Hey!! I want to know that how to show depreciation disallowed u/s 38(2) in IT return, as, in IT return, I found no such option even depreciation is auto computable means we cannot just put the correct amount of depreciation there also. So, will anybody guide me on the same. Thanks

Three individuals want to develop and sell their ancestral land. They formed a partnership firm and transferred their land to the firm. After incurring development expenses they sell the land. The firm pays the taxes on the profits earned. Are the partners exempt from the capital gains on the land transferred to the firm? Is the firm liable to pay capital gains tax or should it treat the profits as income from business? Can ths ecperts explain the provisions of income tax in this issue?

In assessment year 201516 AO found that assessee has claimed tds refund of rs 2 lacs which is actually pertian to income disclosed in return for AY 201415 and hence disallwed this tds credit of rs 2 lacs and invoke penalty u/s271(1)(c).Assessee explained to AO that deductor deduct tds in AY 1516 instead of AY 1415 and hence he claimed tds in AY 1516.
AO advice him to pay taxes so he will drop penalty proceedings and file rectification u/s 154
Now what assessee should do?
Can he file rectification u/s 154 for AY 1415 and claim the refund and pay taxes?
Should he file an appeal against penalty order?
Does claiming of tds receivable amount to concealment of income?any case laws is avilable

HELLO, I M A COMMISSION AGENT(NOT A INSURANCE AGENT) . SO PLS TELL ME WHAT ITR SHOULD I FILL IN FY 2017-18. I PREVIOUSLY FILL ITR 4S AND TAKE 44AD BENEFITS BUT FOR THIS YEAR I M CONFUSED PLS HELP ME..........................

Dear Sir/Mam Plz tell me Can uncle (mausa) give gift to our nephew (bhanja) or not. Means any amount by way of cheque,NEFT or RTGS, and It is exempt or not..

what is arise in India??

What is accrue in India??

Is there difference

how much tax is payable for individual trader doing currency trading under section 44AD

Assesse used commercial property for his own business purpose and charges depreciation on it as per section 32. Suppose that assesse has used the property for the part of the year and thereafter let out for rent. Will depreciation be allowed in such case for the part of the year for which assesse used the property for his own business?

I m a post office agent how fill income tax refund.....which i had from tds......pls help as quickly as possible

Recently i have joined an organization (Firm 1) who outsourced the entire recruitment process to another organization (Firm 2). I have quoted 1.25 Lakh per month towards my fee for the services. I am on the payrolls of firm 2 but my services are for the firm 1. Firm 2 receives 15 % commission on my salary which is exclusive of the quoted amount. I would like to know how much of the quoted amount will fall into "TDS". Normally as a contractual employee, i am of an opinion that 10% of the Remuneration will fall under TDS. Kindly confirm