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

My clients Gross Receipts is Rs.98 lakhs. He also has Transport Hire charges of Rs.6lakhs. Do I have to consider it under Section 44AB or can I take 8% of Gross receipts under section 44AD and one heavy business vehicle under sec.44AE. If I take the later it falls less than One Crore.

Sir,

Please clarify the following queries regarding the below mentioned situation

Suppose i decide to make a gift in cash to my minor son every year to an extent of Rs. 100000.

1.Now due to clubbing of income, will the gift made to him be added back in my income or will it be exempt as i come under the definition of relative.

2.In order to make investment and avoid tax liability, can i invest the gifted amount in PPF in my minor child's name?

3. If the above option is not worth the efforts will creating a Private discretionary Trust be a good option?

Generally people approaches CA's for filing return so that they can avail loan.

I just want to know how to determine/calculate the amount of loan an individual can get on his income tax return filed.

Please guide how to calculate the amount of loan one can easily get on his income tax return filed & also guide me all necessary important criteria in relation to same.
Eg loan can be determined by considering avg N.T.I of last 3 years, something like that.

Inconvenience is regretted.

Thanks in advance.

Dear Sir,
The Sole Proprietory business of Husband was transferred to Wife on 1st January 2014. That means, the entire business was run by the Husband for 9 Months and the Wife for 3 Months, Both Husband and Wife prepared respective P&L Accounts for the FY 2013-14 showing proportionate Depreciation on Assests transferred, i.e., 75:25 .
Is there any scope of showing Depreciation in the above ratios ( 75:25) in ITR -4 ?
In sheet 'DPM DOA' in the ITR-4, the options available are " Additions for more than 180 days/ less than 180 days.
Although, the Husband operated the business for Nine(9) months, is he entitled to get 50% and the balance for his wife.
I shall be highly obliged, if some light is thrown on the above issue.

I downloaded conso file to revise TDS return for FY12-13,26Q,Q1. I want to change in Deductor type. Person who filed original return state:- S State Government in Deductor type, but accordingly to TAN No. LKNU04190E, deductor type should be N Locol Authority (State Govt), when I select Local Authority & try to save it ask for AIN No. which I don't have & don't know what is AIN no. From FY13-14 on wards I m filing all quarters return including 26Q,24Q but in original return it doesn't ask for AIN No. Payment of challan is always made by cheque to union bank of India. I want to know why It ask for AIN no. while changing deductory type in revised return, & in original return It doesn't ask for AIN No.

Whether a trust registered under Rajasthan trust Act is eligible to avail exemptions as per section 10(23C)(iiiad)?

One of my NRI client sold a residential house situated at Mumbai during F.Y.2011-12. The property sold was held in joint name with herself and her husband. The LTCG on the property was Rs.40.00 lacs. She invested the capital gain of Rs.20.00 lasc in a residential flat within one month from the date of sale. She also booked one more flat which was under construction. The construction completed recently that is in 2014. She paid the entire amount in instalments to the builder (i.e, within 3 years). Both the new flats are in the joint name of husband and wife.
My query is since she has not deposited the money in capital gain deposit scheme before the due date for filing the return for A.Y.2012-13,whether she is compelled to pay tax if her case is choosen for scrutiny. She filed her return on 05.08.2012 but did not disclose capital gain in the return.

I wanted to download conso file & justification report from Traces to revise TDS return becoz there were plenty of PAN errors. But details were given in TDS return were totally wrong. That's a doing a lots of efforts for making PAN combination & putting challan details, coun't get conso & justification report. As I have discussed with customer care..contacts@cpc.gov.in but couldn't get the proper response. they asked me to meet the Assessing offier. But I don't know how to find him. After searching through TAN: LKNU04190E. I got below address:- AREA CODE: LKN, AO TYPE: WT, RANGE CODE:131, AO NUMBER:2. I can't understand I m new in that case. plz tell me to reach him through address.