I. Tax Return (ITR) require assessees to give information about certain transactions entered into during the previous year, which are reportable in the AIR u/s.285BA.
My query is, if an individual and his spouse jointly purchase an immovable property (say) for Rs. 40 lacs and the share of each is 50% i.e. Rs. 20 lacs each.
My query is whether this information is required to be given in ITR by both individually?

Dear all,

Please provide me some clarity on the Yield part of dividend on Preference Shares and also please throw light on the provisions related with this subject matter.

Further please tell me whether any provision has to be created for payment of this yield.

Many Thanks in advance.

Dear Sir,
Can article under CA file income tax return ?
have any prohibition? tell me..

Dear members please help...

An Assessee deducted tds under section 195 for professional services, and inadvertently deposited the same under section 194J along with TDS deducted under section 194J under the same challan.

What can be the remedy for this mistake.

Secondly, if we get the section changed to 195 for the whole amount of TDS, whether the party (resident) can claim credit in any manner.

Hello..
I'm using Taxbase software for filing e-tds returns. I've updated all the data i.e. quarterwise challan details etc in Taxbase software. But now what is the next procedure to file return of last quarter of FY 2012-13 by using TAXBASE software.
Pls let me inform in detailed steps, as soon as possible. I'm very much in need of that.
Thank you so much.

Pls suggest on the following:

TDS @10% has been deducted under sec 194 LA on compensation received on compulsory acquisition of village land by government. Need to know which ITR is to be filed for the same for AY 2013-14 and under which head of income? Can refund be claimed by a Sr. citizen in case the total taxable income is below the the taxable limit?

an advance of Rs.1,00,000/- have been given by an educational society for purchase of software for student education during the year 2011-12 and the software have delivered during the year 2011-12,because of poor performance of software the contract have been closed during the year 2012-13 with that advance amt only,without paying the remaining balance.some one please suggest me how to close the transaction now.

IF WE ARE PAYING TAX AFTER DUE DATE WITH INTEREST U/S 234A,234B,234C AND AFTER THAT WE HAVE FORGOT TO FILE RETURN NEXT 2 MONTHS THEN IS THIS ATTRACT THE INTEREST U/S 234A EVEN TAX WITH INTEREST HAS BEEN DEPOSITED.

Dear Sir,

A charitable Trust has accumulated Rs.5 lakh in the year 2008-09 for construction of a building for running a School. Form 10 specifying the same filed with ITO. Now it is not feasible for the Trust to build a building and run a School for various reasons. Now please guide us can the Trust use the accumulated amount for construction of a residential houses for letting on rent and that rent can be used for the object of Charitable Trust.

Thanks & Regards,
C. Durairaj
Manager,
Sree Visalam
Pallathur-630107

Construction company following project completion method has acquired land for project and has classified land cost as well as incidental expenses incurred for the same under work in progress . now if such land is sold how is the gain to be treated