umesh
10 September 2017 at 19:18

Sec 24 and capital gain

Interest on housing loan, once i claimed deduction U/s 24 and same time i capitalized( added in cost of flat ) it the books of accounts . can i claim that interest as cost of improvement while computing capital gain ? in other words can claim deduction U/s 24 and under head capital gain same time ?

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ASHISH
10 September 2017 at 16:15

Tds

For f/y 15-16 I HAVE FILED INCOME TAX RETURN ON 30-3-17
I have shown interest income on fd in my return and paid tax on it accordingly
Now i have come to know that tds has been deducted by bank in f/y 15-16
on this fd interest
how can i claim tds now

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Mubarak R momin
10 September 2017 at 15:22

Remuneration to parten u/s 40b

After disallowance of deduction of partner remuneration for sec 44ad will it be taxable in the hands of partner as an individual entity for ay 17-18

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Manoharan
10 September 2017 at 13:50

Rectification u/ s 154

One of my Firm filed IT return for the AY 15-16 at the time of filing they did not fill the partners salary in ITR form but they filled in calculation form. Now the firm show cause Notice with demand of Rs. 42,562/-. Can I file rectification return now. Please Give me a suggestion.

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SHREEPAL LALWANI

Dear Sir,

Excess payment made to Creditors is allowable expenses as per income tax act?

Late payment charges for payment to creditors is allowable or not?

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Safique Sardar
10 September 2017 at 02:27

Tax on gift

Sir what would be tax liability
for a gifting of an immovable property to a person other than relative/ non relative, what would be the tax liability for donee and whether doner of the property is liable to pay any tax and there is no monetory consideration and both are individual. sir please explain dis with applicable section.

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Anonymous
10 September 2017 at 01:27

Tds accounting

Dear Sir/Madam,
In case of a partnership firm, I received rent after after deduction of TDS by my tenant. where rent is rs.1,00,000 and tds he deducted is10,000. therefore i received rs90,000. how to pass entries in books.? kindly help.

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Manoranjan Das
09 September 2017 at 22:26

service tax and tds

party raise bill on jun with service tax and paid the same. we receive bill on aug. how i will make entries in book?

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Anonymous
09 September 2017 at 21:16

About tds payment

I Paid Rent on 31.8.2017 of Total Rent of Rs.35000/- out of Which 10% deducted ie 3500 Balance Amount paid on 31.8.2017 and Same is Paid 9th with Interest for One Month of Rs.600 Total Paid of rs. 4,100/- This is Proprietorship Business With Tax Audit. is there any penalty other then Interest.Please inform me sir

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Anonymous
09 September 2017 at 20:58

Income tax refund not processed yet

Hi there...I filed income tax returns form ITR-4 for AY of 2017-18 on 14th June. Its been almost three months now, but it has not processed yet. It shows only received by the department when see it online. I just wanna know how much time it will take to get refund. When i can expect the dispatched refund..

Thanks a lot ...

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