what is the due date of payment of profession tax and filing of profession tax returns ?
Answer nowMy Brother has trading shares in Equity and commodity. Now he has in loss & also file income return. So which form is used for that & which reports is made for that.Reply Urgent. Thanks
Answer now
Dear Sir
my grandfather had purchsed plot alonwith tenants in1974 for Rs 200000lacs
he paid for maintaninng plot ,security /letigation court decree and vacated total plot with tenants cost amounting to Rs15 cr he sold plot in 2008 but recived last payment in 2012 july for Rs34 cr shall capital gain wilbe applicable if yes when and calucilation please or will it be business income
salary recevied by the minister in the govt. is taxable under the head salary
Answer nowHi, I have filled in ITR-1 return. While filling the form have filled in wrong TAN No. of deductor and hence received unmatched TDS calim of Rs.6000/-. Have filled in Recitification Request-- whose acknowledgement states --- Rectification Type "M". Ha ve TWO questions :-
a) Am I processing rectification correctly?
b) Suggest correct way to incorporate correctio, as TDS deducted is already appearing in by Form 26AS. Due to wrong input of Deductor TAN no.-- amount got mismatched--Pls suggest.
DEAR SIR/MAM,
PLS.LET ME KNOW WETHER T.D.S.IS TO BE DEDUCTED ON AMOUNT PAYABLE AS INTEREST ON REFUND OF BOOKING OF A RESIDENTIAL FLAT TO A NRI INDIVIDUAL,WHO DOES NOT HAVE PAN NO. & ANY OTHER INCOME IN INDIA?IF TO BE DEDUCTED,THEN ON WHAT PERCENTAGE?PLS.ALSO GIVE SUPPORTIVE EVIDENCE.
REGARDS,
ANKIT AGRAWAL
A Partnership firm have business loss and other souces income
Ex. Rs 50 & 75 Respectively
Return File After DUE DATE Than it can be adjusted or not
Gross Total Income=Rs 25 OR Rs 75
Plz Give Me ans with section no.
Mr. X purchased residential property Rs. 80 lacs from Joint Holder A (With PAN) & B (Without PAN)How can Applied 194IA for this Agreement? Whether TDS Done or Not ? Mr. A & Mr. B was equally partner of this property
Answer now
Hello Sir,
Our director has taken a house property on rent for which the rent agreement is in the name of director.
Now, she wants to make a direct payment to landlord from company's account.
Are the TDS provisions attracted? If yes, under which section?
In books of accounts, should we show it under rent or as salary to director?
Thanks in Advance.
applicability of 54EC,the sections read as follows:
- After 1-4-2007, the investment made in long term specified capital asset i.e bonds u/s 54EC during any financial year cannot exceed Rs. 50,00,000.
-As per clause (b)of the section 54EC,in the case the whole sale consideration is not invested and only part of the sale consideration is invested exemption shall be allowed proportionately.
Thus on plain reading of clause(b), deduction is proportionate. In other words full Rs.50,00,000 may not be available and only a proportionate investment will be available.
Kindly clarify if there is any circular which allows full Rs.50,00,000 as investment. Since ceiling is introduced in the Act, proportionate investment will not arise.
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Profession tax