I want to know that if i return my file 250000 and next year also return file 250000 then pls tell me that my capital would be 500000. And no taxable income which i return previously.

my friend has income from business, income of which is to be shown under section 44AD. he has some long term capital gain on sale of mutual fund units. the form 4 has no column to show tax free long term capital gain. what form should be used ? or how to show gains in form 4?

I have non deducted tds in April to june transporter bills and in 23 october we have deduted tds & deposited with 1 % interst so in which quarter will be revised 1 or 3rd .
kindly help me

We have file our Income tax return the total liability is 21 lacs can we pay this amount in two installment.
Pl. give your opinion.

Regards
L.D. Dharmadhikari

I have to see refund and demand status on income tax site. Will anyone please guide me how to see. Whether income tax department has changed the options of the status of refund and demand. Further one my client has not obtained the refund as yet, though I had submitted the return in June 2017.

#What_is_Direct_Tax_Code(DTC)? The Direct Taxes Code (DTC) is an attempt by the Government of India (GOI) to simplify the direct tax laws in India. DTC will revise, consolidate and simplify the structure of direct tax laws in India into a single legislation. The DTC, when implemented will replace the Income-tax Act, 1961 (ITA), and other direct tax legislations like the Wealth Tax Act, 1957. #The_Regime_so_far: 2009 - 2014 The first draft bill of DTC was released by GOI for public comments along with a discussion paper on 12 August 2009 (DTC 2009) and based on the feedback from various stakeholders, a Revised Discussion Paper (RDP) was released in 2010. DTC 2010 was introduced in the Indian Parliament in August 2010 and a Standing Committee on Finance (SCF) was specifically formed for the purpose which, after having a broad-based consultation with various stakeholders, submitted its report to the Indian Parliament on 9 March 2012. As a follow-up on this initiative and as stated by the Finance Minister (FM) in his Interim Budget Speech in February 2014, after taking into account the recommendations of the SCF, a “revised” version of DTC (DTC 2013) has been released on 31 March 2014. #22nd_Nov_2017 The government has formed a task force to draft a new direct tax legislation. The task force will submit its report in six months. #Thanks & #Regards Vinay Reddy

Dear all, Is interest on TDS payment allowed as deduction ?

Can partner withdraw above two lacs in a day from firm in cash and vice versa
Applicability u/s 269st

Hello to All The Experts,

One of our client have received a notice for Foreign Exchange Credit used by the client. Our client has purchased and sold goods to china and received the tax paid certificate from the said Chinese Firm. We have utilized the said foreign exemption while paying the tax. Now the Income Tax department has issued the notice that the said exemption cannot be utilized.
Now we have to draft a Reply to this notice and I am unable to do the same.
Can you tell me how tho draft notice like what is to be mentioned which documents to take along with us while meeting the Assessing Officer.
Format of the same if made available is appreciable.
Reply requested as soon as possible.

I have a query wrt TDS deduction. I received a bill dated 30-10-2017 as on 8.011.2017.On what date should i pass this entry.When TDS needs to be remitted.Please clarify it asap. Thanks