Ans: Donot become frustrated. You have to hard work and dedication to get govt. job

Dr Dipankar Dutta |697 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Nov 23, 2024

Question by Brahmendra - Nov 21, 2024Hindi

Career

Hello Sir, this is Brahmendra an IT professional for past 20 years. My son is studying +1 and preparing for JEE along with other engineering entrance exams. Academically, he is an above average student (scored 90% in class X CBSE) but has good aptitude & reasoning skills. Somehow, he likes to study mechanical engineering. Q1) Nationally, what colleges are good/best for mechanical? 2) In worst case, if he could not get into premium colleges like NITs, IITs, VITs & CBITs etc., can he still make a good career in that field? 3) Are there enough campus interviews happening for that branch in their industry and do they have enough off-campus opportunities? Being in IT industry, I am aware even an average student with good skills in programming can easily make their career. But when I was teaching him the programming in his previous classes, he did not find it interesting.

Ans: A1. IITs and NITs are best A2. In that case, he should do master's from foreign university A3. Campus interviews and off-campus is less than IT/CSE

Dr Dipankar Dutta |697 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Nov 23, 2024

Asked by Anonymous - Nov 21, 2024Hindi

Career

I am currently studying in 3rd year of mechanical engineering in govt. College sir, can I get a job?. And what courses should I do?....

Ans: You can get a job, but for getting best job you should do masters from foreign university

Dr Dipankar Dutta |697 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Nov 23, 2024

Asked by Anonymous - Nov 20, 2024Hindi

Career

Sir My son is studying in IIT and at a very later stage he expressed his averseness to complete the course. He wanted to pursue fresh degree in computer science. We tried to convince him but not getting convinced. Please suggest way forward.

Ans: In which steam is he studying now?

Dr Dipankar Dutta |697 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Nov 23, 2024

Question by Akash - Nov 20, 2024Hindi

Career

I have completed my diploma in instrumentation and control engineering and pursuing my btech in electronic and communication engineering what can I do in future

Ans: You can do M.Tech from IITs

Milind Vadjikar |683 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 23, 2024

Asked by Anonymous - Nov 22, 2024Hindi

Money

Hi , I am 28 years old wanted to start sip , how much I monthly invest and please layout best possible plan for me so that I can have a corpus of 1cr by the time I am 40.

Ans: Hello;

You may start a monthly sip of 30 K in a combination of flexicap fund and a Large and Midcap fund in the proportion of 50:50, for 12 years. Do lumpsum investments as and when possible in your sip funds to boost your effort.

After 12 years you may expect a corpus of around 1 Cr assuming modest 12% returns.

Happy Investing;
X: @mars_invest

Prof Suvasish Mukhopadhyay |162 Answers |Ask -Follow

Career Counsellor - Answered on Nov 22, 2024

Asked by Anonymous - Nov 22, 2024Hindi

Career

My son completed btech mech in 2024..didnt get placement...nor got gate qualified...what to do next

Ans: He should prepare very sincerely for GATE (2025). Not only hard work, he must do smart work. Apart from that he can join some 2-wheeler repairing servicing centre for hands on training. If he becomes skilled in that he need not search job, job will come to him. He needs ,ore practical knowledge. Best of luck to your son. MAY GOD BLESS HIM. Professor......................:)

Prof Suvasish Mukhopadhyay |162 Answers |Ask -Follow

Career Counsellor - Answered on Nov 22, 2024

Asked by Anonymous - Nov 22, 2024Hindi

Career

My son did B.Tech (I&C) and M.Tech(Sensor System Technology) in VIT. After that he worked in Research Institute ad Research Assistant and Research Associate in Quatum Science for five years on tenure basis. What is the opportunity available to him now?

Ans: If you do have the financial capabilities send him to USA for a Ph.D. He needs an excellent GRE Score, a standard TOEFL score, three good recommendations from his professors and employees and one good SOP ( statement of purpose). Ph.D comes with full funding. But still for support 30-40 lakhs rupees must be ready. You can get overseas education loan from CREDILA. But he should stick to Research line only. Best of luck to your son. Just follow me. MAY GOD BLESS HIM. Professor....................................:)

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x