Pl clarify whether Tax is required to be deducted if professional charges for 2 different bills is exceeding Rs.30000/- when the bills are inclusive of service tax and if the service tax is excluded the amount is not exceeding Rs.30000/-.

Can anyone provide case law (Preferably Karnataka high court) for deduction u/s 54 for renovation of new house purchased.

Brief background:- Assessee has purchased a new house, then carried out certain renovation and altered the building by making changes and building additional walls etc. After that he started staying there.

dear Sir I work in a bank and I earn interest income more than 10000 as we don't deduct any tax for customers if they provide 15g/h but in my case my income exceeds 250000 and my confusion is that how much income should I consider 25000 plus interest income or 250000+ interest income - 10000(exempted)

Dear Experts,

One of our client got a notice for non filing of Income Tax Return for FY 2012-13, we filed the return u/s 142 (1). Now CPC has transferred the case to the jurdicitional assessing officer. Should be wait for ITO to send the refund or approach directly?

Thanking You

Please clarify that:

1. If any employee has been contributed Rs.180000/- (10% of Salary) in NPS, can he takes tax benefit of Rs.150000/- in U/S 80CCD (1) and balance Rs.30000/- in U/S 80CCB (1B) of Income Tax Act, 1981.

2. If any employee has been contributed Rs.180000/- (10% of Salary) in NPS and Rs.32000/- in PPF or LIC, can he takes tax benefit of Rs.32000/- in U/S 80C, Rs.118000/- in U/S 80CCD (1) and Rs.50000/- in U/S 80CCB (1B) of Income Tax Act, 1981.

3. If any employee has been contributed Rs.32000/- (10% of Salary) in NPS and Rs.156000/- in PPF or LIC, can he takes tax benefit of Rs.150000/- in U/S 80C and Rs.32000/- in U/S 80CCB (1B) of Income Tax Act, 1981.

If CIT (A) has passed a order allowing a expenditure but dept. file further appeal to ITAT. so until the appeal is pending in ITAT which judgement shall prevail.

one of my frnd closed his business in december 2015. he has some tds refund for the AY 2016-17 He wants to file a income tax return for AY 16-17 now itself... can he file a income tax return before the financial year is complete.. advise me urgent.

If a individual person doing job in a company as an employee, and he get salary in a form of professional fee and company deduct tax in sec 194j, then how the taxation is done? and which form is applicable for ITR?

one of my frnd running a business his total T/O in FY 2013-14 is above 1crore and he got audited and filed a I.TAX return. in that year his tds was 95000/- and he claimed a refund for 4000/-and 4000/- refunded to him. but now he found some mistakes in his P/L account.. he is saying that his profit was shown very high now he want to reduce his profit and claim more amount from his tds... can he do this.. if yes than how?

Dear Experts,

What is the formula for arriving basic rate of DDT 17.647%? When the Act says DDT is (15% basic rate+ 12%surcharge+3%cess). Also effective rate is 20.358%. How the grossing up is also done?

Iam confused!!! I would be grateful if some body can clarify this.

Regards,
Arjun Rajagopal