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skshivliha
17 July 2018 at 17:44

Gift tax

IF A JETHANI GIVES A GIFT TO HER DEVRANI,WILL IT BE TAXED

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amarjeet singh
17 July 2018 at 17:09

80gg

An employee has taken loan for construction of house in city A but he lives in city B on rent. He has set off interest on loan against his salary can he further claim deduction u/s 80 GG. He does not receive Hra

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Ramchand
16 July 2018 at 19:45

Taxable amount

I have policy of icici prudential life link wealth sp bought in 2010single premium paid 3lacs
sum assured 375000
amt rececived 450000
tds deducted @ 1% u/s 194da

whether full amount of 450000 taxable or 150000being excees of premium paid taxable.

please advise as its urgent

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mital
16 July 2018 at 18:30

44ad applicability

IF I OPTED FOR 44AD IN AY 18-19 , AND IN NEXT AY 19-20 IF I SHOW MORE THAN 8% PROFIT, THEN CAN I APPLY SECTION 44AD FOR AY 20-21?

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Vasant
16 July 2018 at 15:16

Tax audit to partnership firm

my question for F Y 17-18 .. Total receipt of partnership firm Rs.95Lakh & net profit is Rs.1 Lakh

is it required to get books audited u/s.44AB

Thanks

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Abhishek

Dear Sir/madam,
I am unable to generate xml of itr-2 for a.y.2018-19 through java utility. I have filled all the options and the validation is also without errors. But when i click save or submit button it is not accessible, nothing happens when i click on these buttons. I know that save button enables us to save the file of xml in our desired path, but as discussed below save is of no use as nothing happens when i click on that. Please help on urgent basis

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sarbani choudhuri
15 July 2018 at 22:54

No tds but being asked to fill

Hallo Everyone,
I am unable to create XML from ITR 2 because I am getting an error message "Schedule TDS2 : TAN at Sr. No.1 is Mandatory. Employer or Deductor or CollectorNam at Sr. No. 1 is Mandatory . Enter all Mandatory fields at Sr. No.1."
I am NRI with no salary income. I just have Other Income (from Savings Bank interest), Rental Income (from house) and Exempt Income (from PPF and LIC maturity). FY 2017-18 26 AS is completely empty with no details under any field, so I do not know what to fill in TDS tab. I have tried filling NIL or 0 but that is not working.
I am facing this problem just in my husband's IT filing . I submitted mine without any problem. We both have no details in 26AS and same income .
Can you please tell me the solution? Thank you.
Regards,

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HARI PRASAD
15 July 2018 at 21:42

Itr clarification...

Sir, my client has given his car to ANI Technology P LTD (OLA ) company and in return he got an income u/s 194C and further he has salary income also. In this connection will anyone guide me which ITR to file and which business code should be given in ITR?

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abhimanyu
15 July 2018 at 10:46

Two categories of income

X has two sources of Income

1. He is a Professional and earns Professional Income.
2. He earns brokerage Income, which is very snall.

X wants to opt Presumptive scheme but cannot file ITR 4S due to brokerage income.

Brokerage income amount as stated above,, is very small as compared to his Professional income.


QUERY

Can X file ITR 3 by showing his professional income under Presumptive Scheme in Section 44ADA and showing WHOLE AMOUNT of small brokerage ( THAT IS without claiming any expenses incurred in earning the brokerage) as INCOME FROM OTHER SOURCES.

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Manu Aggarwal
14 July 2018 at 18:25

Capital gain exemption u/s 54

Hello All. I have a query related to capital gain exemption. An assessee sold a residential house (long term) on 25/04/17 for Rs 30 lacs. On 12/05/2017 he also sold a plot (long term) for Rs 40 lacs. On 21/05/2017 he purchased a residential house amounted to Rs 70 lacs. As On 21/05/2017 he have no house in his own name. Can Assessee claim sec 54 and 54F exemption simultaneously if he fulfils the condition of both the sections.?

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