Dear Experts, I already filed by Income Tax Return for the Financial year 2016-17 and i have Tds refund in that return.When can i get that TDS refund amount from IT Department.

hello sir, i want to ask that i have a case of salaried person in a govt employment they deducted her TDs & give form 16 also. on the basis of that she filed a return but in 26 AS TDs not shown in her a/c so the demand has arised from CPC for the difference of TDs amount. so i want to know how can i response online & whether i have to response in a grivience column ???

Dear all, she is housewife no other income. only FD Income & Interest. First time ITR filling. i suggest Her ITR, 2 Year filling of new ITR filling. Right or wrong

Mr. A accepted a loan from Mr. B of Rs. 2.00 lakhs in the Apr 2016 and in the month of Jan 2017 Mr. B asked him to pay his LIC dues. Can Mr. A pay them. Whether provision of Sec 269T applicable and result in penalty u/s 271E? Receipts and Payment are through Account Payee Cheque.

Assessee is having 4 residential house and shown income from house property for all the property. In this year he is selling 2 house and retain 2 house. LTCG on sale of these two house is utilised for purchase of another 1 house in the same year. Is this LTCG eligible for exe u/s 54

URD has not paid to me the GST Amount and as such I had to pay RCM on his behalf. Whether there is any such rule as under which the GST department should refund the RCM amount to me through NEFT because it is my own money paid by me on behalf of URD. If the RCM amount is not refunded, it will be my loss. In other words I want to say that nothing should be there such as RCM or RCM should be exempted. It means that we should not purchase from URD. We should purchase from GST holder only.

CAN I FILE RETURN FOR AY 15-16 IF IT GET INVALIDATED NOW.. IF YES THAN IN WHICH SECTION. RETURN WAS FILED IN DEC. 2016

Sir,

please tell the GST rate on bamboo.

DEAR EXPERT

ONE OF MY CLIENTS HAVE ITR RECEIVED BY DEPARTMENT AFTER 120 DAYS AND THIS RETURN HAVE REFUND UNDER THIS RETURN.

SO WHAT TO DO ? SO I CAN RECEIVED REFUND

PL. ADVICE

Hello,  Please let me know Income Tax treatment for following scenario;  1. The Person has won Lottery of Rs. 10,00,00,000 /- in United States of America, and they have deducted federal tax @ 30% and decided to remitt Rs. 7,00,00,000 /- to that person...  2. The person is Ordinary Resident and he has gone there on Tourist Visa..So he don't have NRE or NRO account as he is not NRI..he was there for 1 month only..  Now below are my questions  A) Can he deposit his foreign currency cheque to his normal Indian saving bank account ?? and if yes then how much days it will take to credit the money in his account ?????  B) What will be the tax treatment.. will he get benefit of Federal tax Deducted at Source by US..as If he shows Income of Rs. 10,00,00,000/- the Indian Income Tax will be around Rs. 3,50,00,000/- and US has already deducted Rs. 3,00,00,000/- so what will be his tax liability??? (Rs.3,50,00,000 - Rs. 3,00,00,000= Rs. 50,00,000/-) OR (Rs.3,50,00,000 + Rs. 3,00,00,000= Rs. 6,50,00,000/-)  C) OR Is he has to pay tax on 7,00,00,000/- i.e 2,48,50,000/- So his total Tax will be Rs. Rs. 3,00,00,000 + Rs. 2,48,50,000 = Rs. 5,48,50,000/-  D) If he gets benefit of Federal tax deduction then how to show in Income Tax return and where is column in Excel file of return to fill the details??  Kindly clarify ASAP..awaiting reply....quick response is expected from you guys..