I have filed ITR 4 by mistake for AY 2012-13. but I have calculated income u/s 44AD i.e. 8% of turnover. I filed ITR after Due date. and now income tax department send me demand notice. what can i do? Give me suggestion.

HELLO,
MY FATHER IS FARMER AND HIS ONLY AGRICULTURE INCOME,AND NO BOOKS MAINTAINED FOR THAT,SO HOW CAN I DISCLOSE INCOME OF THERE????
IS SECTION 44AD IS APPLICABLE??

whether sec.40A(3) apply on trust & charitable institution ?

suppose mr.x has one residential house and he wanted to purchase another residential house with the joint name of his major son and he also take a loan from bank. 1) what will be tax effect if he take loan of his name only? And 2) what will be situation if he take loan from bank with the joint name of his major son?

My clients has a salary income upto 12 lacs
he Hold two residential property one use for
his resident and second is let out.150000 interest paid on res.property and 125000 interest paid on letoutr property.so How can manage to save incometax to take benifit of both interest cliam. Please give reply with details.how can house property loss adjust against salary for second house property it is either possible or not.please describe with example.

Hello,
I want to clear my doubt on topic of FCRA.
What are the tax implication on the amount received under FCRA approval by a Society registered under Societies Registration Act 1860? What must be done if balance amount is left in th FCRA bank account at the year end?

What is the nature of Income of Distributorship from Dish Tv...TDS Deducted on incentives recd...the chain is like assesse paid to Dish Tv Rs.100000 then he get balance of Rs.104000 and then he distribute it to the Retailors...atlast he retain 0.50% of total transaction or T.O.....In a year his total transaction of Rs.90,00000...how to treat that...either consider the whole 90,00000 as turnover or treat only as agent....reply urgently

Recently I had made an rectification of TDS Return of a firm. The assessee have made payment of interest on late payment which I while doing rectification added a separate column and mentioned amount in interest column and in Anexure against that challan I tagged the respective entry as per justification report with the amount and interest. After processing of that return the department raised demand on that amount which I tagged against the new challan of interest payment. Since, TDS have been paid on that amount thereby no payment of demand required. So now to vacate the demand I have to make rectification again. Therefore, while rectifying TDS return I have no option to delete the column. pls suggest to resolve this issue.

Hi

One of client sold the property in Aug-13, and before e-filing of his returns FY-13-14 he would like to open the capital gain ac to reduce the tax amount and further purchase of property in coming years.

but in that capital gain amount 25% nearly utilized to purchase of property in his spouse name. hence at present he has only 75 % nearly having capital gain funds with him.

my question is whether he can open the capital gain ac with 75% amounts or he need to be open with the 100% capital gain amount.

Please clarify.

194c of income tax act