Dear All,

Please suggest,

One of my Friend, His TDS deducted under section 194D of Rs.13,000/- during the financial year 2008-09, but Income Tax Return not filled for the same, Please suggest me any provision/option in Act, to get the refund.

My uncle is into retial trade.
his gross sales last year was around 14 lackhs.He wants to file his return for ay 12-13 now.
since he is eligible for 44AD.
he wants to claim higher propotion of income around 20% of his sales.

in that case how much tax he has to pay and penalty interest if any for late filing also please tell which form nos to be used.

also pls tell tax liablity if wants to show income @ 8% only.

prop firm converted into partnership on 12th jan 2012. How depreciation shall be charged?

I forgot to deduct tds on professional fees of Rs.50000 in July 2012. Now in december it came in my notice and now I want to deposit it with 1% interest from the date it was deductabe and 1.5% to the date actually deposit. But I had filed tds return for the period of July to Sep. now i dont want to revise return. Is there any provision regarding this.

Pls help.

Dear Sir,

Is the income tax india e-filing website is not working on my system or it was having any problem?

Please suggest any alternate (if any).

Thanks

An assessee is a trust,on which provident fund act not applicable but assessee grant approvel by central government to creat provident fund to their employee.

now my question is the income generate from the said fund is taxable in the hand of assessee or not?. In what condition it is exempt?

Sir,
What is the authentication code asked for downloading TDS certificates from TRACES website??

my client company is issuing credit note to a person who is making payment to a foreign party after deducting TDS.

whether is this treatment correct.
or,
my client company should had to deduct TDS before making payment please either suggest me or provide source from where i could get this information.

regards,

munna singh.

Dear Sir
I have filed my ITR-4 for AY 2012-13 electronically without digital signature on july 2012 & forget to send the signed the ITR-V copy to CPC.

Please let me know what to do. either to file the return or send the previously filed ITR-V copy

Respected All, My Uncle purchase a land from HUDA in Gurgaon on 21-05-1993(conv. deed ad allotment date) Of Rs. 210719 , on 26-11-1996 he has paid Rs. 26375 for registration fees. After that he has constructed 484 sq feet area on that plot and completion certificate took on 09-11-1998. he dont have the construction bills so dont know the construction value.

Now He has sold the house in nov 2012 of Rs. 1,80,00,000/-.
Now how can i calculate house construction value or what is the procedure? and what is the amount of Capital Gain, how it calculate ?
Thanks in advance to all.