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?.

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

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?

Hello,
I m stuck in a case. Need ur help.
A House property purchased. Payment made by husband but property is in name of his wife who is housewife. They are having 2 house properties from which they r getting rent income including the above mentioned house and they live in another house property by paying rent. Pls let me know the tax implications for filing ITR. Whether clubbing provision will apply in hands of husband? Thanx in advance

Dear CCI experts,

Greeting to you.

Can anybody help me regarding this issue.

Consideration on transfer of capital asset has been deposited in an Account under a scheme since three years.

Now I want to withdrew the amount from the account. Is the amount taxable under income tax or exempt under tax.

Pl clarify me regarding this query

Thanking in advance.

Where to show compensation for acquisition of rural agricultural land by government of India , while filing income tax return in form 4 . plz help experts.

is interest earned on post office recurring deposits subject to taxable?

dear sir for contractor of transportation of goods by road which itr form need to fill for f.y.15-16 it receipt is more ten ten lac or less than 10 lac and profit is 10% and which section is applicable for maintain books of accounts in this case 44aa 44ab etc. thanks in advance to all

DEAR SIR,

DUE TO 9 LACKS INCOME IN MY SAVING BANK ACCOUNT I HAVE RS 35380 INTEREST INCOME. DUE TO WHICH I AM GETTING TAX LIABILITY OF 3000 APPROX...

IF I DOESNT FILE RS 10000 INTEREST INCOME WHILE PREPARING RETURN FOR AY- 16-17, THEN I CAN AVOIDE TAX OF THIS RS 3000..


I KNOW THAT IS NOT A RIGHT WAY TO DO THAT TO AVOIDE TAX. BUT ACCORDING TO YOUR PAST EXPERIENCE DO INCOMTAX DEPARTMENT GO THAT DEEP TO FIND OUT MY EXACT INTEREST INCOME...I WANT TO BYEPASS THAT YEAR WHITOUT PAYING TAX...
THANX.

Sir,

please please clarify one thing that salary person has home loan for which principal amount is paid Rs 400000 and interest is paid nearly about Rs 2lak ,so whether the person get deduction u/s 80c for this principal and interest or not.

please make my confusion clear.