Income tax

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

20 April 2015 DEAR EXPERT,

ONE OF MY CLIENTS HAVE AGRICULTURE LAND,
WHEN CANAL PROJECTS ARE START THEN SOME OF HIS LAND GOING IN CANAL PROJECTS I.E. EX.ENGG. N.P. CANAL.NO.10.NARMAR NEHAR.
SO, GOVT.HAS GIVEN AMOUNT TO MY CLIENTS IN TERMS OF INTEREST AFTER DEDCUTION OF TDS.

INTEREST RS.972000/- AS PER TDS CERTIFICATE AND TDS RS.97200/-. A.Y.2015-16.

MY CLIENTS WANTS TO FILE RETURN AND REFUND TDS RS.97200/-.
PL. GUIDE ME HOW TO GET TDS REFUND RS.97200/-.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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20 April 2015 He simply can get refund if he dont hv any other taxable income by filling income tax return

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

20 April 2015 BUT DEAR EXPERT,

HE HAS ALSO BUSINESS INCOME UNDER EXEPTION LIMIT.I.E. RS.195000/-.+ INTEREST INCOME RS.972000/-.

Querist : Anonymous

Querist : Anonymous (Querist)

20 April 2015 DEAR EXPERT

PL. GUID ME COMPUTATION OF INCOME FOR RS.195000/- BUSINEES INCOME AND INTEREST RECD.RS.972000/-. FROM EX ENGG NARMADA CANAL. TDS RS.97200/-..

GUIDE ME HOW CAN GET REFUND RS.97200/-. AND FILE ITR WHICH PL. ADVICE.

Querist : Anonymous

Querist : Anonymous (Querist)

CA ANILKUMAR B.COM ACA DISA

CA ANILKUMAR B.COM ACA DISA (Querist)
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21 April 2015 He is getting interest for what? what is the substance of the transaction? I think TDS head incorrectly made.

Querist : Anonymous

Querist : Anonymous (Querist)

21 April 2015 dear ca anilkumar

Some agriculture land with my clients, it has going in narmad canal, So, Ex.Engg. Had ded.tds under section 194A . given payment to my clients. & given Tds Certificate for the same.

so, guide me what we do.& file return and return tds amt.

sir, pl. reply immidiately.

CA Mohit Bansal

CA Mohit Bansal (Expert)
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21 April 2015 The return should be filed from practicing Chartered Accountant by taking his expert advice. The return can be done at very minimum fees