Hello Experts,

Please tell me what is the last date of filing Income Tax return for the F.Y. 2010-11.

If somebody haven't submitted Income Tax return for the F.Y. 2009-2010. Now, how can he/she can submitted the Income Tax return for refund & what is the lat date of submission of IT return


Thanxs.

Hi,

Although I have a house of my own, i stay in a rented house for proximity to my office.

My owned house is let out. In such case, can i claim both HRA as well as the loan interest and premium paid? If yes, to what extent ( i mean exemption cap) and if no, whats the way out to minimize my tax burden as i am paying a lot of money towards interest.

Thanks for your time.

AOP comes under non-company category

A.O.P. COMES UNDER COMPANIES OR NON COMPANIES FOR DEPOSIT OF T.D.S. CHALLAN .

it act say that salary is taxable when recieced and due which is earlier but in case of arrear salary why we forget this rule and it is panel for asseseee wether yes or not and also in fevour of 89 relief plz explain arrear salary also rahul burad

i received notice u/s 142(1)(ii)

plz tell notice u/s 142(1)(i)
u/s 142(1)(ii)
U/s 142(1)(iii)
for what purpose

and what means office bearear

My father is planning to sell an ancestral property for Rs.25 lakhs. Should he sell the same in his personal name since he is the legal heir.Or should he open an HUF and do this transaction over there. What is advisable. If he does it in HUF and how will this money distributable.Like We are two sons and mother. Can we distriubute it equally like 1/4 th each what will be the tax implications. Your best advice over it on this shall be highly appreciable.

Facts of the Case:
The Assessee Company is a Supermarket Company selling FMCG. The
assessee company charges 1.5% on its Sale Price as Mahamai/Charity to
its customers. The Assessee company collects (charges) the charity
from customers and remits the same into a charitable trust. The
assessee does not show the ‘Charity collected’ in the Sales Account in
Profit & Loss Account. That is, the assessee brings the 1.5% of
Charity to Balance Sheet and pays the same to the Charitable Trust.

Proposal of ITO:
The ITO has proposed to add the “Charity Collected” to the Total
Income of the Assessee. Whether the ITO’s contention is correct ?

I am on the side of Assessee Company. If the assessee accepts the
ITO's Demand, the ITO is definitely going to Reopen the last years
records. Is there any way out for this ?

Thanks in advance
Arul.

Calculation of Capital Gain. When Land on which a new building is constructed is sold to a single person under two different agreements, i.e. one for Land and other for Building.

Dear Sir,
We are paying commission to Non Resident (Shifted to abroad 2-3 yrs back & comes India once in year say for 30 Days. Then while making payment to him we have to deduct TDS @10% u/s 194H or any specific provision for that.
Pls explain in details & also suggest things which we should keep in mind while making payment.

Many Thanks:

Rahul