dear expert

i want to know if assessee has salary income and hdfc life insurance agent and he get commission for rs.48000/- and tds also dedcuted under 194d.

commission income show in income from other sources or he get 1/3 ded.of 48000/-. and claim tds .

pl. clear my confusion.

I filed my income tax return only after checking my TDS 16/16A and Self Assessment Tax in TRACES. Everything was there and I filed the return. After filing return for AY 2014-15 I checked the Tax Mismatch. I got the answer that for TDS there is no mismatch and all amount is available in 26AS. However for the Self Assessment Challan it is showing two columns. The first is giving data of challan as per e return and the second column is showing blank under 'available with e-filing. Apparently this means that the self assessment tax is not reflecting in e-filing portal. The challan is visible in TRACES. Is there any action assessee has to take to transfer the same to efiling portal. Does one have to treat this as notice of defect and file return again or for any rectification.

Dear Experts,

I'am having only salary income
I have not filed any return till now
i have form 16 for the FY 12-13 and FY 13-14
my colleague suggested me to file return even for FY 12-13 but i have to pay Late return filing charges for FY 12-13
Can you please tell me what will be the charges and the calculation.

Thanks
Best Regards,
Prashant Kank

Sir, will there be any fine/interest to be paid if self assessment tax for ay 14-15 is paid now as ITR last date is 31/7/14?

what's amend for nov14 ipc course

Dear Experts,
Mr. X has sold some unlisted shares purchased in 2010-11. In the process he has made a profit.
How will the same be taxed.
Whether indexation can be applied to unlisted shares?
Whether tax rate will be 10% or 20%?
Thanks

A

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