is it necessary for a company to file income tax return if it has not started manufacturing and has incurred preliminary expense only?
if yes, do we need to file form 29B also

Dear experts,
the company has given the incentive to service provider, plz let me know weather TDS will attract or not if yes how much and which section it will cover.......

regard
Anita Agarwal

spa services (massage etc) is done is a service or business?

Dear Sir / Madam,

I wish to know how to compute income in case of a person owning 3 passenger vehicles which he uses to transport people from one point to their offices or sometimes for tour purpose.

1) Whether his business treated as a contractor, eligible for TDS u/s 94C?

2) Whether his income is calculated on presumptive basis? if yes which section 44AD or 44AE?

3) If presumptive taxation is not applicable then?

4) Can he claim depreciation on his vehicles? Whether rate of depreciation is different for passenger vehicles?

Kindly revert.
Thanks & Regards,
Suraj

Sir,my son acquired NRI status after residing continuously for more than six months in Canada after going there on work permit.He opened his NRE account in India and is remitting surplus funds into his NRE account from his salary sfter deduction of taxes as per their norms.But after getting NRI status,immediately he could not get his existing Indian accounts (FD and SB accounts) converted into NRO accounts which are running as of Indian resident only.He is not having any income in India other than interest on FD etc.which is much below the annual taxable income for AY 2015-16 but as the interest amount exceeded Rs.10000.00,the bank deducted TDS on interest .
1. Can he file his ITR in India as Indian Resident to claim refund of the TDS deducted by the bank on his FDs ?
2. If yes,what residency status he should write in his ITR as Indian Resident or Non-Resident ?
3. Also on e-filing the return,in the Computation of Income sheet generated,one declaration is there that It is further certified that I have no Foreign income and Foreign assets while actually as my son is working there,he is getting income also.
4. Also whether he should mention all his operative/running accounts including NRE accounts also along with Resident Indian accounts in the ITR to be filed ?
5. Please clarify if any other precautions are needed while filing ITR ii India to claim for refund.
6. Which Form he should use for filing of his ITR in India and how he should disclose all the particulars discussed above ? What will be his residential status Resident or Non-resident in ITR while filing his return in India ?
7. In his ITR to be filed should he disclose all his operative accounts including NRE account as mentioned above.
Please clarify the position by substantiating Income Tax Sections,if possible.
Thanks in anticipation.
Hardev Singh Batra

I am a resident Indian & I want to sold one property which is in the name of me & my two NRI Uncles. Purchaser told me that he deduct 20 % TDS on transaction because my Uncles are NRI. The property belongs to us for more than 1 year.

My Question is
1) If we reinvest the capital gain amount in other asset then it wiil be Exempted from tax or not?
2) Can this TDS Amount will be refunded to us?

Dear Sir

Is any rule regarding 32AC that need to file any form or Get any certificate that we have invested in Plant & Machinery for more than 100cr to claim a deduction of 15%.

Dear sir,plz suggest me the calculation of tax provision applicable on trust not registered u/s 12 having only income from interest amounting to 9 lacs had not contributed for any charitable purpose during the year.

One assessee as huf filing return for 4 years and tds deducted in capacity of huf but now he said he covers in the status of proprietor and want to claim tds of earlier 4 years in capacity of proprietor. Is it possible?

My parents have house property as 50% owner each. Their is loan for which interest is being paid . We are claiming the interest equally for both my parents IT return. My mother's income does not cross the limit of Rs.250000. Can we claim maximum interest in my father's IT return. Please advice.