My client made mistake in Calculation of Long Term Capital Gain on Mutual Fund while filing his Income Tax Return for A.Y. 2011-12 . He had a Long Term Capital Gain of Rs. 17,158 on Debt-Oriented Mutual Fund (M.I.P.) which he showed as LTCG on Equity-Oriented Mutual Fund . The amount of Rs. 17,158 was taken as Exempt Income in his Return. However , actually LTCG on Debt-Oriented M.F. is taxable @ 10% without Indexation & 20% with Indexation . After applying Cost-Inflation Index Formula , the Profit of 17,158 actually becomes Loss of Rs. 3,57,842 .Two Years have past since he filed that Return .
My Question is that is there any way ,now, by which he can be able to carry forward that Loss of Rs. 3,57,842 (For e.g. , by filing a Revised Return for AY 11-12 now)?

there are many query related pension :-

1) Which ITR Form should be used while filing Income Tax Return for showing Pension Income. and salary income.

2) if a person is ex serviceman and getting pension amt to 130000 p.a. so in which column pension amt should be filled.

3)in which column housing loan interest should be filled.

Respected sir,
we are dealer and registered in service tax department. i have question that we are file nil return of service tax , can we take credit of
service tax for getting service of telephone service provider

Dear Sir,
I received commission Income from insurance company Rs. 365000/- and they deduct TDS @10%. Please suggest which form of ITR I submit to income tax department and what is the allowed expenditure for this head of income.
thanks

Hi Experts,

A Partnership Firm wants to file Loss Return,

What is the Due date of filing the Returns so as to carry forward the losses.

is it July 31 or Sep 30.

As Section 44AB says Presumptive Income Lesser has to be Audited and the assessee income exceeds Basic Exemption Limit.

Sir, i had cleared my ipcc last year and currently doing articleship. Please suggest some short term certificate courses which may be useful.

a partnership firm is dealer of hero moter
cycle. there are two activities of this firm-

1) sales of motor cycle
2) servicing of motor cycle

Q.- the firm purchase a common computer software from hero moto agency for use in showroom for sales purchase of motor cycle and also for service center - the firm is paying service tax on servicing of motor cycle in service center . then the firm can book CCR on service tax paid on such software

a partnership firm is dealer of hero moter
cycle. there are two activities of this firm-

1) sales of motor cycle
2) servicing of motor cycle

Q.- the firm purchase a common computer software from hero moto agency for use in showroom for sales purchase of motor cycle and also for service center - the firm is paying service tax on servicing of motor cycle in service center . then the firm can book CCR on service tax paid on such software

HE FREIND MY FRND...WANT 2LAKH KA LOAN FOR SUCH BANK ASKES HIS INCOME RETURN BUT TILL THE DATE HE DIDN"T FILE HIS ANY RETURN WHAT I THOUGT IS THAT KI HE SHOULD FILE HIS NIL RETURN FOR A.Y.2012-13 & FOR 13-14 PAY TAX FOR SAY IN THE RANGE OF 1000-1500 IS THE OKAY OR ANY OTHER STEP PLS....HELP

employee received HRA of Rs.40000. Taxable HRA is 35000. Employer deducted TDS on salary which includes HRA of RS.40000 but not Rs.35000. while filling ITR whether employee can claim deduction of Rs.5000 [U/S 10(13A)] from salary since while calculating TDS on salary deduction of Rs.5000 [U/S 10(13A)] is not considered.