An Individual has taken loan from his employer for purchase of house. But the employer is a Proprietorship or Partnership firm. Can deduction for repayment of loan be availed under section 80C.

The major part of the salary income is gone in repayment of the housing loan taken from employer. how can the individual benefit from this...?

Pls help to compute the taxable income

hello friends m new to this forum
i have a jewellery business since 10 years.
this FY 2016-17 year my turover will b crossing 1 crore.

1. do i have to take a TDS number is TDS aplicable i dont have a TDS number
2. is audit required as i have heard that audit limit has been raise to 2 crore.

Recently Supreme court has dismissed the SLP filed By Income Tax Dept. against the High Court Judgement in case of Vector Shipping Services Pvt. Ltd. .My query is that whether the Assessee is liable to deduct TDS only on the sums which are payable on the balance sheet date. The sums paid without deducting TDs during the year will be allowed as business expenSe?

Dear Experts,
I had paid Rs. 26000 school fees
for my child as on 26/8/2016 however
This fees was paid in Advance. I mean
Fees for the session 2016-17.
Pls tell me can i claim 80C deduction
of tuition fees Rs. 26000 in AY 2016-17

Thanks in Regards
Anmol Jain

Is employers contribution made to NPS is considered as income? Should I have to add employers contribution to income? Can I deduct it u/s 80ccd(2)? Can you explain with an example? Is there any circular regarding this. Thanks

Sir/Mam,

Itr for AY 2014-15 has been declared invalid as per order u/s 139(9) .

Now, time limit for filing ITR is also expired .
What should I do now? what should be the response ?

Please reply.

payment in respect of life insurence is exampted are not. a person received a sum of RS. 127200 in f/y 15/16. can I claim exemption for the whole amount which mention above. please help me with example

a person receives insurance commission. as per form 16A total amount less than 250000. whether he has to file ITR. for A.Y. 2016-17. if yes how

The assessee being a private limited company incorporated in India had rendered service to a company abroad which has deducted TDS while remittance of payment for services received. How can the Indian Company claim the TDS while filing return??

Why fill itr V?