A ancestral plot of land owned by father (Now expired) is to be sold by me for approx. 50.00 lac.My mother is alive. How to treat the above in Income tax ?

How to get deduction regarding principal amount of housing loan.u/s 80 c

There is one vacant land in the name of husband and wife. It was purchased in FEB2003.If sold during the year, can the capital gain be apportioned to both husband and wife equally;invest the gain in approved bonds to claim the exemption. Can both invest Rs.50 lacs each to claim the permitted exemption. Or is there any maximum permissible amount to be be invested out of one property
(Since there is maximum cap of Rs.50 lakhs)

whether courier franchiseee is liable to pay service tax

During financial year 2014-15, I had a total turnover of Rs.90.00 lac in retail trading. In addition, I had earned a commission income of Rs. 5.00 lac U/S.194H. I want to know whether I can declare my income U/s.44AD on turnover of Rs.95.00 lac or not ? Or should I show the income on 90.00 lac U/s.44AD and commission income separately : Please iadvise me.

Hi Expert,

My Name is Prasad, I working in a Software company, which is Private Limited. We are offering Private Medical insurance to all employees, those who are not covered in the ESI. Recently I admitted in hospital on sick. That time I want use the company providing insurance due to not renewal my insurance by HR Dept. I am not able to use the claim. I paid my hospital bill.

Please let me know should I eligible to get reimbursement from my Company in the scenario of providing the Medical benefit to all employees by my employer?

If Yes, Please send me relevant act/documents to forward my employer.

Thank you in advance.

I have a total income around Rs.10.00 lac. from the house property. In addition, I have purchased 2 buses after bank finance and the hire charges are received from the bus (run in school). If i claim depreciation on the buses, there comes net loss from the hire charges income. Whether this loss can be set off against the income from house property ? Or it is better not to claim depreciation on the buses during 1st year ? Please advise me .

I have received a letter in October 2015 from IT Dept. asking a reason for non filing of return for A/Y 2013-14.

Situation was in F/Y 2012-13 (A/Y 2013-14)-
1- I employed in a co. from 01/04/2012 to 15/12/2012 and was getting salary after deducting TDS by the co,
From 01/01/2013 i went to US for higher study, so there was no income for that period i.e. from Jan 2013 to March 2013.

2- there was Short term capital loss from trading of shares in F/Y 2012.13.

now i want to file ITR.

Problem-
Under which section ITR -2 should be filed?

Due to some reasons, I could not get my a/c audited by CA for AY 2015-16. My turnover was approx. 2.00 crores. Now, what should I do ?

Hello. I am doing a show soon and my budget was just 60K they gave me two options either to produce 2 bills or to pay TDS 10%
I told I am giving you two bills and two bills should be from some different people.
Please tell me what's the benefit if I pay TDS.
I am a musician and I do shows frequently. So, need the guidelines the benefit of it.

Please guide me