What are the remedies available to assessee if the order u/s 154 of Income Tax Act, 1961 or u/s 35 of Wealth Tax act, 1957 is not passed by the Assessing Officer within 6 months from end of the month in which application is recieved.

sir, pl suggest a solution- A client is doctor follows cash system. in fy 14-15 accrues fees rs.25 lakh as per form 26as and deducted tds of rs.2.5 lakh thereon. but actualy recd. only 8 lakh in fy 14-15 & mostly remaining in fy 15-16. Then how his income calculate for tax purpose. If in fy takes income rs.8 + tds 2.5 = 10.5 lakh then there is refund and in fy 15-16 various amounts recd for LY as well as current period, hence there is much tax payable. How compute correct income and taxability. Thanks.

Mr. A employed in Kuwait. Income earned in Kuwait, remitted to his family in India by him. He wants to take h housing loan around Rs. 5-6 Lacs. how much income he should project in income tax return. as his income is exempt. under which head he should project income.

I derive income from salary however recently I have started a business on the side as well. I have purchased a few capital assets and cleaning set off for the same against my income from business. However I would like to know that can I set off my unabsorbed depreciation against income from salary?

we had sold a property which comes under 54 section and sold another property which comes under 54F .Now we have invested in a residential property .can we claim exemptions under both sections for investment in one residential property

sir I have recieved a notice from income tax department India . my father sold the agriculture land in December 2012 . which was the ancestral land. now we have received a letter/notice from income tax department that 1. provide the details of computation of capital gain received by sell of immovable property. what can I do sir now. please help me

is the calculation of tax is different for them, and in turnover we include both favourable and unfavourable trades, why ?? Is any expenditure we allow them to deduct from profit?

I am purchasing a property. There was an existent house which has got demolished and flats are being built in that land. There is a land agreement for 28 lakhs (for uds part) and construction agreement for 80 lakhs and both have been registered. The existing house has been demolished and construction is underway. As per 194IA, TDS is to be deducted if the sale consideration of property is greater than 50 lakhs and I have informed the builder on the same that I will deduct TDS on payment. However, his auditor's view is that land is the immoveable property which has been sold and is less than 50 lakhs and hence not applicable and also service tax has been paid on construction cost treating it as services. Please confirm whether TDS is applicable and I need to deduct 1% on the payments I make as the total consideration is greater than 50 lakhs.

Hello All
I want your guidance in regards to the capital gain scheme account.
My client has deposited a amount of his capital gain on sale of property in the capital gain scheme account for 1 year for taking exemption u/s 54 on 31.7.16. and he sold the property in Feb16.
But he is not able to take other residential property within 1 year from the date of sale , can he extend time of the FD done in the capital gain scheme to another 1 yr?
What will be shown in the return for the assessment year 2017-18?
Pl advise.
Regards

what if an individual, not falling under income tax audit, inadvertently deducts and pays tds while making payment of interest to unsecured creditors?? Is he required to deduct the tds in subsequent years also??