Tax Column
Tax Column

Tax Column

Ninad Ramdasi Article rating: 5.0

Tax Queries by Jayesh Dadia ,Chartered Accountant.

Tax Column
Tax Column

Tax Column

Tax Queries By Jayesh Dadia Chartered Accountant

Ninad Ramdasi Article rating: 5.0

I am an individual and in service with a corporate organisation. In FY 2021-22, I joined a MNC that paid me a joining bonus of ₹ 10 lakhs with the condition that I should work with them till March 2025.

Tax Column
Tax Column

Tax Column

Tax Queries By Jayesh Dadia Chartered Accountant

Ninad Ramdasi Article rating: 2.8

It is a settled law that assessment cannot be made in the name of an assessee who has already died.

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Tax Column

Tax Column

Tax Queries By Jayesh Dadia Chartered Accountant

Ninad Ramdasi Article rating: 3.5

A reversed mortgage loan enables a senior citizen to avail of periodical payment from a lender against the mortgage of his or her house while remaining the owner and occupying the house.

Tax Column
Tax Column

Tax Column

Tax Queries By Jayesh Dadia Chartered Accountant

Ninad Ramdasi Article rating: 5.0

Tax Queries Jayesh Dadia Chartered Accountant 

Tax Column
Tax Column

Tax Column

Tax Queries By Jayesh Dadia Chartered Accountant

Ninad Ramdasi Article rating: 4.4

The provision of Section 281 of the Income Tax Act can be invoked only if there is sale, mortgage, gift, exchange or any other mode of transfer of your asset in favour of any other person. The assets referred to in Section 281 are specific and tangible in nature.

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Tax Column

Tax Column

Tax Queries By Jayesh Dadia Chartered Accountant

Ninad Ramdasi Article rating: 5.0

Tenancy right is a capital asset. Therefore, consideration received on surrender of tenancy right is subject to Capital Gain Tax. It seems that you have been staying there for more than three years. Therefore, the entire capital gain would be in the nature of long-term capital gain.

Tax Column
Tax Column

Tax Column

Tax Queries By Jayesh Dadia Chartered Accountant

Ninad Ramdasi Article rating: 5.0

Tax Queries By Jayesh Dadia Chartered Accountant

Tax Column
Tax Column

Tax Column

Tax Queries by Jayesh Dadia, Chartered Accountant 

Ninad Ramdasi Article rating: 4.6

My father died during the financial year 2020-21. As per my father's legal will, an executor was appointed and the assets are to be distributed amongst myself, my brother and my mother. Pending distribution, I have filed the return of my late father's estate as an individual. Is this action correct?

Tax Column
Tax Column

Tax Column

Ninad Ramdasi Article rating: 5.0

I am holding shares of a private limited company with an investment value of ₹1 crore. The company is now under liquidation. It has ₹4 crore in the bank account which is accumulated over a period of years out of the profit of the company. I was told by the liquidator that on distribution, they will deduct 10 per cent withholding tax. Can you clarify whether the action of the liquidator is correct and what would be the tax implication in my hand?

Tax Column
Tax Column

Tax Column

Ninad Ramdasi Article rating: 4.0

Tax Queries By Jayesh Dadia Chartered Accountant 

Tax Column
Tax Column

Tax Column

Tax Queries By Jayesh Dadia Chartered Accountant 

Ninad Ramdasi Article rating: 4.3

I am employed with a closely held private limited company. During the current financial year, I resigned and claimed encashment of leave salary of ₹ 3 lakhs. The employer wants to tax this amount since the same is encashment not on retirement but on resignation. What is your view? 

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