I have taken a office in lease w.e.f may 2017 and monthly rent is Rs.15500. I have started my business from may 2017....my turnover will exceed 2 crore in fy 2017-18 that means i m liable for tax audit. Should i deduct TDS on rent?? I hv taken TAN no. wef 27 june 17.
Answer nowis there change in section 24 for coming interest benefit for house property is the combined limit for owned + let out together is 2 lacs?
Answer nowHello all. Need an advice. It's urgent and related to Return filing. Last year I filed ITR IV of my client, who was working in a company and was running OLA Cab as side business. I have filed his ITR IV return with salary and business income. I have shown loss in his income and given him refund of 3300. While doing his balance sheet I have not mentioned about the shares he was holding last year. Now in this year when I will file his return I will show the shares he is holding and profit he made on it as short term and long term capital gain. Last year he have not made any profit in selling shares, so there was no capital gain. Now my question is, will there be any issue that last year I didn't mention the shares he was holding in the balance sheet. 2nd question is , this year I have to show his shares in balance sheet right . And capital gains as well
Answer nowSir,
Can I receive cash 38000 pre month (456000 p.a. ) from home tuition from 15 students,
and fdr income aprox 85000 p.a.
which itr form file for above income
Thanks
please advise I want to buy a residential plot. plot value(Government Rate) 410000 . can I pay 220000 by cheque ..190000 by cash (I will withdraw 190000 from bank) ..is it ok ? because seller don't want all by cheque.
Answer nowDear Experts My total gross income is Rs 4.5/- lac for assememt year 2017-18. I want to file my income tax return. I have 2 fixed deposits in bank and earn interest 20000/- in last year. So, in that case i disclose my FD amount in ITR or only interest amount ?
Answer nowDear Sir,
Please let me inform what is the last date for filling income tax return for the FY 2015-16 (AY 2016-17).
Thanking you,
my deductor tds as per 194C from 2012 to till 2017 so now i want to file my retund previous i never filled return and at that time my incoe is not taxable so is it possible for me to take refund of year 2012-13,2013-14,2014-15,2015-16 because online utility of income tax site is not allowed me to file uper mentioned years return.
Answer nowUnder what circumstances HRA allowance in calculating income tax on salary is considered or not?
Answer nowHi All,
I finding following issue while filing online IT return,please help me out.
" Invalid Character(s), Only following characters are allowed.-,@;/()_:, What does it mean?
Deduction of TDS