Hi,

My return has been transferred to my AO from CPC in august 2015, This is for AY2015-16. I am not in India and contacted my AO through grievance system. After 4 months, on December end my AO is saying that they do not have my return with them.So, I am not sure where is my return now as CPC is saying it is transferred to my AO.

Please suggest what shall I do in this case? Please note that I am not in India as of now.

Dear,,,,

Please advise me, How the LTA facility provided by employer to its employee, is there any specific condition for giving such facility to its employee,

It is granted on monthly as a part of employees earning or it will granted on yearly basis, what will be maximum amount provided to claim LTA

kindly advise me on upon above quarry

Hi All
I have received a Certificate u/s 197(1)/195 of the co. act 1961, i have read the artical but not getting anything. what should i being a deductor do after receiving it.
kindly reply........

thnx

Dear Friends / Experts,

Company has paid Advance for ‘Consultancy Service’ to it’s Associate Company and accordingly, deducted TDS and filed Form 26Q for Q1 - FY 2015-16. Thus, Company has issued Form 16A also to it’s Associate Company.

Due to various reasons, the proposed Service was never initiated and later, it was dropped.

Query

Can someone please advise whether the Deductor may ‘nullify the Deductee Record’ and claim FULL TDS Refund? IF so, how is it possible.

Your reply, please..............

Thanks in advance for possible replies from all concerned.

One of my client running a Partnership Firm. The firm has correctly filed its Return of Income upto A.Y.2014-15. Husband and wife were partners in this firm. They have two sons both are minors. In an accident in May 2015, both the partners and one minor son were died. For the financial year 2014-15 respective A.Y.2015-16, the turnover is above 3 crores. Now how the Income tax return for the A.Y.2015-16 should be filed as its a TAX AUDIT CASE and also VAT Form WW Return for the financial year 2014-15 as the Turnover exceed 1 crore..

IF A FIRM GIVES LOAN & ADVANCES TO ITS PARTNERS OR SISTER CONCERNS,FROM BORROWED CAPITAL CAN THE FIRM CLAIM ITS INTEREST AS EXPENCE UNDER SECTION 14A OF I.T.ACT

My firm is proprietor & working as civil engineers & contractors. most probably i am doing all types of civil construction works. i got a job for construction of building in the accounting year 01.04.11 to 31.03.2015 and completed the same in f.y. 14-15 till date my pending amt. due from debtor of rs. 3,07,95,299 from total work rs. 56989103 during the year last payment rs. 500000 on 12.08.2013 then after employer could not pay any more i also submit litigation in court for same amt.rs. 30795299/- now current financial year 01.04.2015 to 31.03.2016 my net profit should approximate 6000000/ 7% of total turn over , my due amt of the same employer of rs. 30795299/- should i booked lose for the current .f.y year and balance of loss carry forwards for the next f.y.
please advise me for the above reason

There is a govt. employee who has not claim deduction of 80ccd for retirement benefit plan contribution for past few years. then now can he take deduction for those years in recent years

I have taken possession of a flat in Mumbai after redevelopment in May 2014. This flat was in my mothers name originally and through WILL, I received possession.
My questions are
a) What will be acquisition price ?
b) When can I sell to claim long term capital gain.
c) Will this flat considered as second flat for IT purpose ?

Pl help
Harshad Khona

In case of conversion from Private Ltd. Co. to Limited Liability Partnership during the year, what is the treatment of depreciation in case of both assessees aforementioned?