An Assessee has taken unsecured loan during FY 2010-11 for Rs. 100000/- and the same was mentioned in Point 24 a in 3CD Report. But during current year only interest of 21000 has been credit to his account and no other transaction has taken place and o/s amount at the end of FY was Rs. 112000/-.

shall this credit of interest to his account be treated as acceptance of loan and will any disclosure will be made under point 24 of 3CD Report???

Please revert.

Thanks in anticipation.

if father in law gifts some money to son wife on the occassion of marriage and sons wife further make the investment out of that money than whether such income will be clubbed in the hands of father in law or not?

Hi

I want to file my HUF return online. I am trying to create the log in ID and the site is giving the following errors....

Please recitfy the following errors(s):
•Your first name doesnt match with the data you entered..
•Your mid name doesnt match with the data you entered..
•Your surname name doesnt match with the data you entered..
•Your Fathers name does not match with the data you entered.



How do I rectify the same. Is it possible to file the HUF return online

I have been sent a letter by AC, Income tax to appear for clarifications on September 21 wrt AY2011-12. Since my travel plans with the parent company were fixed well in advance and tickets issued, I have to leave this country on September 19 and return on October 10.

What can I do? Can I appoint my CA to represent my case and submit the acceptance by him as an affidavit?

Also, what is the back up needed by AC, IT?
I have claimed relief under section 90 as taxes were paid in Europe.

whether the following are allowed while computing the taxable income of the company :

1. Interest paid on late deposit of TDS

2. MCD Tax (i.e House Tax) paid for the premises which is being used for the purpose of carrying on the business ?

Thanks in Advance...

Dear experts,
i Am Purohit. i get salary from pooja 25k Monthly. but i didnt filled income tax return. in bank ask me please provide your IT returns .
i have on doubt . how much tax shall i pay ?
what ITR return i can file ?
How to certifiaction make by Ca?

Please resolve my query . because i have urgent need loan from bank .
For 2 lakh how much show income ?

Thanks alot in advance for all experts

If an assessee takes loan from friend or relative for buying house ,and if there is a valid agreement to repay int and loan amount ,can he claim deduction for Int on borrowed capital under Income from House property.Or only banks /financial institutions loan would be valid? Pls explan with reference to construction within 3 yrs from date of borrowing

This year I've submitted my first return and when i received a email from tax deptt, the attachement had 5 pages including the computation of income....does that mean i've to undergo assessment procedure......I only had income from other sources......i don't know what exactly this is....

Dear Experts,
There is an assessee( individual trader), whose gross profit in AY 2012-13 is coming to Rs. 45000/- as per accounts on the sales of 23 lacs. Despite that whether still he can opt section 44AD by declaring net profit Rs. 184000/- or not?

Please advise me.

If any person is e-filing his return and claiming deduction u/s 80DD, where to submit the certificate pertaining to 80DD as during e-filing no document could be sent alongwith.