My wife earned dividend from Income (Debt) fund in 2012-13 financial year. Account statement from the fund house shows the dividend amount reinvested but does not show TDS for the same.
When I inquired with the fund house about TDS, their investment advisor told me that dividend distribution tax has already been deducted and paid to IT department and therefore my wife does not have to pay tax on the dividend reinvested.

I thank you for clarifying my following questions:

1) Is the advisor's above mentioned statement correct that my wife does not have to pay any tax on the dividend income.
2) Does my wife have to report the dividend income in her return (as income exempt from tax) and if so in which schedule or section of the ITR2 should she show it.

Regards,

Narayan

If my CPT - June 2013 result is awaited i can register for IPCC may 2014 online????

while filing IT Returns, suppose we mention House property as let out.

We are getting deduction u/s 24 for interest paid on Loan - there is no maximum limit.

however is it compulsory to show the Rent income in the sources of income while working total income.

kindly confirm

Dear All,

Can anyone please provide me Concurrent Audit Format for CDR Audit.

Thanks in Advance

Abhishek Agarwal

Sir
I have made a contract with a company for transport its product to it go down. Now please help me what is the procedure for service tax and I am a proprietor

One of client had applied for PAN Card last year and the ward no has not been correctly mentioned in it. As per his address the Ward No should be different. Since I am suppose to file the return for the first time for this client should I take the correct ward no or one which is shown on Income Tax website at the time of e filing of return as the return of this client has never been filed by anybody and this is his first time?

Hi

I have enrolled myself through registration de novo after 5 yrs break. I have already passed Group -II in june 2007 exams. Request any body to let me know how many exams i have to appear to clear executive program under old syllabus and under new syllabus.

I am an assessee who file ITR 1 online. After feeding in all relevant data, the calculation sheet shows a net tax payable by me of Rs. 20/- for the A.Y. 20130-2014.
Do I have to pay this tax before filing the ITR 1 ?

Regards.

Dear All,
Can an Assessee avail the exemption of HRA under the head "Income from Salary"( as he is living on rent) and simultaneously avail the exemption of Interest paid on Housing Loan on Self occupied property(SOP) under the head " Income from House property".

The Interest paid is on the SOP but the same building is under Redevelopment process and thus not in a condition to reside.
Thus can he avail the exemption simultaneously.??

If He can not avail the Interest paid on SOP then can he carry forward the same to get the exemption in the subsequent A.Y. and what would be the Time limit till the assesee can carry forward the same.

Awaiting for the response.

we are manufacturing unit we purchased materials from local vendor by paying Duty

But we have not taken Input cenvat Credit on this supply? after processing the goods we exported under LUT but can we claim rebate for this supply?