sir, one of my client was gone to america for working last auguest. so i feel he is a not ordinary resident status assesse. he working in america. now i want to know his salary from america is taxable in india ?

An employee withdraw amount from EPF before 5 years .is this taxable.Pls answer with relevant section

Whether Nil itr of Fy 2016- 2017 be filed without any penalty before 31st july,2017?

husband gifted land to spouse and spouse sold the property. Now capital gain on such land need to be clubbed in the hands of husband and taxed

Sir, plz kindly let me know abt due date for filing IT for an assessee, who is earning Director Salary from a Pvt Ltd Company. Thanks in adv.

Hi, one small question.. I am salaried person. 1. I have 2 house, 1 is self occupied and another is on rent i.e. got rent monthly 2. I have income from FD and saving account interest, 3. income from salary Which ITR form is applicable? ITR1 or ITR2

> Tax on Income from bank interest at source, under sec 194A, is free of edn+higher edn cess of 3%

> While filling ITR this income is shown under 'Income from Other Sources' and gets added to gross total income and invites a cess of 3%

> Isn't this a contrary to the basic rule of keeping TDS under sec 194A cess-free ?

Tax slab is >10Lac

Hi,

I have C/f STC Loss of Rs. 50,000/- pertaining to A. Y. 2014-15.

In this year (A. Y. 2017-18) , I have made STCG of Rs 41,000/-.

My total income including the STCG is below 2.5 lacs. Hence, no tax.

Can I choose NOT to set-off STC Loss against the STCG of this year and carry forward the entire STC Loss of Rs. 50,000/- to subsequent years?

Case Law if any would be highly appreciated.

Thanks,
Niki.

I work in small pvt sch & get 1 lakh in a year which I get through bank transfer as salary. I am not having any income statement or epf or any other deductions. My mother is a pensioners in bank account and income is low (non taxable) & so does not file return (she does not have pan even). She also contributes in family expenses, money is transferred in my account, which I withdraw if needed or it remains deposited & earns interest. It is very low though, say 1 lakh in a year & interest in s/b on accumulated amount (over 4-5 years) is 15k in current year. I have separate FDs (accumulated over several years) is 50k & tds (since I did not deposit 15G/H in time) is 5k. All my & my mother income, even combined including interests, is less (almost exempt). I have to file itr-1 to get the bank tds refunded. Please help me on following: 1. Will I show 1 lakh in salary income. In this case, can I leave 80c empty even though it may be a little amount. 2. Will I show other source income as 1 lakh (received in my a/c from my mother's pension a/c) + 15k (s/b intt) + 50k (fd intt) & show 10k in 80tta. 3. This makes the correct refund amount, but is it correct technically.

Where show vat tax refundable in Itr 3