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Nitesh Parmar
08 July 2016 at 19:39

Relief u/s 89

at the time of calculation of relief in form 10 E is deduction u/s 80c to be considered in previous year or take gross salary?

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CA. Neelan Vinil
07 July 2016 at 16:38

TDS on cargo charges

hi... can anyone pls tell me whether tds applicable on all cargo charges or on cargo charges where ST has been charged? if so why? thank you

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Anand
07 July 2016 at 13:43

Tds for transporters- goods carriers

We engage independent, self employed vehicles to transport our goods on contract. they have less than two vehicles. so we do not deduct tds and till 2009 we had obtained 15J and filed the same. they all have pan nos and we pay through cheque.

for the financial year 2011-2012, on taking the case for scrutiny the assessing officer has added the entire amount to our income citing that we have not intimated the details in TDS return- 26q.

now we have appealed submitting all the details with pan no and stated that it is a technical error and everybody were in possession of Pan no during that financial year and even before.

is there any case law or provision to support this?

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Rohit Dandona

Assessee has filed return for AY 2016-17 in ITR-4 but received a notice under section 139(9) of defective return with error code 31 saying you have income under pgbp but have not filled Balance sheet and P&L
Where as assessee has filled P&L duly but did not fill Balance Sheet as he is having only personal assets and is not claiming any depreciation. My question is how to fill assets and liabilities as assessee is proprietor having personal assets and liabilities and not any business asset?
Also all previous returns were filed in no accounts case.

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RAHUL MITTAL
06 July 2016 at 22:10

filing return first time

Sir i dont have any substantial income...but i want to file a return for previous year and current year i need your suggestions..on what to show in my capital ac.

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sejal parmar
06 July 2016 at 18:31

TDS

my query is that tds deducted by company on contractor in financial year 2008-09 can claim in financial year 2015-16?? kindly resolve the same

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arpit surana
06 July 2016 at 14:50

filling 4 years return

a lady is 65 year old and she is living with his sister which is also old. she has not filed his last 4 years return . his income is above 8 lakh in this year she has pension & interest income . can she fill form 1 for undisclosed income

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Abhay Karandikar
06 July 2016 at 12:04

Income from house property

Hello, my question is regarding Income from House property.
Suppose i stay in Thane, where i have 2 properties say A & B. Property A is self occupied & B is deemed to be let out property. I have loans on both houses (A&B). For Tax purposes it is more beneficial for me to show as Property A Deemed to be let out and Property B being Self occupied. Can i show it such a way to get tax benefits?

Current Status: Both Properties in Thane
Property A: Self occupied
Property B ; Deemed to be let out

For Income tax purpose: More beneficial
Property A: Deemed to be let out
Property B: Self Occupied

Can i adopt the second method which would be more beneficial to me???

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dhairya
06 July 2016 at 11:01

Capital gains

Sir if I have short term capital gains by sale of shares as my income and I dont have any other income,then how will it be charged to tax? My 250000 limit cab be used to set off tha gain?? or how will that income be taxed taking into consideration basic exmp limit & rebate??? If I have adv tax n tds then what? please reply itz urgent. Thank you

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Boopathiraja
05 July 2016 at 15:17

Defective return 139(9)

mr. x has received notice u/s sec 139(9) for ay 2015-16. filed in form ITR - 4S
1.Mr.X had shown Textile Trading under 44AD - 31,50,000.00 *8%under special business
2. Other source - interest income from money lending-216000/-

now Mr X recd notice,should not file in form ITR 4S. & FILE RELEVANT FORM.

ALSO X SHOWN NATURE OF BUSINESS IN ITR
1.TRADING
2.MONEY LENDING

KINDLY SUGGEST ME.HOW TO REACT FOR REPLY.

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