Kindly give your expert advise on the below matter :-   We have to upload consolidated Form 15G/ 15H for a full financial year for a company.  The interest  on deposit is being paid to the depositors monthly. Certain persons’  interest is below Rs: 2.50 Lakhs per year and we have collected 15G / 15H from all these incumbents.   *Whether we have to upload Form 15G/ 15H in every a quarter whenever interest is paid.   OR   *Whether we have to upload this only once for each such depositor    ( ie. In the quarter when they have opened the  a/c  ) .   Pls Advise...

Hai We have to upload Form 15G/ 15H for a full financial year for a company.  The interest  on deposit is being paid to the depositors monthly. Certain persons’  interest is below Rs: 2.50 Lakhs per year and we have collected 15G / 15H from all these incumbents.   *Whether we have to upload Consolidated Form 15G/ 15H in every a quarter whenever interest is paid.   OR   *Whether we have to upload this only once for each such depositor    ( ie. In the quarter when they have opened the  a/c  ) .   Pls advise.

Dear Sir,

We have a client who has not filed Income tax return for the AY 2016-17 till today. Further he has to get IT refund also according to the Income Tax calculation for the said AY 2016-17.

Can he file IT return for AY 2016-17 now and is he eligible to get a IT refund.

Please clarify.

Regards,
Sangram Nayak.

My sister a UP Govt. Employee has received arrears of salary RS.10.68 lakhs for the period from 2010-11 to 2015-16.(b) The tax relief u/s 89(1) is RS.0.71 lakhs.(c) Form 10 E & it's annexure have been prepared.What is the practical procedure to seek relief & subsequent refund.R.Dayal(20/6)

Whether interest on tds received is taxable on receipt basis or accrual basis? I have received interest in the month of April 2017 and it is been reflected in 26 AS of Financial year 2016_17

Dear Tax Experts

Is there any deference while computing income from Hose property, Self Occupied and Let Out Property ?

My friend has gross insurance commission receipts of 325,000 and incurred for that is 27,000. Whether books of account required to maintain.

I have rented a flat and I have received 6 moths rent as advance towards security deposit and received rent for 11 months. ( Rented from May) . During next financial year I shall receive rent for 7 months only as rent for remaining period will get adjusted from advance . Company has deducted TDS. Thus there is disproportionate Income & TDS deductions. Question is Can I show 11 months rent & TDS for this FY & Transfer Rent Income & corresponding TDS to next year? Is this acceptable.
2. I have received part consultancy income FY 16-17 & balance in FY 17-18 . The company however deducted total TDS during FY 16-17. Can I balance this out i.e. Transfer corresponding TDS to 17-18.
Thanks
JCR

i have a Govt employee and my income tax deducted in FY 2010-11 by my employer and not booked in my PAN in respective FY. i have filed ITR in same FY now IT department raised demand. i have intimated to respective AO in this regard but my demand not dropped by AO yet. please convey what should do at my end

Doneted Rs.61000.(eligible for50% deduction.Gross income is Rs.687000. Deduction u/s 80C & 80TTA is Rs.150000 & Rs.4000. How much deduction is available u/s 80G, & total tax liability. While filling the respective Sch of Donetions in ITR - 2, the eligible amount is caculated as 50% of Rs.61000 i.e.Rs.30500. How to fill / arrive at correct amount in ITR - 2. Please, guide.