is TDS required to be deducted from Rent received from the individual to whom the house is rented.
Awaiting reply ASAP

But ITR 4 is Related foe individual person carring proprietary business

Explin about IT Filing

and how to refund TDS from Income tax office what is duration to get.

WE NOT RECD THE NEW PROFESSION TAX NO.,( PROFESSION TAX NO. FOR PAYMENT OF EMPLOYEES),AFTER SOME INFORMATION COLLECTED FROM FRNDS,I COME TO KNOW THAT, WE HAVE DO FRESH REGISTRATION FOR PROFESSION TAX NO.!!!!!

SO I REQUIRE THE LIST OF DOCUMENTS TO BE SUBMITTED WITH APPLICATION FORM OF PROFESSION TAX!!! PLEASE FRIENDS HELP ME OUT IN THIS MATTER.........!!!! PLEASE REPLY ME.....WHATEVER YOU KNOW... IN THIS... PLEASE TRY TO ANSWER ... IF YOU R SHURE... TO YOUR ANSWER...IF ANY SUPPORTING DOC. PL GIVE ME....

Sir,
I have made 5 FDs of Rs. 4 lacks each in Feb 2009 (for 1000 days). I have not shown interest in ITR of 2008-09 and 2009-10. The bank have deducted TDS on them. Can I now show interest in ITR on maturity of these FDs or I have to fill revised ITRs for the previous years.

Regards,

G. Kumar

my assessee is having income from lawn business rs. 2000000/- and properties income rs.4000000/-. he is required to get his accounts compulsorily audited u/s44AB of i.t.act 1961.

my assessee is having gross rental income from properties above rs.6000000/- is required to get his accounts scompulsorily audited u/s44AB of income tax act.for a.y.2010-2011.

Hi,

I have lost the original data of FVU and related files of 24 Q. Since there was a huge mismatch. I have to file the correction return now. Even TAN registration is not helpful since I could not provide answer to the security question since the original data is lost.
I spoke to NSDL people also and they are telling that it is not possible to retrieve at all.

Any body please help me out to retrieve the original FVU file, since the return need to be filed at the earliest.

Exeprts I am desperate so please give me some solution.

QUERY RESUBMITTED, PLEASE HELP

Respected expert,

My wife , 56, worked with SBI for 29 yrs and took VRS in 2007. We (myself, wife, and our only son) stay at Andheri(w) in a 1 BHK flat which is in my name. We also have a flat in Kandivali(w) in my son’s name and wife’s name (where wife’s name is second as a joint owner).

There is a 1 BHK flat in Baroda in my wife’s name (which was purchased in 1998 and where I stayed between 1998 and 2005 due to my job in Baroda). The purchase amount in 1998 was approximately 3L. The flat is in a society / apartment , which was constructed in either later 80’s or early 90’s. My wife now wants to sell this flat and expected amount is approximately 10 L.

I would like to know the following now.
Once she sells this Baroda flat what is her obligation as far as Income tax / property gains / immediate investment etc. is concerned.

Both me and my son would like to see that she benefits to the maximum since it is her flat and hence her money.

Thanks with warm regards.

Dr. V. R. Kanetkar

Recently one of my relative expired by committing suicide due to financial crisis. He had sold his property and the entire amount was utilised for clearing the debts with private money lenders. His wife is now left with a small amount which is not even 20% of the sale proceeds. Now my question is whether the legal heirs are liable for Capital gain tax. And as there is very little money left is there any facility for an appeal. The wife is housewife and does not have any income. Two children are young and still studying. I shall be grateful if someone could assist me in this regard.