Any things purchased for eg. Vehicle, Electronic gadgets etc on EMI basis for residential as well as office use is any deduction allowable for that acc. to IT act ???

Dear friends,

One of my friends is in USA and his wife is in India.His wife is expecting some money from his husband so that she can take a piece of land and construct a house in Hyderabad.But she wants to keep the property on her name and she is ready to pay back in the future (interest & Principal amount) to her husband.Now what sort of loan contract should be created between wife and husband and the loan contract should be trouble free even in case there is any problem in the future like divorce/separation etc.

Hi,
I am salaried person & taking benefit HRA & other under section 10 of income tax.
My question is that can I file ITR 1 as I heard that if EEE income is more than Rs.5000 you cant
file 1.
If I cant file ITR 1 can I file ITR 4s as my income is from salary.

Dear Experts,

Do We need declaration from Transporter for non deducting TDS U/s 194 c 6 in every financial year or one is enough for the all financial years

Rgds
SYAM KUMAR S

An assessee filed his ROI for the AY 2014-15 before due date claiming deduction u/s 80G for donation paid to a trust. Now on 04/04/2016 he has come to know that trust to which donation was paid is not eligible institution. Thus deduction claimed u/s 80G is not right. now what is the remedy available to the assessee? Time limit for revision has elapsed. can he rectify u/s 154?

shall we NOW file a IT return for AY 2016-17.

Does income tax filing is compulsory for a person whose income from salary amounts to 240000/-and fixed deposit made of Rs 200000/- ?

In the FY, I have bought shares for Rs1.5Cr and sold for Rs1.4Cr. Do I need to get my accounts audited? I am not salaried and my only other income is from interest from Bank FDs.

I havel filed my retun on A.Y 2015-16 dt.31/03/2016 but I have to pay certain tax amount can pay the tax amount f�r after the filing date. For E payment mode.

I've received letter from IT depart. today for filing return for AY 2014-15. Can I file the same in month of April 2016 as it won't be possible today??? any remedy available to me??