Aditya Parakh

ITR-4S - TDS from Interest / What about business activity TDS ?

While filling ITR4SUGAM form.
Where are we supposed to fill the details of the TDS deducted by our clients.
There is a sheet for TDS. But the way the form states , it seems to be meant for TDS applicable only for "Income from Other sources" ie Interest etc.
It says so : while filling up "Income from Other sources" to fill schedule TDS 2. And after generating XML. in the pre-XML check sheet generate also it states "Tax on Interest". No of entries and amount of TDS.

can this considered for business activity TDS ? or that tds is not allowed ?
that would be shocking !

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sai sindura
15 June 2017 at 10:54

Capital Gains

When the ancestral property share is withdrawn from the property and given to elder person in the family for no consideration but for the document purpose it said that sum amount is given then in this case will capital gains arises.If so to whom it arises. please advise sir.

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amar preet singh
14 June 2017 at 19:43

Capital gain

Sir i have property in my name and i am living in this house , i have another land for rs 400000/- if i sell this land after 3 years then the capital gain arises from this activity is eligible for Capital Gain Bond 54 EC for saving tax or not ? . i dont want to purchase another house because i have my own house

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kalpesh

My client having propritorship converted to partnership firm & transfered all asset & liabilities on 01/04/2015 to partnership firm and filled return for f.y 2015-16 showing income from partnership firm in itr 4 by mistake.now he had receive notice for defective return now how to response it. The error code is 310 i.e file Profit & loss a/c & balancesheet.
but as said earlier the p&l and balancesheet has no value as all asset and liabilities is transfered to partnership fiem via capital a/c. and the original return was filled belated. so what to do pls help me out. can i correct form itr 3 in response.

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Vishnu Gowda
14 June 2017 at 18:54

Deduction for Individual Income

Dear Sir Madam

Personnel expenditure can deduct for individual income tax returns?

Thanks

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Preetam Singh Shekhawat
14 June 2017 at 18:48

Aadhar card linking

Dear Sir,

Is it necessary to link PAN with Aadhar from July 1, 2017 onwards for filling of Income Tax Return?

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kamlesh
14 June 2017 at 17:31

ITR

Mr. x is receiving commission (for growing broiler chickens under his owned shed) from a company engaged in poultry farming. plz suggest which ITR should he file ?

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Manpreet Kaur

Hello Sir How to file the rectification status of AY 2013-2014 When the Itr V is rejected due to reasons for filing after due date. Please suggest me at the earliest sir g.. Thanking You

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CA Raj Doshi
13 June 2017 at 00:06

House Properties various queries

Property 1 - Title in the name of deceased husband. Wife is staying here. Title not yet transferred. Property 2 - Jointly owned property by wife and deceased husband . Not let out. Title is still in joint name. Property 3 - Title in name of wife. Wife's mother stays in there. There are No children. Question 1 - Will Property 1 be treated as SOP and Property 2, 3 as Deemed to be let out ? Question 2 - Since there are no children , can wife be treated as legal heir ? If yes, under which section and which Act ? Question 3 - Can there be any other legal heir except the wife in this case where there are no children and husband is no more ? Question 4 - Please provide case laws similar to the question relating to legal heir , multiple properties and title not transferred. Question 5 - Can some other relatives create a dispute and not let the property transfer in wife name ? On what possible grounds ? Question 6 - What is the procedure to transfer the title on such properties where husband is deceased and wife is jointly owning / legal heir ? Question 7 - There is no WILL executed by the husband. What issues it might create ?

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Kanakasabapathi Subramanian
12 June 2017 at 18:20

Business or professional

Started off filing IT returns as a "Professional" for teaching services.
Over the years, activities have diversified into multiple disciplines.

Would it be ok to switch to filing as a "business" and take advantage of the 8% presumptive taxation?
Or would it flag up the IT return?

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