we can online correct the late payment interest & 234 e default without digital signature ... my query is can we correct the default of short deduction through online correction or we hv to do by downloadng conso file n submitting to nsdl agency??

Dear Sir,

Please clarify me whether assessee can claim deduction of housing loan during under construction period.

And what if, if assessee has bought a plot of land for construction of building.
Whether cost of stamp duty, registeration exp. for transfer of land to aseesee be available for deduction in the year of purchase.

According to my opinion, yes we can claim in both the instances deduction under section 80C, since nothing as such mentioned in this section which prevent us from availing deduction.

Please let me know what u thought about my query?

A firm opted exemption under sec 44AD has to pay advance tax on or before 15th march for the financial year 2016-17.If the Tax liability is less than Rs.10000 when is the last date for payment of Income tax?

Dear Experts.,

Any restriction Cash withdrawal from Salary Account under Demonitization.
Bcoz, One of my Client's staff says to me, "Salary Account withdrawal limit Rs. 10,000/month. Is this correct Information...?

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.