A labour contractor recieved a receipt of rs. 21 lakh in the ay 2014-15.tds of rs. 21000 deducted on it. is he liable for audit. and last year he files itr 4 with assumption of 20 % profit on receipts. now can he shown less profit this year.

We sold our ancestral inherited property 4 months back. The share was divided amongst three of us ,my elder brothers in law and me (my husband died 6 years ago).We are put up in different cities and are not in talking terms. The problem is that I will be investing my long term capital gain in capital gain account but what if they don’t do so. Although in the sale agreement pan nos. and names of all three of us are written and it is also mentioned that the amount is divided in three of us with the details of D.D. Nos. given to us at the time of selling.
Neither I have the old sale agreement (When the house was built or bought) nor the new one(when it is sold), so I don’t know how to calculate the LTCG also. Please help me as soon as possible.

I got d notice from dept. to pay tds interest. so, I paid d interest by online banking from tin.nsdl
the payment gt confirmed bt before downloading d challan session gt expired....
Nw, Hw can I download d challan again..?

Kindly tell me can I buy a new residencial property under secrion 54 and also at the same time invest some amount in capital gain tax saving bonds under sec 54EC to finish tax requirement on my capital gain on sale income of my inherefted property....

TDS need to deduct OR Not for Payment of Rs. 1,77,000 as Interest on Credit Purchases by A HUF Proprietorship Firm?

Supplier says, since it is Proprietorship Firm, there is no need to deduct TDS. But I doubt, Supplier want to take advantage of Ignorance of Buyer.

Will Buyer comes under fault if he does not deduct TDS and deposit to Department in such case?

I have salary income & other misc. (electric job work income) yearly 60000 for the f.y.2013-14 which itr file 1 or 2? if itr 2 which column saw ele.job work income?

There are 3 sellers and 1 buyer on transfer of immovable property exceeding 50lakhs.

Out of 3 sellers 2 are NRI's who dont have
PAN in India.

Now what is buyers responsibility to deduct TDS for AY 2015-16
and further tax consequences if any?

Please tell me the procedure to get income tax refund cheque if it is returned due to wrong address. What is the procedure for reissue?
The return was filed offline.

Namaskar,

Sir, we have need you expert advise on a matter of excess payment of Income Tax.

Sir, under a “Family settlement” we have transfer share from one family member to another family member and on this transaction we have calculate capital gain and paid tax during financial year 2008-2009 and we have assessed under section 143(3) before March 2012.

Sir, now we have came to know that this capital gain under family settlement transfers is not taxable. Hence we seek your esteemed advise in order to get back tax deposited.

Kindly help us.

Thanks & Regards

Vijay Sharma
Phone # 9871653355, 0124-4125795

Dear Sir

My company is a logistics service provider. From one vendor we receive Transportation bill and forwarding bill also. I receive 2 separate bills.
Do we have to deduct TDS on both bills or only on forwarding bill and not deduct TDS on transportation bill.

Kindly reply

Raina