LAND PURCHASED DATE 01.01.1991 RS. 100000.00
BUILDING CONSTRUCTED ON THAT LAND IN MONTH APR.2011 Rs. 500000.00. LAND AND BUILDING SOLD FOR Rs. 1500000.00 IN OCT 2011. WHAT IS THE NATURE OF CAPITAL GAIN ON LAND AND BUILDING WHEN CONSIDERATION IS NOT SEPARATELY DECIDED ???????
Whether speculative business covered by Section-44AD or not..If yes which ITR will be applicable??
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IS SUPER ANNUATION AMT. RECVD IN F.Y 2010-11 TAXABLE OR NOT ??
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I want to create HUF. How I can create HUF? and what income can HUF have? means only income from Investment or Income like all individual have.
Answer nowi have bought one commercial property in march 2010 and for the year 2010-2011 it was vacant.do i have to consider the notional rent on such commercial property
Answer nowI want to know the date of incorporation of HUF as per I.T.deptt. I know the PAN no. of HUF. Is there any way i can get the date of incorporation of HUF
Answer nowDuring payment of income tax, PAN was incorrectly filled in the challan. Hence Credit for the same is not reflected in the Tax Credit Statement i.e Form 26AS. What is to be done to make the necessary correction?
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Last year I have worked in 2 different companies:- 1st Job - April'2010 to 15thOct'2010 ; 2nd Job -16thOct'2010 to Mar'2011.
I forgot to submit "rent receipts" to first company during exit. I had furbished rent receipts for full year to 2nd employer. Total rent paid last year FY2010-11 is Rs. 98500/- ; First employer has not considered / mentioned HRA in Form16 ; Second employer has considered / mentioned only Rs. 54,000/- approx in Form 16/- . My total HRA eligibity from both employers is much higher. City - Bangalore.
My Queries :-
1)Can the rent component during the "First employer's" period (April'2010 to 15th Oct'10)be shown as HRA during filing IT returns...? Approximately - Rs. 44,500(98500-54000)
2)How do we do it..?? What is the procedure..??
3) Some people said, if HRA by first employer is not mentioned in Form16, then we cannot claim during filing IT returns..?? Instead, advised me to claim "RFA" (Rent Free Accomodation) amounting to maximum of Rs. 2000/- per mont for maximum 6 months...??
Pls advice as I have only few more days before 31stJuly..
Dear all,
our client is attracted to sec-44AD&AE and got 2 house proprieties,so started filing in ITR-4,and but the income is showing in negative in BP Annexure of ITR-4 after the income details.Why its so?
a person engaged in business of consignment agent and his gross receipt from commission rs. 28000/- and he has maitain books of accounts. as per books of accounts his business loss is rs. 7000/- after claim expenses. so tell me audit of book is mendatory or not
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Capital gain