I had filled an Income Tax Return of A.y 2007-08 offline in which year i had sold my property.But not capital gain arised as the same was sold in loss.But my another CA filled the same Return of A.Y 2007-08 online(e-filling) and i wasnt knowing about that and he showed false capital gain on sale of property and Showed a tax liabilty of Rs. 150000/- to be payable.And because of that i got intimation u/s 143(1) to pay the taxable amount.So what needs to be done.Because after applying indexation cost and everything i am not liable to pay income tax because of less Sale proceeds.
Answer nowMy mother has saved almost 50,000 over last 10 years by saving it from domestic expenses and she does not have bank account , besides for medical emmergency 7000 cash is available... will i be able to deposit it in my account ..whereas i am on the edge of tax bracket of 10 %. would it be any possibility , where i need to pay tax or i may receive income tax notice ..if i deposit this cash before 30th dec 2016.. pls.. assist asap
Answer nowPlease can anyone tell me what is the procedure for applying duplicate PAN I had lost it. Need it urgently. Thanks in advance
Answer nowHow can I get refund of TDS deducted for professional services during may 2014 to Oct 2015... please explain the procedure for claiming refund.. Thanks
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Being a dual.citizen of India and nepal now Iam.serving in abroad via Nepalese passport and whatever my income I remit to my Indian bank account as my family over there,,. So queries is is it taxable income in india as Iam not nri or better called nrn, should I file itr, guide to do so
Answer nowcan anyone tell about the applicability of capital gains to NRI
Answer nowmy sister has holding accounts with her existing name and maiden name also. it ia legal. she has not close her old bank account holding witth maiden name and shi married and holding new name account in other bank please tell it will create any problem
Answer nowsir, I have deposited cash in my wife saving account of more than 10lakhs but this is before nov. I have shown a business of saree sale in hef it return, how much income should i show in 15-16 return. Is it compulsory that she will receive notice of cash deposit more than 10lakhs. plz advise
Answer nowcash at bank rs. 100000 as on 8 nov 16 and we deposit total rs 240000 in 4 time .in a bank account and my question is that it's possible. and what is the taxable income ...
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an assessee who inherited a land before 1/4/81 and it was compulsorily acquired by state govt for consruction of bus stand in 1987 for which compensation was received by the assessee in in 1987 and filed return. Upon appeal to high court he got enhanced compensation in financial year 2015-16. I want to know date of transfer for additional compensation& Litigation expenses where to enter in itr 4 ( Assessee also have business income)
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E-filling of income tax return