Sir,
My old mother 71, is widow. She has two daughters and no son.My father has left one house in urban area. My mother wants to gift this house to her two daughters in two equal portions, in her life time. We both sisters are married and filing our tax returns. What will be the tax liability to us; or will it be tax free in our hands? What we will have to do for this, so that it may become tax free?
Mother has also made a will in name of we two sisters, which will be applicable after her death only.
UDB
Dear Sir,
i have filed the return, now i come to know that i make a mistake in bank a/c no while filing. actually my query is that i do not write the 0 before the a/c no i.e i fill a/c no 54151045365 instead of 054151045365 . i fill the ifsc code correct. should i file revised return or not? i have refund this AY year.
Sir,
For FY 09-10 i had filed my returns and clubbed my wife's FDR interest income with my income and also clubbed her TDS with my tds. She is a housewife and above was done as some FDRs were in her name.the bank had filed TDS in her PAN instead of mine, now i am getting demand notice as the TDS is less on 26AS on my PAN. At that time 26 AS was just started and i was not aware of it.
as she is housewife i was not filing her returns and she did not nor have any income.
Consequently my income had increased with her intrest income and at the same time the TDS had reduced causing me much loss and demand notice .
can you advice.
Many thanks.
Can i file a revised return after receiving the assessment order ? I want to revise because i have claimed my TDS amount in TCS Column in the IT Return and as such the demand has been generated by the ITO ? What should be done.
sir/madam, we urgently need a list of Amendments in Income Tax Act and Rules right from the Financial year 2011-2012 to present, we could not find it anywhere even in parts, please help us by sharing some source to obtain the information thank you
Dear Sir,
Please Resolve my query that if TCS hasnot been deducted on sale of Iron ore Fines than What will be the consequences.
Sir,
my friend received a death claimed settlement of amount Rs.1,38,000/- as a nominee. what is the tax treatment of this income and which ITR form he will fill if he has no other income.
If TDS is wrongly deducted twice for a particular deductee in the same quarter w.r.t. a single payment by the deductor, before filing of TDS return, how can one rectify this mistake for effect in the same quarter? Can it be done under the OLTAS scheme mentioned in the NSDL site? The TDS was paid online.
MY CLIENTS HAVE DEDUCTED TDS ON AUDIT FEE PROVISION MADE BY THEM. BUT I MAINTAIN MY BOOKS ON CASH BASIS (ALLOWED FOR PROFESSIONALS). CAN I CLAIM TDS IN THE SAME FINANCIAL YEAR OR SHOULD I CLAIM IT IN NEXT FINANCIAL YEAR WHEN AUDIT FEE IS RECD BY ME.
Excel Mastery Program
26as not shown due to wrong pan no