if i got profit in short term capital gain of Rs. 40000/- for Fy 2016-17 , so what tax amount on profit and who will liable to pay tax , brokerage CO. or individual , what is last date of tax deposit or any penalty

i am already member of icai and having membership no. Now i am planning to start my own practice so which form should fill to get the cop as i am already member of institute. Thanks in advance.

Dear Experts,
an asset WDV is Re. 71

pls clarify :- should i charge depreciation by Re. 70 and left Re. 1 till tbe asset is exist.

Dep. A/C Dr....70
To Asset........70

however if we do charge excess dep. then specified percentage. the excess dep. will be disallowed during the income tax assessment.

so pls let me know should i dep. by 70 or should i charge dep. 15% per year till the asset WDV left Re. 1

what to do in this case.....

Thanks
ASAP

Title:None,Content:Sir i want to know about the aggregation rule for cash payments received above 2,00,000 and above for sale of goods and services.  For example if there are number of bills on deferent dates for sale of goods to a single person.(aggregate amount is more than 200000 but no single bill is more than 20000). Aggregate amount of Cash received against these bills is more than 200000.(Cash is received on different dates. For one date cash received is less than 20000.)

Title:None,Content:Sir i want to know about the aggregation rule for cash payments received above 2,00,000 and above for sale of goods and services.  For example if there are number of bills on deferent dates for sale of goods to a single person.(aggregate amount is more than 200000 but no single bill is more than 20000). Aggregate amount of Cash received against these bills is more than 200000.(Cash is received on different dates. For one date cash received is less than 20000.)

Title:None,Content:Sir i want to know about the aggregation rule for cash payments received above 2,00,000 and above for sale of goods and services.  For example if there are number of bills on deferent dates for sale of goods to a single person.(aggregate amount is more than 200000 but no single bill is more than 20000). Aggregate amount of Cash received against these bills is more than 200000.(Cash is received on different dates. For one date cash received is less than 20000.)

SIR

I DEPOSITED TDS ON SALARY ON THE BASIS OF 1000000 LAC MONTHLY , LATER ON WE DECIDED TO REVISED SALARY SINCE NOV 2016, FROM 1 LAKH TO 1.5 LAKH , NOW I AM TODAY PAYING DIFFERENCE AMOUNT OF TDS WHICH IS RS 23470 , FOR THE MONTH OF NOV 2016, PLEASE LET ME KNOW HOW TO CALCULATE INTEREST ON LATE PAYMENT TILL DATE.

Hello everyone,

I had filed a income tax return of a salaried person in the month of Feb 17 for the AY 2016-2017. The total income TAX liability was Rs.130000(including cess). Full TDS was deducted by the co.(PSU) timely basis and hence no tax was payable

However last week the taxpayer received a notice u/s 143(1)(a) demanding Rs.380 interest u/s 234A.

I wanted to know if the claim is valid considering the fact that there was no tax obligation on the part of tax payer and what do i need to do now.

Also one more tax payer has received a demand of Rs. 3/- only. What do i need to do considering the fact of round off?
Thnx in advance

After death of father and mother One of my Minor client gets her family pension from sub treasury office in this year (2016-17) near Rs. 650000 from 2014-15,2015-16 and 2016-17. They have deducted tax from her pension near 45000

In each year income are below Rs.250000 means nil tax

But when i see the Form26 AS, i could see that tax has been deducted under Section192 as TDS from Salary or pension. I informed this to treasury office, but they said if they deduct tax then they always show it under section 192 regardless of salary/pension/family pension.

As per my understanding family pension is considered as income from other sources and not under salary or pension. Now while filing return how shall i show the pension amount, income from salary/pension or income from other sources?

Now she want to claim refund. now how can she claim refund of Rs 45000. In form 10E there not specified about family pension

When i filled the efile online form, i specified family pension under 'Income from other sources'. But its giving me a warning "The amount of salary disclosed in "Income details/Part BT1" is less than 90% of Salary reported in TDS1.

Hi,


If we hire the massage chairs for 2 days - INR 30,000/-, do we need to deduct TDS.
If yes, under which Head we have to consider (Contract / Rent) and what is the percentage to be deducted.


Thank you.