uma mahesh
29 August 2017 at 13:33

refund for old years

how to get refund for f.y 2014-15. and F.y 2013-14, can I able to file ITR now

Answer now

Rahul Surve
29 August 2017 at 11:42

Speculation & Nonspeculation Business

My client is salaried employe he received 40 lakh salary income & he also trading in intraday trading & f&o & in the share market he get loss then he can liable tax audit under sec. 44AD. I have not maintenan books of account. where I can show his income under computation nonspeculation business or capital gain Which ITR fillied

Answer now

RAKESH
28 August 2017 at 22:13

234b and 234c imposed

Dear Sir
My Employer deducted entire Tax as TDS from my Salary and I filed the return before due date i.e before 31/07/2017.
Now I got an Intimation u/s 143(1) to pay interest u/s 234B&C.
All the taxes are Deducted before 31/03/2017.
How can I rectify this?..

Answer now

Dharmesh Kansara
28 August 2017 at 15:16

Log in problem

Dear Sir,

Myself Dharmesh Kansara, I am an individual. I am employed in manufacturing unit along with that doing book-keeping works for some individuals. I have created my log-in in Income tax department for e-filling returns other than mine. The problem is I tried so many times but always showing username and password is incorrect.

How to resolve the issue? So, that I can submit income tax return online.

Please guide.

Answer now


Anonymous
27 August 2017 at 15:51

Gifts u/s 56

Whether an Immovable Property (i.e. a Residential Flat) received by an Individual from his Mother is Taxable?
The said Property was purchased by the Father of an Individual & after the father's death the Legal ownership was transferred to mother & now Mother has Transferred the said Property to son. So, Will this be Taxable in the hands of Son U/s 56 as a Gift or it will be Exempt as Property is received from mother being an Relative of an individual.
Also, Please state what Legal Formalities needs to be done so as to get the Son's name in the said flat?

Please Help.

Answer now

Abhishek Roy Choudhury
27 August 2017 at 13:38

Value of stamp paper

Dear Sir,
Value of stamp paper required for loan agreement, i.e. one person gives personal loan to another person of Rs. 5.00 Lacs.

Thanks,
Abhishek

Answer now

herschele singh
27 August 2017 at 08:44

Income tax

I have done FD on my mother (house wife) name for amount Rs.180000/- Tax saver scheme and one another normal FD of Rs.100000/-, she is having around Rs.10000/- in her savings account, in financial year 2017-18.she is not a senior citizen and she is not having any income. Will TDS is applicable for her.

Answer now

rrtayal

This religious public charitable trust registered under Bombay Public Trust Act 1950 has many associated temples and institutions across the world. However it has no financial interest in any of these associated temples or their property.
The Board is considering purchasing property in the UK directly to develop into a temple. This is something consistent with its Objects as a public charitable trust.
What are the income tax implications of this from Indian perspective?
It would be purchasing this property from existing accumulated funds in India.
The the Income Tax Act and Section 11 and 12 might be relevant here but this is something I was unable to comprehend.
Thanks for your help

Answer now

priyanka gupta

ABC & Co. is a partnership firm having profits of Rs.36000 before remuneration but after interest to partners. After providing for remuneration, taxable profit becomes 0. Whether the firm is required to get its books of a/cs audited, considering the provisions of Sec. 44AD where it is stated that books are required to get audited if total income exceeds the maximum amount not chargeable to tax?

Answer now

PRATIK MILAN SHAH
25 August 2017 at 16:33

Revise return

I have filed original return (accounts books maintained on cash basis) for A.Y 2016-17 before due date. The return was processed generating a refund (of around 60,000/-). Now i wish to REVISE the return as I had unintentionally forgotten to take Share of Profit, Remuneration from the firm and Interest on capital with the firm (although all of the income from firm are book entries not received by me in cash/cheque).

On incorporating the above incomes still i am eligible for a refund (of around 18,000/-).
How and where do i show Income tax refund received, How do i calculate interest payable if any.
How do i refund back the department the excess refund received. Do i need to ?.

Answer now




CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query