What is the penalty for late filing of IT Returns for AY2015-16 and can it be done online or do we need to get permission from ITO?

First, the I-T return due date for AY2015-16 has been extended till 31 August 2015. So kindly file your returns before the due date.

Delayed or belated return can be filed online, but it has to...Read More

Comments

i HAVE PURCHASED A PROPERTY IN CHENNAI 3 BHK AND REGISTERED THE SALE DEED R SETHUMADHAVAN(HUF) AND MY WIFE MEENAKSHI AS MEMBER
THIS i AQUIRED IN 2002
nOW i WANT TO SELL IT
I HAVE ONE MARRIED DAUGHTER AND MARRIED SON
DO THE PURCHASER REQUIRES MY SON AND DAUGHTER CONSENT BEFORE BUYING IT
HOW THE LONG TERM CAPITAL GAIN TREATED IS IT 50:50 FOR ME AND WIFE
i am Sr citizen 13/10/1946 and my wife too 16/01/1948
with warm regards

SethumadhavanR

The Karta of a HUF, cannot sell the property without consent from all members of the HUF. This means, you will have to get consent from all members of the HUF for selling the property. If you...Read More

Comments