Dear Sir,

A person is receiving commission being post office RD Agent and he is not receiving any salary income.

Above mentioned incomes to be taxed in which head:
1. Profits & Gains of Business or Profession or
2. Income from other sources.

and which ITR should be filed in this case. A person has not even filed ITR of F/y 2015-16 So what is the consequences of not filed last year return. Can he take refund if the person has TDS Deducted. Please reply as soon as possible.

can 1 claim interest as expense for interest paid to spouse for amount received for business purpose

WHEN UPLOADING ITR3 I GOT THIS ERROR. PLS HELP ME TO SOLVE
"The XML Schema is invalid. Please upload the XML in the correct schema.
At Line Number 59 : The content of element 'ITRForm:AuditInfo' is not complete. One of
'{"http://incometaxindiaefiling.gov.in/master":AuditAccountantFlg, "http://incometaxindiaefiling.gov.in
/master":AuditReportFurnishDate, "http://incometaxindiaefiling.gov.in/master":AuditorName,
"http://incometaxindiaefiling.gov.in/master":AuditorMemNo, "http://incometaxindiaefiling.gov.in
/master":AudFrmName, "http://incometaxindiaefiling.gov.in/master":AudFrmRegNo,
"http://incometaxindiaefiling.gov.in/master":AudFrmPAN, "http://incometaxindiaefiling.gov.in/master":AuditDate,
"http://incometaxindiaefiling.gov.in/master":LiableSec92Eflg}' is expected.

Sir, I reported less income in ITR1 by Rs 4080 by mistake. Due to that it shows refund. Now what should I do to correct this?

Dear Sir,
My friend had actually received Rs. 25000 from insurance company and its TDS is Rs 1250/- and this details are as per Form 16A .
But in Form 26AS amount paid/credited is 19000 and TDS is 1250 /-

My question is that- In Income tax file from amount paid /credited, which amount to show as per form no 16A or 26AS. i.e , Rs 25000 or Rs 19000.

Ay 16-17 I had filed my income tax return in July 2016 but the deductor revised the TDS Return in Sept 2016 because of which Credit of TDS remained unreflected in my IT Return of Ay 16-17 but now in my 26-AS it has been reflected. Whether that much TDS Credit has been forfeited or can be claimed in my IT Return of Ay 17-18. Please guide me and oblige.

I am trying to e filing ITR3 through efiling portal of income tax but I didn't find option of itr3 and there only option of ITR 1 and 4. Please help

SIR AFTER UPLOADING XML FOR ITR 2 AY 2017-18 I AM GETTING MSG " PLEASE GENERATE XML AGAIN USING THE LATEST UTILITY"
KINDLY ADVISE

Dear Sir,
Whether Interest on Securities earned from a Limited Company is taxable under income tax.


Thanks,
Abhishek

Sir/madam, My son paid income tax for A.Y.2016-17 thro' bank challan online dtd.23/07/2016 & receipt was generated online. It was his first time. On 27/12/2016 a Demand notice by CPC,Banglore was received for payment of FULL TAX i.e.Rs.30323/-. When Challan was examined it was found that he had mentioned Wrong A.Y.2015-16 instead of 2016-17. HE shocked & DEPOSITED full tax demanded i.e.Rs.30323/- thro' bank challan under all heads/A.Y.This time all OK. Now, how previous AMOUNT paid by Previous challan could be Refunded/Adjusted. YET, HE HAS TO FILE RETURN FOR A.Y.2017-18. Please help my son,sir. Thanks.