I have a client who is an NRI.

He receives salary from Australia and tax is also deducted there. We have the TDS certificate of Australian Government.

My queries are-

1.Which form is to be filled with the income tax department if he receives salary from Australia and earns saving bank interest in an Indian Bank Account?

2.Will the salary received be exempt? If yes, under which section?

3.How can the TDS be claimed? I mean, like we import form 26-AS

4.Can two years return be filled together of such NRI?

DEAR ALL,

THEIRS IS MANDATORY TO MAKE PAYMENTS OF ONLINE ?

BUT STILL WE MAKE PAYMENTS THROUGH CHALLAN SO THEIR IS ANY PENALTY OR ANY INTEREST FOR THAT ?

THANK YOU,

Hi,

I have capital gain for FY-13-14, if i will not file IT return for 13-14, what will happened.

even i have not taken any cap gain ac deposit the funds which were raised through sell of property.

pl suggest.

Is individual required to submit AIR returns
If yes then is there penality if taxpayer has submitted IT returns in time but not submitted filed AIR forms based on investment (between 2 to 5 lakhs) as shown in 26AS ( since last 3 years) Can you please throw light on whether an individual pensioner who have submitted IT returns in tlme is required to furnish AIR reportWH Only information was taken from 26 ASR. There is no such requirement in ITR 2
WHAT WOULD BE PENALITY FOR FURNISHING AIR NOW FOR AY 2010-11.AMOUNT INVOLVED IS ONLY 3 TO 5 LAKHS KEPT IN LIQUID FUND
IN WHAT FORM SUBMISSION IS REQUIRED IF ANY
KINDLY INTIMATE THE PROCEDURE

I would like to know whether hardship compations received from builder is taxable or not.pls give case law if any.thanks

TDS on goods transport agency
when apply under section 194 C
when apply under section 194 i

2 shares of HDFC Limited was purchased on 22.7.13 @ Rs.834.55 per share and the DP issued me a contract note for that. However, since the they could not give delivery of the shares on the due date they credited my account for 2 shares of HDFC Ltd @ Rs.868.19 per share on 24.7.13. So I made a profit of Rs.67.28. How should I show this? Should I show 2 nos. as purchase and 2 nos as sales and difference as SCG or I should not show any purchase or sale?

dear sir
my client sale his property 6100000 in aug 2012 and allmoney deposit in saving bank account i can not under stand that the liabilites arise on capital gain or not
how can i judge that he sale agriculture land is a ruler area he have a sale aggrement that show the land is out of muncipal area

For example ,
If an expense has been omitted to be booked in year 1,then we would have paid more tax with respect to amount of expense ignored

If we book the same expense in year-2,it will be disallowed as prior period expenses and again tax burden will increase to such extent
This leads to Double taxation.
Weather my interpretation is correct???

I am Salaried person and have transaction in Equities and F&O; I am going file ITR 4. I have loss in F&O as well as in Equities (Short term and Long term). Question is whether Shall I show all the losses in Equities and F&O as Business loss or Should I show F&O loss as "Business loss" and Equities as "Capital loss". Please suggest.