I filed ITR 2 in August for fy 2016-17. I had losses in f & o so I filed revised return in ITR 3 and my CA filed audit report before due date. Now I get notification that ITR 2 filed in August has been processed on 7/11/2017.Now my revised ITR filed in October 2017 will be processed or not.

Dear Sir,
Pls define me what is 27Q in TDS and in which case we deducted TDS under 27Q.

Hello Everyone

Need your valuable guidance

My father bought a property in 1992, the agreement value of which was INRXXXXX/-

This property was constructed in 1975.

Due to my fathers demise now we are selling off this property in the F.Y. 2017 & the agreement value of which is INRXXXXX/-

Do I have to pay long term capital gain tax on the amount received from the sale of this ancestral property?

If yes how is the calculation please assist me on this.

Also how much amount I need to invest in long term capital bonds to avoid the payment of long term capital gain tax

I am really really really very thankful to this forum & all the persons associated with this forum who keep on sharing/replying their valuable & useful knowledge, feedback & thoughts.

It indeed gives me a privilege at times when my accountant is lost or unaware of something & I correct him using the help of this forum.

The replies to my queries in the past have helped me solve my issues swiftly which my accountant was totally unaware of.

Many Thanks in Advance

tell me the bonus treatment for computing business income??

Hello, my client have formed an employees union where the members contribute each month, they are registered as AOP and have around 500members and various expenses and also have interest income from FD. How the income tax would be calculated?Will the members contribution is treated as income?

Hi Expert,
1) A person had no residential house in his name.
His daughter gave him money & he purchased an apartment in his name in year 2011.
IT return was filed by the person in 2011.
Any need to mention about the purchase of apartment in the IT return for AY 2011-12?

2) Would the amount given by daughter to buy house treated as the father's
income in FY 2010-11 or just a transfer of money?

Thanks!

Dear Expert Team we have to pay TDS on puchase of property but we have wrongly paid under nature of payment 94A Request you to give the procedure to do such correction

can we pay salary to partner on monthly basis

Dear Sir
well and Individual Professional income is Rs 4,00,000 and not intended to adopt Presumptive Taxation. If shown income less than 50% of Rs 4,00,000/- Say less than Rs 2,00,000/- whether tax audit U/s 44AB mandatory
I intend to file ITR -3 having all bills and details for income & expenses.
Assuming the same facts, Status of Firm

if i have income from other sources only below Rs 4 lakhs in F.Y 2016_2017 then which itr I have to file