Dear Experts, can anyone of you please let me know whether TCS 1% on cash payments exceeding Rs. 2 lacs is transaction wise or per annum? my 2nd query is it suggestable to raise 2 seperate invoices to avoid the above levy? pls respond. it's urgent. pls share if any circular/notification available. .. Thank you...

hello, my friend is working in MNC, he switched his job during the last 6 months of financial year 2014-15..so the later company has paid salary of Rs.4 lacs for last 6 month approx and has not deducted tds ...and he also did not his income tax return of PY 2014-15... if he file return now...and any penalty will be arise...??? and also interest of which period should be charge..?? please suggest....

To,
Dear Sir,

My query is in past i had filed income tax return i.e.2010-11,2011-12 after that due my financial condition/bad time i had fail to file the return at represent i my in position file return.Can i file the return from 2012-13.pls expert guide my from which should i fill the return.

My friend,s dad was working in IOCL and suddenly he passed away.
Now his family is getting some huge amount under different heads i.e, Tatkal Sahayata Yojana, Gratuity, EL Encashment, SL Encashment, Commuted Pension.
Some of this amount was credited to his wife account and some amount to his son who is a major and some amount to his minor Child.
Now how to account all these income i.e, under whose name we have to file the return, one more thing is the amount they hot had beem converted by them into fd (some amount on his wife and some on the two children) and how to claim tds credited to my friend's dad account.
Kindly help me in this issue

sIR,
ONE PARTY HAVING 2 PAN AND BOTH PAN DEDUCTED TDS
now one pan surrender by party. but surrender pan tds no shown on activate pan no .company ignore to revised tds return.
plse tell me process for tds claiming for A.Y 2015-2016 & 2016-2017

i am an individual assessee i have received some amount as compensation from my landlord for vacating the house property. And i have used this long term capital gain in purchase of NHAI bond partly and the rest part is left unused.How to deal with the unused LTCG part left. How to do tax treatment for it?

Read more at: https://www.caclubindia.com/forum/long-term-capital-gain-and-sec-54ec-exemption-related-issue--363924.asp

DEAR SIR,

KINDLY PLEASE HELP REGARDING USE OF ITR FORM BY AN GRATUITY TRUST U/S 10 (25) OF INCOME TAX ACT, 1961 ITR 5 OR 7.

FURTHER ALSO CLARIFY THAT IS ALL INCOME FROM LIC FUND IS EXEMPT OR NOT AND IF EXEMPT, THAN WHAT AMOUNT TO BE SHOWN IN ITR NET OF FUND MAINTENANCE CHARGES OR GROSS INCOME?

i am doctor running hospital my mother is very senior citizen age 81 years i spend Rs 25000/- on my mother`s treatment in cash can i claim 80d deduction on that amount please give expert opinion

we file tds return for 3rd qtr of fy 15 16 now we wants to revise the return bcoz on one transaction we forgot to deduct tds & now we paid that tds in conso file we give all details about new chaln but it shows errors as addition of challan C9 correction is not allowed for deductors other than govt. wat is d solution ??

Dear Sir,
An Assesse has two house property (two residential flats) and both are in the name of assesse and both are self occupied. In one of the flat assesse and his family stays and the other flat remains vacant throughout the year (it is not let out at any part of the year). My query is whether the Assesse has to show Notional Rent for this property which remains vacant throughout the year as if the flat is deemed to be let out. Please suggest what should be done in this case.

Your valuable reply would help him to determine the tax calculation for the current year.

Thanks,
Abhishek Roy Choudhury.