My client received notice from ITD for non filling of return of FY12-13 & 13-14. no section is on notice. Under "Submit Compliance Form" I have to submit the details. No taxable income that's why I filled income exempt from tax. but It also ask one more information under the same option as below:
S.No- FY- Information Code- Information description-
1- 12-13- CIB-403- Time Deposit exceeding Rs. 2,00,000/- with a Banking Company-
2- 12-13- CIB-410- Deposit In Cash aggregating Rs. 2,00,000/- or more, with a banking company-

I can't understand above two option. kindly help me out as my client said there was no any taxable income during FY 12-13, then why ITD asks for above details.

Hi Everyone,
Pls help:

My company has signed consultancy agreement, another one for technical services. My question is whether payment made under such agreement will be covered under 194J @ 10% TDS or under 194C @2% TDS.
Though it is a contract, so it should be covered under 194C, but nature of service is technical and professional service, so it should be covered under 194J.
I am bit confused.
Kindly help.
What if i deduct TDS @ 10% on safer side u/s 194J?

Can anyone please tell that if the income received outside India by the resident (ROR) would be taxable or not. If the same is taxable, please mention under which section it would be taxable as section 5(1) does not specify about it.

WHAT IS A FORM 26K IN TDS? WHY AND FOR WHAT IT IS REQUIRED?

REPLY PLEASE

Does declaration under rule 37c for purchasing goods without TCS, require to be furnishing every time while purchase or once in a year ?

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.

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?