Does the term "substantial interest" have different meanings in different contexts?
what is the method & rate of capital gains tax on ZCB,debentures,units other than equity oriented fund if these are:
1.unlisted
2not sold thru recognised stock exchange(rse)
3.sold thru rse?
Is interest received on enhanced compensation under compulsory acquisition of rural agricultural land is liable to tax.
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Dear expert,
I am filling application form for digital singnature of e mudhra. In the column of email id, I should fill it in capital letters or in small letters.
Please advise me.
I have filled my Income tax Return for AY 11-12 on 16.08.2011 have a refund of rs 20540 and also send my ITR V copy to Banglore but it is not recived by them and now 120 days are over and now the officer of the department told that i hav to file the return once again my reutrn mannual and have to submite at local income tax office and my orginal return has no validity and it is cancel. and my income tax word is of u.p as per my pan data and right now i am doing job at ahmedabad so it is nt possible for me to go there for filling retrun ..
so please gudie me now what to do wheather i filled my return mannual or anyother option available !!!
Thanks in adavance
Hello Experts
Do Digital signature required to file ITR of partnership firm having loss or nil income.
Thanks in advance
I made a distress sale.
I entered into an Agreement Of Sale (Sathekhat) for selling a plot of land for Rs.10,00,000. The Agreement Of Sale has not been registered. The person with whom the agreement was signed also took a Power of Attorney from me since he will be selling the plot at a later date. The Agreement Of Sale was signed so that he could pay me the agreement amount of Rs.10,00,000 through a cheque.
Now, how do I pay income tax on the sale. There wont be a sale deed until the person actually sells the land to someone else. However, I have received the agreement value in full and deposited it in my bank account. Can the capital gains tax be calculated on the amount in the Agreement To Sale since that is the amount that I have actually received or do I have to wait until the plot is sold via a proper sale deed.
In case there is a query from the income tax dept. will the Agreement Of Sale be enough proof to show the source of income. If not, what do I do? Will registering the Agreement Of Sale help.
please tell me income received from a company as commission on target basis?
and company already deducted tds.
also tell me which itr form to be fill up...
Dear sir
I am received a letter from Director of Income Tax (Intt. & Cr. Inv.) regarding non quoting PAN u/s 139A(5) & 272B of IT Act for the financial year 2010-11.The Brief Facts of my Financial Transactions are following.
* In the F.Y 2010-11 I am cash deposit Rs. 3449000 in my saving bank account and Rs. 2317000 are deposit through cheques
* I am not a Income tax Assesse but I am Pan Holder
* I am a agriculturist and my family total income from agriculture is Rs 15 Lac per year
* The above cash which is deposit in bank received by sale of a piece of urban agriculure land, but I am not a owner of this land , I am only special power of attorney holder of this land, i have only right to sale of this land . This land was given to me by my relative (Mosa) in blood relation. There is no documentary evidence of this land, how to given to me.
The Question arise above Facts are:-
1. If I file income tax return for F.Y 2010-11 relative to A.Y 2011-12, what source of income i shown in ITR for Above cash deposit Transations.
2. Is i shown long term capital gain of sale of agri. land. (which I am not owner, but I use sale Consideration)
3. I am remaining 5 acre agriculure land, which i am not owner , but I want to sale in future, for sale in future how i show my income
Thanks
I efiled my return. I uploaded the wrong .xml in which the interest income in Income from other sources is not included. Although my tax liability is nil. I am supposed to get refund of TDS on that interest.
I got ITRV also.
Help!
What should i do now?
i want know whether wealth tax is removed now or the limit is increase how to calculate wealth tax of the individual
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Cap gains & others