Sir, if my income is below taxable limit and if i file my IT return after 31.07.18, will I have to pay penalty for late filing ?

validation in java utility is showing no errors than also unable to save xml.
i tried to upload xml generated by "save draft" option but it is not valid to upload .
what to do...now...

I have made certain LTCG in last FY .form sell of long held Shares all of theme were sold before 1/1/2018, this tax exempt LTCG is to be filled in EI section in ITR2

My problem is I only have value of proceedings from sell. I do not have purchase data date and value and hence do not now costs. ( i only aware that most of these were acquired over years through POs , rights bonus, etc. in paper forms (old days were demat dd not existed)

seek advice for ITR filing. Thanking in advance

Dear sir/Madam,

My son is working in a Private Ltd company for which he has been receiving monthly salary. At the same times, he works/supports occasionally for direct selling firm during his spare hours for which receives commission which was amount of average 1000/- per month. TDS was deducted also while paying the commission. Now, the form 25AS shows, the salary details and its TDS and commission and its TDS.

Now, he wants to file his ITR. Though the Salary has been the main source of income, the inclusion of commission/TDS throw a confusion for selecting the correct ITR form for this assessment year 2018-19.

Kindly help him to choose the correct ITR form for filing his ITR.

Thanking you,

regards
raman.K

I have received my performance based payment pertaining to the year 2016-17 in the month of April, 2018 from my company. While checking the Form 26AS for the financial year 2017-18 (AY-2018-19) (as about to go for filing ITR), this payment was found accounted along with other details of the payment the financial year 2017-18. I have sent letter asking clalrifications from my company for this wrong accounting. But, so far no reply. However, I have been following it up.


Grateful, if you could give your kind advice whether the referred performance based payment is to be taken as income for the financial year 2017-18 or 2018-19 while filing my ITR.

Kindly advise at the earliest.

Thanking you,

regards
raman.k

Hello Everyone ,

I am Non Resident Indian and US tax resident .

I draw my yearly salary from US and pay taxes here to IRS .

I have to file for a refund with Indian Income Tax dept thru ITR 2 for claiming my refund of taxes levied on interest earned on NRO account. I have below questions :

1) Do I have to submit ITR 2 and not ITR 1 ?

2) In the ITR2 , do I need to furnish details of income earned outside of India ? If yes , then what will be the relevant article of DTAA (Schedule FSI column f ) between India and USA that will help me avoid double taxation since I am a US resident.

3) Do I have to furnish my US bank account and related details in Schedule TR-FA of ITR-2 ?

Please help me by answering these questions.

Thanks in advance !
Shashwat

I am in 10% bracket. I have some income from LTCG from debt fund. LTCG tax at 20 % after indexation is applicable . since i am in 10% bracket I will have to pay lesser tax if I can include this in my income from OS. is it OK?

I have made profit in frst two quarterstaves and loss in next two STCG page demands filling quarter wise information but the utility do not accept negative values. what should i do

Hi,
We have sold a plot in May 2018, we inherited this plot via Will, but this plot was not diverted, so I am not sure whether it is residential or commercial. With the sales proceeds I would like to buy a residential apartment/Flat either 'ready to move in' or under construction. I would like to know how much time do I have to buy the apartment before I am charged long term capital gains tax.
Do I need to show this transaction in my IT return for the year 2017-2018.
Please note that I already have a house on my name but this one will also be sold within one month and I will combine the sales proceeds from this house and the plot mentioned above to buy a new apartment.
Thanks

I am received Dividend 25 Lacs from very us mutual fund company, financial year 2017-18 now this income is exempted or pay income tax 10 % section 115BBDA
If this income is exempted in ITR 2 whare this in come show in return