I am an individual and have submitted my return with certain refund amount but i have given wrong details in the Chapter -VI in Section -80C. Now, I want to revise my return . Can I do it so and claim the same refund amount.
Suppose....i sold flat at value less than stampduty value. The entire amount is invested in another flat market value of which is more than or equal to stamp duty value of flat which i sold.
by 50C ... Stamp Duty value will be considered as Sales Consideration .... but by virtue of sect.54 will i need to pay tax even if i have invested the whole amount in new flat stamp duty value of which is more than or equal to Stamp Duty value of flat i have sold.
Suppose....i sold a flat at value less than stampduty value.
The entire amount is invested in another flat as a part payment and balance amount is paid by my family members and market value of flat purchased is more than or equal to stamp duty value of flat which i sold.
What are the consequences under sec.50C and Sec.54 ?
Please answer my querry ?
what is payment due date & return file date all tax with theur procedure
My family consist of my parents and wife. So, we are four. I am earning person and because of salary income, I hardly find ways to save taxes. I think creation of HUF is the best solution for me. But I have some questions. They are:
1)How to transfer money while creating HUF?
2)Should HUF be of mine? or my father? What is advisable?
3)After creating HUF, how can I transfer money to HUF? so that correspondingly I can make further investments from HUF.
4)Last but not least. Is HUF only beneficial who have business income and not for salaried class people?
DEAR EXPERTS,
I CAN NOT ACESS INCOMETAX E-FILLING WEBSITE IN OS WINDOW XP WITH
BOWSER GOOGLE CROME AND INTERNET EXPLORER AS WELL.
PLEASE RESOLVE MY QUERY
THANK YOU.....
What is the criteria for professional tax and who is applicable for professional tax.
DEAR EXPERTS,
I CAN NOT ACESS INCOMETAX E-FILLING WEBSITE IN OS WINDOW XP WITH BOWSER GOOGLE CROME AND INTERNET EXPLORER AS WELL.
PLEASE RESOLVE MY QUERY
THANK YOU.....
we have purchased cement for building. they produce original bill. now i have to make payment to party .whether tds will deducted or not.
Individual revise return