Dear Experts,

I have not yet got the E-receipt inspite of sending the ITR-V to Bangalore 3 to 4 times. Now 120 days limit is also finished. I have also sent through registered with AD but the post returned. I took the returned post to the IT department but the ITO refused to receive the same Return.

Also i have tried to upload it again but asking for Revised Return. So can i file a revise return without getting the EReceipt for the original. What are the consequences? What step should i take?

Is there any specification regarding rate of interest for payment to depositors or relatives? and if yes then is it necessary that rate of interest for family members an other depositors should be same?

Hi Frnds,

I had just created a huf account i want to know can huf trade in futures& options segment and commodity segment,if yes then if there is profit ,what is tax implications of the same ,whether it is short term capital gain or income from business pls help me

reg

Rahul

Can we claim deduction u/s 80C of tution fee paid out of the education loan ??

Other Info:
1. Repayment of education have not started yet.
2. Amount of fees is directly paid by bank to the college.
3. Interest payment will be started after the completion of course.

one of my client had a long term cap gain of approx 2.5 crore , now as the LTCG as transaction is of Novemer end I suggested him of Investing 50Lacs Till March in 54EC, And invest further within april 50 lacs again in 54EC.
Still There are capgain of approx1.5 crore
i futher tell in to invest as per Sec 54, but he resisted. Now i want to know is there any other way to save tax legally or otherwise . plz suggest on asap basis

I had purchased immoveable property of of high value and fails to disclose the same in my annual return in Schedule-AIR of ITR-2 and the same mistake i committed since last 3-4 years continually.

Kindly let me know the consequences of the same and also suggest remedy available.

Now department caught my all records. Altough i had never booked any income being all transactions were of purchase not of sale.

Kindly expedite your suggestion.

Hi,
As we know filing of return of loss within due date is one of the conditions for carry forwarding business loss under section 80 of I-T act. If the return of loss is filed after due date whether the loss can be carry forwarded.

Dear experts,

in a company (50cr T.O), purchases are accounted on the "date of receiving" the invoices rather than date of material arrival. (no provisions created) they are saying that this is their custom long since.
there are lot of previous year purchases (approx 20lakhs)they are saying that they received the invoices now only. pls tell me what will be sequence?

Dear Mr. Raghav

Thanks for reply

I was appointed a CA for scrutiny.

As I was deposited cash from my own cash on hand and withdrawn the same with in 1 to 2 days and same transaction was done so many
times.

As I was also produce my cash book to ITO. than also he was disallowed.

As I was decide to go for appeal. Any strong explanation ag. it.

WHAT IS THE DUE DATE FOR FILING OF INCOME TAX RETURN FOR THE PARTNERS, PARTNERSHIP FIRM IS IN AUDIT SO FOR PARTNERS DUE DATE IS 30TH SEPT OR 31 ST JULY

PLS GUIDE ME