What is the difference between Overseas financial organisation mentioned in section 115AB and Foreign institutional investor as mentioned in section 115AD? Please give an example of each.

IN WHICH ITR I AM FILE IN SALARY + COMMISSION INCOME

TDS IS DEDUCTED IN COMMISSION INCOME ,

COMMISSION ONLY RS.31000/=

Dear expert,
LDC = Lower Deduction Certificate
LDC limit RS. 26,12,90,000/-
LDC Period : 30/4/2015 to 31/03/2016
LDC printed date : 25/10/2015
LDC received date : 01/11/2015

Period TDS Rate Expense booked Payment made
01/04/2015 to 31/10/2015 2% 192701217 155719862
01/11/2015 to 31/12/2015 0.87% 76903268 60688196
01/01/2016 to till date 0.87% 12686235 26623600
Total 282290720 243031658
Limit 261290000

Now my question is we have considered lower deduction on Apex. 9 crore and limit is Rs. 26.12 crore but if we consider period from 01/04/15 limit exceeds Rs. 26.12 crore, so should I start deducting tds @ 2%??? If yes from which month January or February??

Please reply it is urgent…

Thanks in advance

sir,
Am an Individual filing the income tax returns from AY-11-12, am doing online trading, purchase and sale of shares for the AY-13-14 my total purchase of listed shares is Rs.5,96,48,819.31 and my total sales is Rs. 5,94,54,807.73, for which i have got loss of Rs. 1,96,454.38, now i have got a notice from IT Dep that Pleas file the income tax returns for AY-13-14, by giving the transaction details in Share Market


pleas suggest me that under which head should the above has to be shone, whether it is treated as income under the head PGBP or short term Capital Gains


whether the above is treated as business?
whether it is liable to Tax Audit?



pleas give the valuable suggestions

thanking you .............

An employee is allotted salary of Rs: 50000 p.m. in Basic, HRA, Education allowance, Hostel Allowance, Personal Development allowance. my question is upto what % can i distribute amount amongst them as per rule?

thanks......

if one firm "x " give assets and stock to "xy " (other relative partnership firm) at the time of dissolution of firm X
Is it possible ,if yes
then what will be tax liability on both firm

RESPECTED SIRS,
AN ASSESSEE IS INSURANCE AGENT. A. Y. 2015-16 ITR IS FILED WITH WRONG TDS FIGURES NOT RECENTLY CHECKING 26 AS TDS AMOUNT AND PAYMENT AMT ARE DIFFERENT. CPC HAS NOT PROCEED RETURN, AND JUST GOT RECEIPT OF ITR SEND.
SHOULD I FILE REVISED RETURN OF CPC WILL AUTOMATICALLY ADJUST TDS AMOUNTS.
PLEASE GUIDE URGENTLY.

dear sir, i have filed my client return on which tds has been deducted and which amounted to refund for ass/yr 2015/16 but i have failed to send the itr v to cpc bengaluru within 120 days so what to do to claim refund please let me know thanks

maine return file ki thi usme income thi pension, interest aur business profit se. unhone housing loan liya tha toh uske interest ki deduction bhi claim ki thi....ab intimation me deduction for interest on housing loan disallow krke demand nikal di hai department ne....ab kya karna chahiye?

As per company policy, an employee is allowed to claim one month basic salary as LTA. Now, if an employee does not claim LTA for 2014-15 and 2015-16. Employee performs travel in June 2016, claims LTA for FY 2014-15 and 2015-16. What is the amount of limit to be considered while calculating LTA exemption under Income tax Act. (i.e. whether only FY 2015-16 to be considered or total amount claimed by employee for FY 2014-15 and FY 2015-16 to be considered.