Dear Experts,
Will you clear my doubt for filing ITR for Govt. Employee having Salary income 5,80,000/- after taking exemption u/s 10.
means:Gross Salary 6,45,000/-
Exemption u/s 10 65,000/-
Net Salary 5,80,000/-
Pl. clear it.
Thanks in advance.

Dear Sir,

There is Construction company which deals with construction of buildings and sale of the same.The business entity purchased cement, bricks and steel from the supplier. so my question is under which head these purchased items are shown, under the head "Direct Expenses" or under the head "Purchases" in P&L A/C.


Pls rply me

We are the manufacturer of Pure Lead Ingots & Lead Alloys. I have the below mentioned queries :-

1) Can we sale raw material as such i.e.
trading.
2) Can we purchase finished goods & sale the
same as such i.e. trading.

Please advise by giving any case law.

Thanks.

Dear Friends,

I have received a letter from Income tax office regarding "Non Filing of Income Tax Return".

I'm a salaried employee working in an IT company and also started trading in Year 2007. From 2007 to till date I've incurred losses in excess of Rs. 2 Lacs. 2-3 years back I withdraw some money from my trading account. Those transactions are mentioned in the letter received from Income Tax department.

Please help me, how should I file the Income tax return now. Will it be filed online or offline. Moreover how to show the transactions of trading in ITR.

I really need help and feeling depressed. As I'm a salaried person my tax is deducted at source. Now I dont' even have Form16 of previous years. Please suggest me how to file the return now.

Thanks & Regards
Jags

Dear All,

An individual has taken a PF loan for construction of residential building. i want to know whether interest on PF loan is allowed under sec 24b for that particular house which is self occupied.There is no document with him for the loan applied or a sanction letter. The loan amount is directly credited into the salary account. Pay slip gives the details of interested paid during the year. He has ignored the Principal as the 80C benefit exceeds Rs. 1 lac.

How to restore the data from my pendrive to tally( system). Will you tell me the steps how I can do it. It's urgent

Data folder option where it is available

How To Efile tds return

DEAR CCI MEMBERS,
MY EMPLOYER HAS NOT SHOWED ANY EXEMPTED ALLOWANCE IN FORM16 . KINDLY LET ME KNOW IF STILL I CAN CLAIM FOR EXEMPTED ALLOWANCE . THEY HAVE JUST MENTIONED AS PERS PAY ALLOWANCES UNDER THE TAXABLE SALARY HEAD.

How would I know my tds return accepted or not?

Hello ,
My mother has one Short term deposit in her name in which I am nominee, she passed away in month of february 2013 ,
now I have recd the amount of pre matured STD along with interest.
Whether this interest is taxable in my hand and under which head ?
Other wise I fall in 30% bracket..
Pls reply as today is last day of filing return under 139(1)