how to get refund for f.y 2014-15. and F.y 2013-14, can I able to file ITR now
Answer nowMy client is salaried employe he received 40 lakh salary income & he also trading in intraday trading & f&o & in the share market he get loss then he can liable tax audit under sec. 44AD. I have not maintenan books of account. where I can show his income under computation nonspeculation business or capital gain Which ITR fillied
Answer nowDear Sir
My Employer deducted entire Tax as TDS from my Salary and I filed the return before due date i.e before 31/07/2017.
Now I got an Intimation u/s 143(1) to pay interest u/s 234B&C.
All the taxes are Deducted before 31/03/2017.
How can I rectify this?..
Dear Sir,
Myself Dharmesh Kansara, I am an individual. I am employed in manufacturing unit along with that doing book-keeping works for some individuals. I have created my log-in in Income tax department for e-filling returns other than mine. The problem is I tried so many times but always showing username and password is incorrect.
How to resolve the issue? So, that I can submit income tax return online.
Please guide.
Whether an Immovable Property (i.e. a Residential Flat) received by an Individual from his Mother is Taxable?
The said Property was purchased by the Father of an Individual & after the father's death the Legal ownership was transferred to mother & now Mother has Transferred the said Property to son. So, Will this be Taxable in the hands of Son U/s 56 as a Gift or it will be Exempt as Property is received from mother being an Relative of an individual.
Also, Please state what Legal Formalities needs to be done so as to get the Son's name in the said flat?
Please Help.
Dear Sir,
Value of stamp paper required for loan agreement, i.e. one person gives personal loan to another person of Rs. 5.00 Lacs.
Thanks,
Abhishek
I have done FD on my mother (house wife) name for amount Rs.180000/- Tax saver scheme and one another normal FD of Rs.100000/-, she is having around Rs.10000/- in her savings account, in financial year 2017-18.she is not a senior citizen and she is not having any income. Will TDS is applicable for her.
Answer nowThis religious public charitable trust registered under Bombay Public Trust Act 1950 has many associated temples and institutions across the world. However it has no financial interest in any of these associated temples or their property.
The Board is considering purchasing property in the UK directly to develop into a temple. This is something consistent with its Objects as a public charitable trust.
What are the income tax implications of this from Indian perspective?
It would be purchasing this property from existing accumulated funds in India.
The the Income Tax Act and Section 11 and 12 might be relevant here but this is something I was unable to comprehend.
Thanks for your help
ABC & Co. is a partnership firm having profits of Rs.36000 before remuneration but after interest to partners. After providing for remuneration, taxable profit becomes 0. Whether the firm is required to get its books of a/cs audited, considering the provisions of Sec. 44AD where it is stated that books are required to get audited if total income exceeds the maximum amount not chargeable to tax?
Answer nowI have filed original return (accounts books maintained on cash basis) for A.Y 2016-17 before due date. The return was processed generating a refund (of around 60,000/-). Now i wish to REVISE the return as I had unintentionally forgotten to take Share of Profit, Remuneration from the firm and Interest on capital with the firm (although all of the income from firm are book entries not received by me in cash/cheque).
On incorporating the above incomes still i am eligible for a refund (of around 18,000/-).
How and where do i show Income tax refund received, How do i calculate interest payable if any.
How do i refund back the department the excess refund received. Do i need to ?.
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refund for old years