I m filing return online but how to show speculation loss in itr 4?
as it doesnt catch negative figures..?

Note on difficulties faced in submitting Income Tax Return for an Assessee settled and residing in USA.

Assessee is a citizen of USA and has interest income in India. He is assessed to tax with International Taxation Division at Scindia House, MUMBAI.

Assessee has authorized his Brother to sign all documents and operate his Bank account through a Power of Attorney and Income tax Returns up to A.Y. 2011 – 12 were submitted manually. Income Tax Return for A.Y. 2012 – 13 was electronically submitted and ITR V, duly signed by POA holder, was sent to CPC Bangalore.

POA holder’s name is mentioned under verification clause and return generated for A.Y. 2013 – 14, but the same is not accepted by CPC Bangalore for mismatch of verification clause.

In this connection, we had a talk with CPC BANGALORE and they insist on the ITR V and return to be signed by the Assessee or to verify the return under a Digital Signature.

Section 140 (a) (ii) allows the Return to be signed by an authorized person in case Assessee is absent from India.

Assessee’s case is squarely covered by the above provision and CPC Bangalore should accept the return duly verified by a duly authorized person.

For Assessment year, 13 – 14 assessee is required to furnish the return electronically and hence the above query.

dear sir,
I have salary income of Rs. 350500/- including short term capital gain (from selling of shares)for Rs. 39471/- for FY 2012-13.My employer deducted the tax and deposited.

Do i need to pay tax on STCG further and also advise which ITR form i need to file and how ?

Regards

i have received from lic a commuted value of 58654 after tax deduction of 25137 and monthly annuity of 813 after i left the organization
want to know the tax treatment of it that commuted value recieved as superannuation is taxable or not and monthly annuity is taxable or not and under which head

i have purchase a flat in Previous Year 2012-13.I had purchased flat jointly in my name and in my wife name in 50-50 Ratio.In that year i had paid Rs.One Lakh Interest to bank.All interest and principal amount of laon paid by me.
Plz guide me,can i claim full interest deduction u/s 24.This is my first flat.I have no any other house.

In a Partnership Firm one of the Partner purchases a immovable property at Rs. 1.05 Crores. And he paid cash Rs.30 Lakhs and by Cheque Rs.15 Laks through Firms Bank Account. And a partner is agree to pay the balance amount after some days by cash or cheque. All sale agreements are in the Name of the Partner not Firm.
The Question is what is the accounting treatment in the Firms Books? How I treat?
And what is the tax implication regarding Cash payment?

Respected sirs,
I have a query regarding service tax applicability:
Is intra-day trading effect the service tax exemption limit?(i.e. Rs. 10,00,000)

For eg. I have income from professional fee of Rs. 7,25,975, and also doing intraday trading, where I am in loss: total Sales/receipt - Rs. 24,87,225 and Purchase/cost Rs. 25,92,415.

Please suggest me Is I am liable to service tax and Can I claim loss against professional fee?

Thanks in advance

I am going to appear for ca final Nov 2013 exam, Satara is a ca final exam center. I want to know in which city of satara district the exam will be held and generally which college is allotted for CA exams.

Thank you

Dear all,

Please tell me about ER 6 in excise, is it required to fill by all the firms or not?

Thanks in advance.

Dear Sir
I am working in a packaging company and company has awarded a job contract to Stitching PP and HDPE Bags on contract basis company paying the amount on per piece basis.
my query is whether we have to charge service under reverse machenism or not?
kindly please advice me so that proper treatment to be given.