Wednesday, March 10, 2010
You are here Interact Tax Expert
 


Meet Mr Abhay Arolkar, a practising Chartered Accountant since 1980. His areas of practice include direct & indirect taxes, audit (internal, statutory, income or concurrent), company law work and management assignments. An active member of ICAI, Abhay has addressed seminars and study circle meetings on topics of professional interest, including company law, accounting standards and audit. He is a visiting faculty at various private management institutes and Directorate of Distance Education, University of Mumbai. He has held the position of HOD, Department of Accountancy, Bhavan’s Jayramdas Patel College of Commerce & Economics and was Director of Mandvi Co-op. Bank Ltd.

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Q1.I want to know whether I can treat intra-day trading income in cash segment in shares as business income?
Q2.I sold a property & got long term capital gain, but it is not enough to buy a house. Can I buy only vacant plot & get exemption?
Q3.sir,i sold a land, gift of my mother.i dont have taxable income.if i invest the full capital gain in REC bonds or buy a house is it compelsary to file...
Q4.My daughter-in-law is nonresident Indian citizen, her income in India for the AY 2009-10 is Rs. 172,000 , the ITO says that the basic exemption limit ...
Q5.What if any is the sshort/long term capital gain on Mutual Fund Holdings?Thank you
Q6.sir, i read 28- 2- 2010 issue.about cash gift. if father gives son for urgent need as gift or loan by cash.say 1,00,000lakh. both are tax payer.is i...
Q7.One is having Demat account and online share trading account. With his saving of Rs 25 lakhs he is investing in purchase and sell of share online on d...
Q8.Sir, I am a PhD research scholar drawing a yearly fellowship of 1.68 lakh per annum. I have my PAN card with my home address while I am staying at my ...
Q9.sir,i received jewels&cash from my motherinlaw as a gift. both are not having any taxable income. how to a/c it?. whether to have any proof of gift...
Q10.Is it compulsary a PAN card holder (house wife) without taxable income to file IT returns.
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