Anonymous
27 July 2013 at 16:56

Traces-justification report

I have downloaded Justification Report of 24Q of period Q4 of Financial Year 2012-13. While trying to open the text file from excel utility, message is coming as: "JR-ERR004: Selected text file is not proper, please select the correct downloaded text file".

Please help.

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CA Jasbir Singh
27 July 2013 at 16:54

Tds deduction of non resident

What % rate of TDS to be deducted from making payment to non resident in shape of commission. What about surcharge & education cess.

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Anonymous
27 July 2013 at 12:59

Form 16

Dear sir

i have deducted 194j technical servicess,
and i prepaired ETDS 26Q then sumitted to NSDL office then iam getting Challan.
our supplier asking form 16 how will i prepaire please help on this

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Anonymous
26 July 2013 at 15:41

Tds on property sold by nri (urgent)

What are the tax and tds implications if an NRI comes to india and sells property situated in India to Ordinary Resident of India?

please tell its implications u/s 195B

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Salil Arora
26 July 2013 at 15:06

Audit u/s 44 ab

I have queries related to Audit under section 44 AB and it goes like this:

The assessee is a proprietorship concern engaged in software development and has earned revenue of Rs 34 lacs during F.Y. 2012-13. My Questions are:

1. Whether the activity of software development is a business or profession?

2. Should we also read section 44 AA along with Section 44 AB to determine whether it is business or profession? Section 194 J also talks about specified profession and it includes information technology . But section 44 AB is silent on this.

3.And if it is a profession it is liable to audit for A.Y. 2013-14 As it crosses Rs 25 lac

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CA Abhinay singh
26 July 2013 at 14:20

Applicability of section

Dear Sir / Madam,

If any person has filed ITR 1 after filing it comes to his knowledge that he was to file ITR 2 with more information. Then what should he do?

Regards,
Abhinay Singh

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Anonymous
26 July 2013 at 01:15

Tax planning

An assessee (Male - 38yrs) is expected to have following incomes in the FY 2013-14:
Income from HP - Rs 7,60,000
Income from business - Rs 89,000
Income from Other Sources - Rs 42,000

According to his investments, he will be eligible for deductions as under:
80 C - Rs 1,00,000
80 D - Rs 5,500
80 TTA - Rs 10,000

Give some good suggestions on how to minimize his tax liability for AY 2014-15?

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Anonymous
25 July 2013 at 16:50

Property purchase

Dear all experts i have purchased a land and its registry is under my name is done in fy 2012-13 of rs 565000/-. it is compulsory to show my property in my income tax return or not please advise me.
i have only salary income and insurance income lic commission which is below the limit of tax

so ur guidance is important to me

thanks to all

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Anonymous
25 July 2013 at 11:52

Capital gains for nri

A persion is NRI. He has capital gains in india. What is the taxability?? At what rate??
Also if that person doesn't have any othr income in india. So will the basic exemption limit of rs 2 lacs b applicable on such cap gains

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DWARKA
24 July 2013 at 16:09

Tds on interest on unsecured loan

I am Proprietor of a Firm. I have paid an interest on unsecured loan for rs. 25000. Should i deduct tds on same or not & why?

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