Dear Experts,
We have paid Interest & late return filing fee for Qtr 1 for F Y.2014-15 now we have to revise Return or no need to file revise return or any other correction statement required to submit. Plz guide

A NRI hold gold & silver last year purchased out of foreign earnings more than Rs.30lakhs in india. He have no idea to come and settle in india in forthcoming years. BUt those jewellery he placed in Indian nationalised bank locker for his family use. What is wealth tax liablity for such NRI under wealth tax act in India?

What is agriculture income and non-agriculture income and how the tax rate will be charged?

Hi Freinds
Is PAN of a foreign company necessary to deduct TDS? What is the rate if they dont have a PAN?

Hi

I had sold one plot of land and invested the money from this sale in buying a flat in joint name with my younger brother's name. Will i get benefit for 100% investment or not?

I have come to know that i will be getting full benefit u/s 54(f) of IT Act. Please provide me link of any case law

Can an individual earn director's salary from p. Co. and partners salary from a partnership firm at the same time?

Dear sir/madam,

could you please help me to understand what is
Section code 194LBA & 194DA in eTDS RPU ?

Can get benefit of deduction for Home Repairing / improvement cost under the income tax?
I am a salaried individual.

Please guide.

Hi,

I have a query regarding capital gains tax. I sold my father's property (my father is no more) around 1.5 years back, for which the capital gains comes around 20 lakhs. I sold my apartment around 8 months back, for which the capital gains comes around 15 lakhs. I have bought an apartment 5 months, which i will be taking possession in Jan 2015. The cost of the apartment comes upto around 60 lakhs. So, I want to know, whether the total capital gains (35 lakhs) can be shown as investment being made for the apartment, which i bought for 60 lakhs.
It would be helpful, if you could please clarify the same.

Thanks & Regards,
kumar

How to fill in the ITNS 280 challan for a deceased person? The IT department has raised a demand pertaining to AY 2003-2004 & 2006-2007 for a person who expired in March, 2014. The last Return was filed for AY 2014-2015. My query relates to the old demands which have been raised by the IT Department:

a) What name should be mentioned in the ITNS-280 challan? The name of the deceased person on whom the demand has been raised or of the legal representative/heir?

b) If we have to mention the person's name in the challan, should we write/type the name as ABC or (Late)ABC? Is the prefix "(Late)" essential/advisable?

c) Should the deceased person's PAN be mentioned or that of legal representative/heir?

d) Minor head code 400 is to be mentioned. Is this okay?

e) The AY to be mentioned on the challan will be the AY for which the demand has been raised, that is, AY 2003-2004 & 2006-2007 respectively. Right?

f) It is better to make online challan payment so the question of "who should sign" the challan does not arise.Right?

g) Once the payment of both the amounts has been made, will the CPC (which has sent Intimation u/s 245) automatically come to know that the payment has been made? Or, will we have to take copies of the challan acknowledgements, make covering letters and submit the same with the "Jurisdictional AO" to get the demands nullified? (26AS for AY 2003-04 & 2006-07 are not available; hence I'm referring to the challan acknowledgements.)

Many thanks for your advice.