Hi All,
Our client has purchased property in 2002 and entered into memorandum of sale agreement in 2010 by receiving Rs.200000/- as advance.
Original transfer took place in March 2014 but the sale has been made to person other than to the person entered in memorandum agreement.
How to calculate capital in this case.
Sale consideration paid to both parties (I.e original seller and Confirmation party).
Hi all , We have requested for refund re issue to our clients address. Without informing us the client has shifted to some other state. The refund cheque has gone back two times. Later we requested the same to new address. Unfortunately the bank account has been already closed.Not able to deposit the same. The client is thinking that it will not come.He told that contact income tax department,get the refund and adjust the same against your pending audit fee. What to do ?Now if I request for refund re issue it is telling refund cheque has already issued and even we are not having client new bank account details.
Answer nowI am presently doing my articleship.can i file my income tax returns while i am doing my articleship?
Answer now
Dear All
What is the procedure for application for condonation of delay in filing IT Returns and refund claim under section 191 (2b) of IT Act?
What are the different documents required along with the application.
Hello everyone,
I work in a pvt com. Human resources has deducted my TDS on salary for the last quarter F.Y. 2013- 2014 since i have not given him the rent receipts and investment details.
My query is that can i claim refund of the same after giving the relevant documents to the HR.
I also want to know what is the last date of filling of return for individual for the F.Y. 2013- 2014.
And which form i should file for return.
Please i need guidance.
Thanks,
Nehal Trivedi.
WHEN CASE OF A PARTNERSHIP FIRM IS PENDING BEFORE CIT(A),AND DURING THE PROCEEDING IT IS FOUND THAT SOME INCOME OF THAT YEAR HAS ESCAPED ASSESSMENT IN THE HANDS OF PARTNER, CAN THE FILE OF THE PARTNER BE OPEN BY GIVING NOTICE UNDER SECTION 148 OF IT ACT KEEPING ON MIND THE FACT THAT TIME LIMIT TO ISSUE SUCH NOTICE IN GENERAL IS ELAPSED.
PLEASE REPLY AS SOON AS POSSIBLE.
I am having this issue in filling ITR for a Non Resident Indian (NRI).
In the F.Y. the concerned assessee has his receipts from salary earned while working on a foreign ship in foreign waters. He was in india for less than 182 days in total during the previous year, thus maintaining his NRI status.
He earns interest on savings bank account he has in India the total of which is Rs. 13,550- his total income in India. No TDS deducted.
Now he wants to file his return in India, what ITR should be filled, will his foreign salary be reported in it, if yes under which column.
The salary is received in US $, we have the pay vouchers for every month at what rate will it be converted to be reported in the return.
Can we appeal against the order u/s 200A for short deduction of t.d.s in case of invalid pan but later on the pan has been updated by filing correction statement inspite of which the the notice has been received because more than 2 alphabets and numbers have been rectified in the pan updation?
Answer nowhello
I would like to know whether donation to a non profit charitable eductaional institution is exempted from indian income tax ? if so under what provison. Any condition or procedure to claim tax exemption ?
regards
can you give any legal reference where it is mentioned that Sec 35(1)(ii) deduction is available to assessee carrying business or profession
Answer now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Capital gain in case of memorandum of sale