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NRI Forum

I have recently sold a plot of land after converting it into non-agricultural. The assessing officer is not accepting the value shown in the deed of transfer on the ground that it is lower than the stamp duty ready reckoner rate. Is his view legally binding?
I have some income in the United States. I want to know whether there is any authentic publication which gives information in respect of tax compliance. Can you let me know what is the amount of initial exemption for paying tax in the US?
As the firm defaulted in its commitments, the bank guarantee was invoked. Would the amount incurred in this regard be allowed as expenditure deductible against the business income of the firm?
The refund has been adjusted against demand of a preceding assessment year. Are the tax authorities justified in doing so?
Can you highlight one or two specific features of foreign trade policy 2009-14?
As the Managing Director of the company was unable to satisfactorily explain the source of the funds, the company admitted to concealment of income and offered to pay tax thereon. Can penalty be levied despite such voluntary admission?
My friends and I have set up a limited liability partnership in Germany. The firm will be doing business in India through independent agents. Will the firm get the benefit of the double tax avoidance agreement between India and Germany?
Is the company bound to furnish information to the investigating authority?
My firm has set up a company in India. The Indian company proposes to engage Danish nationals to work in India for about four to five months for training Indian engineers. Would the salaries paid to these employees in Denmark be taxable in India?
I have invested the full sale proceeds in the purchase of a residential house. Would I be entitled to claim exemption of the capital gains made on sale of the land?
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