Dear All,


Please help me upon TDS deducted on Interest on FDS.
One of my client's father made an FD in her name 20 years back. and himself acted as nominee.
Recently FD got matured and TDS is deducted by bank. My client is not submitted her PAN while opening FD (i.e 20 years back). Now bank employees are not accepting form 15 G for non deduction of TDS. and bank is already deducted TDS from last 4 years. Bank people are saying that no pan is linked to this FD. can we submit the PAN and get back the refund. or is there any chance to get back the TDS deducted. and my client has no other income apart this Interest.

Thanks in advance

One of our clients sold shares of his private company and is investing the amount for construction of residential house property. He already has ONE house in the city in his name.
Will he get claim u/s 54F and if yes, will he also get it for the amount invested in land or only construction cost.

Please help me!
TDS calculated by my employer/headmaster is Rs. 1.8 lacs being 20% of gross Rs. 9 lacs.(3 lacs for 16-17 and Rs.3 lacs each received as lumpsum for 14-15 and 15-16 during 16-17) Previous years, no single amounts were received and hence no PAN required. Eventhough I applied for my pan card a long ago, it was not yet processed. Now my employer is going to deduct TDS@ 20% of the whole income received during the year 16-17.
TDS deducted without PAN is non-refundable.
What can I do? Whether the entire amount has to be treated as tax.
After all fault is with the delay in PAN processing- with the department itself. Hence, can I get an immunity against this action?

if client sold house in Feb 16 n deposits money in savings account till current date. now what is the consequences? tax planning

In case of partnership firm,belated return was filed for A.Y 15-16.Defective notice was received.The firm only received rental income of Rs. 144000 from its machinery and as a result PGBP aagya.Firm claimed expenses such as partners interest expenses and derpre.Now the firm filed its return under 44ad.Partners doesnt wish to pay tax.Defective notice was received as 44AD was applied and income was shown as zero and no 8% income shown.Now how to file its return so as to not pay tax ? They cannot show it under house property as expenses are claimed. One way is to show loss under 44ad.Can you help me out on this ?

Pls any body clear with example clubing of income in income tax

Sir,

I would like to know which amount is taken as cost of acquisition in case of land or building if the purchase consideration paid is less than the market value at the time of purchase of the property?

Respected Sir,
one of my client is salary person and also doing shares in derived and options.at time of filing return he did not inform about share trading and file return as per Form 16.
Now he got notice 142(1).please furnish details of investment made in Shares\derivatives.
in shares trading he incurred loss.
what is solution for this.
Kindly advice for this matter
Thanks to All
Vikas

I have filed belated return for ay 15-16. demand was raised wrongly by cpc how can i rectify ? because it is not possible e revise or e file revised return

I have filed belated return for ay 15-16. demand was raised wrongly by cpc how can i rectify ? because it is not possible e revise or e file revised return