i am already having a residential house.
i have already gone for purchase of new house in construction where the agreement is registered 2 years back and i am paying the instalments of the cost slab wise. i will be getting the possession of this house in around 1/2 years.
now the issue is i am selling a industrial gala which i had taken for investment and i am having a cap. gain of around 30 lacs after indexation. can i claim a benefit u/s 54F for instalment of new flat paid slab wise. every year i am paying around 50 lacs.
I am a bit confute, actually I have to file a return of FY 14-15, where my client has a home loan premium of Rs 30000/- during FY 14-15, I want to know can i take amount of premium as exemption or not or interest on home loan is exempted?
Plz put your comment......
Dear Experts,
There are numerous cases coming for demand outstanding for Salaried Employees in the assesses account due to wrong pan mentioned by employer while filling their TDS return.
Now the problem is that the Employer are not ready to revise Tds return or making excuse for the same.
On the other hand department is not convinced on Form 16 only. They sent this for verification with employer, even after verification they are making escuse agin .
What remedies are available to assessee or professionals in these cases.
What should be the approach to resolve these issues.
the TDS deducted in the year 12-13 and the person not cum in slab rate he work in PVT Co. can he claim refund from income tax plz reply.
Answer now
We are selling home and my mom is joint holder
She has not made any contribution in the purchase of home. All payments are made by me.
Now buyer of property wants to deduct TDS 194(1A) in equal ratio.
1) Please advice is it ok for buyer deduct TDS in my name only.
2) Will registrar or ITO have any objection if 100% TDS is deducted in my name?
A partnership firm declared their income u/s 44AD and filed ITR 5 after entering the income details in Schedule BP of ITR 5 leaving Part A BS and PL blank. Now CPC ordered the return as defective due to blank BS and PL. If the assessee fill the P&L, instead of 44AD, then it is liable to pay interest u/s 234B and C. So how to sort out this issue..pls help expert..thanks..
Answer now
Dear Learned Members, request you to please advise on the below question of mine: I did an RD with SBI and there is a monthly deduction of certain amount from my SB account towards the RD, they have not yet paid the interest as the maturity is in June 2016, but they have deduct the TDS for the year 2015-16. I wanted to know whether the interest not yet earned/credited to my account is eligible for TDS...Pls advise ASAP - Thanks
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is tds should be deducted on service tax if such service tax becomes part of my cost. i am trading in garment export company.
Answer nowBalance sheet required to salaried person.
Answer nowDear Friends / Experts,
Please guide me on the following, IF POSSIBLE:
Query
I need to know the eligible ceiling amount under Section 80D for AY 2015-16 (FY 2014-15) for ‘Individual, Spouse & Children’.
Your reply, please..............
Thanks in advance for possible replies from all concerned.
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