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.
If I have a carried fwd short term capital loss on STT paid shares - (Not speculative)- can this loss be set off against long term capital Gain on sale of Land. Pls give reasons for the answer
Answer nowDear Sir,
Request your advice regarding the exemption criteria in case of interest and principle amount repayment for home loan.
Thanks
I have purchased a residential flat in 1989 & my brother has stayed in the same on goodwill.
Now I am thinking of selling the premises & from the sales proceeds plann to buy two separate premises - one for me and one for my brother .
How best to minimise on Capital gains tax.
Can I show the flat bought for my rother as gift to him?
Kindly let me have your valued suggestions.
I want to know,i want to prepare a balance sheet of an individual,so that i can know the capital amount available for utilization.
Is it mandatory to file balance sheet with IT return.
Or just prepare a Balance sheet for our record.
I had 2 flats adjacent which I had joined and purchased in 2006 then I sold them in 2008 resulting into STCG of 12 lacs. Then I bought another flat in 2011. I had not filed any return till date as my income used to be below lowest slab. please show me a way out.
Answer now
Friends my Total income (Income from house property) is less then exemption limit but my client (Bank) is deducting TDS, for which i have to claim refund every year.
Is there any way by which i can stop this deduction???
I have filed an ITR of assessee where same income got considered twice for tax computation & the return got uploaded.Now I have received NOtice u/s 139(9) for Defective Retun.What should be done in this case.please help on this...
Answer nowDear Sir, As per sec 194IA if the total consideration for any immovable property exceeds 50lakhs then TDS @ 1% needs to be deducted. My query is if say total consideration is 65 lakhs including service tax and service tax is of 5 lakhs then TDS u/s 194IA needs to be deducted on 65 or 60 lakhs???
Answer now
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