Salahu Pulikkal
02 March 2017 at 16:21

Income tax filing

before filing return of one assessee I paid the income tax online, But mistaken the challan number entered.. is there any remedy.? it was a belated return.

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Vaid Mohammed
02 March 2017 at 09:16

Letting out of home query.

Hello, Good morning experts. I am an owner of a registered flat in Mumbai. The flat is in my single name. Now I am planning to move in suburban area in Mumbai. Now I am planning to let out this flat and myself with family go on rent to another place. My query is : 1. Can I make my current he agreement in my wife's name as a Licensor, instead of my name? Will it be hold valid in law? 2. What tax implications she would have to bear? Our strategy is clear that we will give our this flat on rent and take another on rent, so in net there are equivalent expenses for the income we generated?

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Rohin singh
01 March 2017 at 10:30

income tax self assessment

my client instead of deposit self assessment tax in challan 280 but he deposit self assessment tax in 282 as voluntary disclosure scheme mistakenly...now what shud i do to correct it??

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ashok
01 March 2017 at 10:08

Ltcg-new flat in joint name




DEAR,
I HAVE A LTCG ON RESIDENTIAL PROPERTY. I WOULD LIKELY TO PURCHASE OF MY NEW RESIDENTION FLAT IN MY JOINT NAME.
IN FIRST NAME OF MY MAJOR SON AND SECOND OF ME. SO QUESTION IS THAT SHOULD I HAVE CLAIM EXEMPTION U/S. 54
THANKS






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CA Faisal T M
28 February 2017 at 20:43

Section 40(b) of Income Tax Act

Whether professional charge paid to a partner by a firm otherwise than in the capacity of a partner is allowed under income tax Act or not?

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Gaurav
28 February 2017 at 20:22

Capital Gain on commercial property

what are the ways to invest the money received by selling commercial property

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R.MEENAKSHI SUNDARAM
28 February 2017 at 19:17

Who are all fall under tax audit?

1. Who are all fall under " Tax Audit "? (e.g:. Individual/HUF/ Firm)
2. If a Person falls under the preview of Tax Audit, what happens if he is not maintaining the Books of Account for the Financial year? how can it be justified?

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Anonymous
28 February 2017 at 16:04

E-verification pending

Dear Sirs,
We filed itr for fy 2014-15 and 2015-16. But due to negligence not e-verified the same.

Now can we again re-file the same or how it will be e-verified.

Rgds

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Vishal
27 February 2017 at 19:08

RENTAL INCOME

Sir, Rental income derived from the unsold flats which were shown as stock in trade in the books of the assessee should be assessed under which head??

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Anonymous
27 February 2017 at 16:49

Loan to wife

Dear All, Please note i have taken a Flexi loan facility(pay only interest on used amount) on the basis of my Salary for 15% . I intend to give the amount say Rs.5.00 lac and charge 16% from her.She will be investing/trading in shares.
1. Shall i show interest income (16-15) in my returns.
2.Did she can show the interest paid to me as expense for his Share trading business.

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