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Prarthna
04 August 2016 at 23:22

Interest on income tax

My friend has specified home loan in declaration but at time of submissions of actual he specified that he has not taken up home loan so TDS was deducted ,but while filing return interest is being levied under 234B. Can he claim it back n if he has to pay this interest how to pay it, is it possible online

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A.N.Jaganathan

My client wish to enter as a commission broker for sale of their product with a Private limited company. He wish to enter an agreement with that company. Is there any mandatory requirement to enter such agreement in the stamp paper or just in their company's letter head? and what are other mandatory requirements to enter as such sales agent?

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anil
04 August 2016 at 20:09

Deduction us 80C

Dear experts assessee has filed return of income of last year within due date & return is also processed..in this year he came to know that he has not claimed deduction us 80C of Rs 24000..due to this his tax liability has increased..what can assessee do in this case to claim deductions so that he can get the refund amount..pls suggest as return is already being processed.

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monika
04 August 2016 at 17:12

Profit lower than 8% of turn over

IF ANY ONE HAVE BUSINESS TURN OVER OF RS. 9000000 (90 LAKH) BUT HE HAVE NET PROFIT ONLY RS. 180000 (2%OF TURN OVER)
SO QUESTION ARISE
. IS AUDIT COMPULSORY ?
. CAN HE FILE ITR 4 ?

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sandeep
03 August 2016 at 18:11

Arrear of salary

A PERSON RECEIVED A SALARY ARREAR FOR FY 2014-15 IN FY 2015-16 FOR RS. 55000/-. NOW THAT ARREAR ADDED IN HIS FY 2015-16 SALARY INCOME. HE DID NOT FILE RETURN FOR FY 2014-15.

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Kavitha Pala
03 August 2016 at 13:15

Form 10 e

Hello Friends Can anyone please tell me whether Form 10E can be revised before submission of original Return and if yes then please tell me the process

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NIDHI KARIA
03 August 2016 at 10:40

Depreciation

Depreciation on Printer is Charged @15% instead of 60% in a Pvt Ltd Co since 5 Years. What would be the consequence if I want to change it now from the Current FY? Please guide.

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Anonymous
03 August 2016 at 08:11

Applicability of tax audit u/s 44 ab

For the Financial year 2015-16, a technical consultant received fee from various parties Rs.23.00 lakhs on which TDS is also deducted. He also received service tax of Rs.2.25 lakhs. If the service tax receipt is also taken into account his Gross receipts will be Rs.25.50 lakhs. Is service tax can be separately accounted for to have the limits of Gross receipts below Rs.25.00 lakhs and thereby avoid Tax audit provisions?.

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Saurabh Jewrajka

Dear Sir/Madam, What amount shall be invested u/s 54F for LTCG exemption in the following case- a) where Sale proceed received is less than the Stamp/Market Value. Say, Sale proceed recd is Rs 25, Market Value is Rs 40 and Indexec COA is Rs 4. What amount shall be invested u/s 54F to claim full LTCG exemption. Please help me with this query and oblige. Thanks in advance. Regards, CA. Saurabh Jewrajka

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CA AJAY KUMAR AGRAWAL
02 August 2016 at 10:34

Income from house

As per agreement monthly house rent is Rs 10000/- & paid directly to land lord. In addition Rs 2000/- Per month is paid by tenant to manager of society towards maintenance. Rent agreement has mention of these both amount. What amount is to be shown by land lord towards Income from House Property?

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