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?
Answer now
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
Answer nowDear Experts,
A person has booked property in a Real Estate company through Agent. Real Estate company pays commission to Agent on that property. Agent pass on part of his commission back to person who booked the property. Agent also deduct TDS on that commission. Whether commission would be taxable income or it will be considered as capital receipt and will be less in the cost of purchase price of property ? Please refer relevant sections or notifications also.
Thanks in advance.
Dear Sir,
I have applied for PAN regidtration but by mistake I have given wrong email address. I have not received confirmation mail. , One of my friend have registed and forgot his password, and he didnt filled his online return ever.
Please help me time to fill return is very short.
Regards,
Chirag
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