I have taken over as a Treasurer of an Association of Flat Owners in Bangalore, Karnataka. The Association is registered under the Karnataka Societies Registration Act. It has a Pan Card and has been filing IT returns. It places its surplus funds in Fixed Deposits with Banks and earns interest. It has been taxed on the interest income sometimes at Rates applicable to AOP and recently at MMR as BOP. My view is that the Association being non-profit purely for the purpose of maintenance of the facilities for the benefit of the members of the association the income earned by it by way of interest on fixed deposits is not chargeable to income tax. Please let me have your view.

My company is paying $52 per month for an online application does it require to give 15CA and 15CB for every payment made???

What if my total payment during the year to various supplier excess Rs 250000/-????

Dear Sir,
An assesse who has retired from South Eastern Railway and his pension has been deposited in SBI savings account so what will be the category of employer in ITR. Whether it will be GOVT or NA.


Your reply will be very much helpful for me.

Thanks,
Abhishek Roy Choudhury.

dear expert,

i am individual and has running a contract business. i have declared presumptive business income and Filed return ITR4S of A.Y. 2015-16. after filed return, i has not received computation of income.
how can received computation of income???

Please advise

Dear all,

please solve my problem

i received notice. that was 3rd quarter return was filed with unmatched challans

so now i tried to download conso file but unfortunately i booked over amount than challan amount in original file so kindly let me know how to download conso file

Sir, If a immovable property is received by a unregistered society as a gift by a unregistered trust, then in that case what are the tax obligation on society under section 56(2)(vii)

Hi,

I tried to correct the TDS return of fy 13-14 through online using DSC. I filled in the details of the deductee by clicking on "Add Deductee Row" to the corresponding challan statement.

As soon as I click on "Save Deductee", I get a message as "Error On Page" on bottom left side.
Tried doing the same thing more than 5-6 times.
Please help me in solving the issue as I need to correct the tds returns of FY 13-14 and 14-15 on an urgent basis.

Thanks in anticipation,
Sangita

Respected Sir/Mam

I am a full time employee at a Pvt Ltd Company earning monthly salary and having also received advisory/consultancy commission form another company for PY 2014-15.

My query is as to under which head of income do i show my commission -

1. PGBP
or
2. Income from other Sources

Commission received is on my personal name.

hello every body.
Is digital signature mandatory for filing of income tax return and wealth tax return for the A.Y.2015-16.

Dear Sir,

Please advice me regarding the following points;

Suppose , I have a house loan for 10 lakhs and out of that the principle amount for the year is INR 16,000.00 and the interest part is 1,25,000.00 .
This was taken in the FY 2011-2012. Whether i can avail the exceptions u/s 80 c & 24 b.

kindly advice me regarding 80 c & 24 b with the criteria eligible for exemptions.

Kindly help me out.