Dear all

My brother received salary in newzealand, but he is resident(ordinary resident) person for A.Y. 2015-16. There was treaty between india and new zealand govt., on which relief u/s 90 can be claimed. Doubt is who can i convert foreign currency (salary) into indian rupee for tax calculation.

Please reply it is very urgent...

Please point out the difference between the ITR-1 and ITR-2

The Indexation benefit is available on sale of shares of a private limited company.
what shall be the rate of tax on such transaction.

sir can i make an entry for provision of bad debts on 31.3.2015 and can it be carry forwarded to next year ant if it can be carried what will be the entry i have to pass in tally for both years

Hello Sir,
For AY 2014-2015 I have got the intimation from Income Tax Deptt (0n 26-05-2015) to pay remaining tax.There was some glitch in my last year form 16 and due to that I failed to pay 3000 to Income Tax Dept. My tax liabilities were 44,000 but I paid 41,000 only.41,000 was deducted before March 2014.
1. Please comment do I need to pay any interest on 234B & 234C (returned was filled on 03-07-2014 so no 234a.) for remaining tax?
2. How can I file it online if I am filing through ITR-1 XLS what should be the entry in these fields. (Can it be re-filled "Return filled under section -> 17-revised 139(5))
a. Returned filled under section
b. whether original or revised return
c. if revised, defective,Modified then enter receipt no
d. date of filing original return
e. Notice no
f. if filled response to a notice u/s 139(9)/142(1)/148/153A/153C enter
Thanks in advance for help.
Regards,
Aashish

Dear all

Recently CBDT has issued an Instruction dated 19th June 2015 directing that all Commissioner of Income Tax (Appeals) should issue appellate orders within 15 days of the last hearing.

What is the meaning of APPELLATE Order? Is there any difference between appellate orders and orders passed by CIT(A)? Please explain any other related terms also.

Thanks in advance
Regards
Pankaj

hi friends i do share trading i want to know how to pass on accounting entries , prepare p&l valance sheet and computation of tax if i trade in shares intra day and delivery short term

Sir,
while filing regular return (26Q,Q4) (2014-15) PAN no.was interchange between two different vendor for a particular transaction.

now when i made online correction by mistake i made the correction in some other transaction for same vendor.

now if i go for further correction it shows that further correction in PAN no. is not allowed, can anyone suggest me how correct the mistake ?

Regards
JAI

RESPECTED SIR,
CAN A DAUGHTER IN LAW RECEIVE GIFT FROM HER FATHER IN LAW ?
PLEASE GUIDE ME
WITH REGARDS

An NGO received a bill from foreign company regarding job package at devnetjobs.org for 320$.....will it be liable for deduction of TDS.....if yes at what rate ?