Asst Yr/2016-17 (fin yr 2015-16): When an individual having salary income and FDR interest tried to file belated return (refund due) online through ITR 1, the system is not accepting. It says date over u/s 139(1). What to do? Is thee any other for belated return? - Ramaswamy.T

I purchased a flat in 2007 for Rs 14,000,00 taking home loan. Due to circumstances I have to sell it next month for Rs 44,000,00. I just want to know what is my capital gain and how much I have to reinvest for another property to avoid tax/loss? Can I use the amount to reduce my home loan in my new property?Pl help me with details.
Gopalkrishnan

Whether gift received from relative which is exempt u/s 56(2)(vii)a should be shown in ITR?

Hello

I have a doubt that suppose if i want to claim exemption u\s 54 and in sale deed my name is first and my wife's name is second and in the purchase deed of new house my wife's name is first and my name is second so can i claim exemption u/s 54??

please answer as soon as possible..

if no then what can i do?

insurance company is deducting TDS from sums paid to policy holder under the above section even though the recipient is NRI and premium paid through NRE account Is the above section is applicable to such payments by insurance company? kindly let have your opinion

dear sir, in my father salary TDS was teducted in AY 2010-11, we claimed it for payment of income tax but department has raised demand for amount of TDS due to putting wrong PAN No. in form 16 .So please make me aware that what should I do?

if company not give benefit of house rent. can i take benefit in ITR.

Hi expert,This year I filled tax for the first time by my own. And made some goof up. I submitted the tax file with out making and it was Aadhar validated. Later on I made payments using axis bank online facility. While I paid tax successfully, the challan downloaded was of errors. Hence could not open it. Please let me know what to do so that I can get back the challan. Also let me know the process as how should I proceed with efileling. Thanks in advance.

Respected Sir ,

My client's Gross arrears salary is (3,12,085)
Deductions
--------------
PF (29,605)
Income Tax (10,000)
SIP (7750)
========
Net arrears Salary Received 264730

for Claiming Releif u/s 89 , Gross arrears salary Considered or net ??

Thanking You

Hi, by mistake I filled my gross salary in Income under Salary col3 in Tax details of ITR-1.. (This figure was coming by default)

But now I came to know that we should fill net income under Salaries (point 6 of our form 16).

There is a difference of 1.5 lakhs. Will there be any problem?