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.

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