please give me detail about that can a tax payer or employee take tax relief both House rent allowance which paid by him in metro city where he/she doing job and already taken a home loan at native place before come this job place ? if yes can provide me detail and circulars and other proof which is demand by DDO...... urgent plz

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Sir, Please clarify the following issue: Assesse filed Income Tax Returns for Assessment Year 2014-15 in Form 4S for presumptive income declared u/s 44AD. He has also having House Property Income and Other Income also. He has paid self assessment tax of Rs25000/- and filed the return before due date i.e.31/07/2014. He has not paid any advance tax. Is he liable to pay advance tax u/s 44AD and he is liable to pay interest u/s 234B and 234C. In assessment order Income tax department send notice to pay interest u/s 234C. Return is filed with in due date i.e.31/07/2014. Please give reply the assessment order is justified. If not justified what steps to take to against order passed. Please give the solution for the above issue and give reply immediately with out fail

According to my understanding, clause 34(a) requires to disclose consolidated amount of each nature of payment which attracts TDS irrespective of whether the said payment is with in the prescribed or not. My question is what if an assessee does not posses TAN since he has not paid any payment in excess of prescribed limit. System does not accept if TAN is left blank.

The Assessee has paid to book a flat as under:

1. A Y: 2009-10-Rs.6,00,300/- (w.e.f. 11/02/2010)
2. A Y : 2010-2011 – Rs. 9,44,920/-
3. A Y : 2011-12 - Rs.13,77,466/- and
4. A Y: 2012-13 – Rs. 2,80,140/-(last: 13/08/2014) –
Total Rs.32,02,826/- paid up.

On cancellation due to delivery failure in 36 Months on 01.07.2014 the Builder paid Rs.43,23,398/-. Will you advise how to compute Capital Gain?

Thanks

VAPIWALA S G

there are 2 employees joined on 1st Sep 2014. They have not provided their PAN and said that they don't have it. the annual gross salary is Rs 1.9 lacs and Rs. 4.5 lacs respectively. kindly help me with the amount of Tds to be deducted for Sep month.

Dear All,

I am receiving so many notices from TDS-CPC regarding payment of demand for the TDS amount which I have already paid in FY 2008-09. After reviewing the facts I came to the conclusion that the particular challan(s) against TDS amount for which demand has been raised is showing status as "Overbooked" in TRACES.

You are kindly requested to please provide me clarification regarding how to deal with these OVERBOOKED challans as TRACES is not able to clarify me what to do to clear the demand liability.

Rohit Kumar

IN NEW FVU DEDUCTEE REF NO SHOULD BE PROVIDED MANDATORILY IN THE CASE OF DEDUCTEE WITH PANNOTAVBL. KINDLY GUIDE WHAT KIND OF DEDUCTEE REF NO IS TREATED AS VAILD DEDUCTEE REF NO. ? IS THERE ANY CODING SYSTEM SHULD BE FOLLOWED?

Hi, I am trying to file ITR 7 of school under society. We have never applied for any exemption. While filing ITR-7 through Income Tax Utility Part A - General (1) ask for the "Details of the Projects / Institutions run by You". As such we don't have any project or institution run from our end. Further it's ask Section under which exemption claimed, if any, which we don't have actually. These all information is compulsory and we can not generate X M L file without filling up all this. This become a deadlock for us. However in previous year we able to file the ITR 7 without filling up all these details. Please help with the relevant provisions if applicable.

I filed my return for year 2010-11 in ITR-2 form in july , 2010 .I paid all the taxes before filing return. Yesterday I received intimation under section 143-1a for Rs 142325 . My query is if this notice for outstanding demand is valid or not after 4 years of filing return ?

Dear Expert,

We are cargo Agents in Delhi and dealing with Non Residents Airlines for the purpose of movement of Air Cargo from India.

We have been provided Orders u/s 197 issued by their AO certifying that No Deduction of Income Tax is required to made from payments made to them as the certificate is issued under DTAA.

We are allowing No Deduction of TDS from payments made to them.

Is is necessary for us to show these transactions in our etds return to be filed u/s 195.

Thanks & regards,

Mohan Saxena