sir , I want to ask you that can the head of the family will claim lic under 80 c of income tax of his wife , children in his itr.. i have some doubt ...I think yes but please clarify...
Answer nowCan a person doing vehicle finance business lend above 20,000/- to its customer on basis of hire purchase agreement in cash?
Also many jwellery businessman lend above 20,000/- by taking jwellery from customers in their possession. Is it allowed?
Hi, I was working with a company which deducted and deposited TDS in FY 2009-10. I couldn't get form 16. Now the company is closed. I could trace the challan for deposit of TDS by the company. Now, since the TDS is not appearing in my account, department has served notice for payment of tax with interest. I have submitted the copy of challan along with proof that I was employee of thay company. However, the IT department is not responding to these submission and keeping the demand open. Please suggest how to resolve this.
Whether an investor can sale its holding, acquired in multiple lots, in a way that will result NIL capital gain in the hands of investor ?
Example :- Mr A acquired shares of XYZ Ltd in 2010 - 5000 Shares ,i.e. lot 1 and in 2015 - 3000 Shares, i.e. lot 2 (Both allotment / acquisition is in paper form).
Please suggest, whether Mr A can sale 2800 Shares from both the lots, i.e. (2000 Shares from lot 1 and 800 shares from lot 2) ?
Is there any restriction to sale from a single lot ?
Also provide any write up / notes if available ..
Am receiving professional fees 29000/- and it's GST 5220 .So the total value of my invoice including GST is 34220. in this case whether I have to deduct TDS under 194j ( in excess of 30,000)?
Answer nowI have old gold (jewellery) for which i have no bill nither i know cost of purchase of that gold, niether i know year of purchase. It is given to me by my Grand parents, i.e. it is inherited gold Today if i go to market and sell that gold, will there be any capital gain on sale amount.
Answer nowSir We have registered a partnership firm in July 2017 and paying rent for amounting Rs 50000/- Pm.... Kindly advise whether we required to deduct tds or not.....
Answer nowWhere will this income (from renting vehicles) be taxable under itr 4 of income tax.
Answer nowI AM COVERED U/S 44ADA.I HAVE TWO HOUSE PROPERTIES.ONE IS SELF OCCUPIED& ITS INCOME IS NIL.2ND ONE IS RENTED & I GET RS.50000/FROM THIS PROPERTY.DOES IT AMOUNT TO INCOME FROM ONE HOUSE PROPERTY TO MAKE ME ELIGIBLE TO FILE RETURN USEING ITR4.KINDLY EXPLAIN..
Answer now
ITR form