Anonymous
18 October 2010 at 13:31

Reg. TAX on FD

Sir,
I have made 5 FDs of Rs. 4 lacks each in Feb 2009 (for 1000 days). I have not shown interest in ITR of 2008-09 and 2009-10. The bank have deducted TDS on them. Can I now show interest in ITR on maturity of these FDs or I have to fill revised ITRs for the previous years.

Regards,

G. Kumar


CA CS Shrinivas Bhat
13 October 2010 at 14:55

TDS - Correction return filing

Hi,

I have lost the original data of FVU and related files of 24 Q. Since there was a huge mismatch. I have to file the correction return now. Even TAN registration is not helpful since I could not provide answer to the security question since the original data is lost.
I spoke to NSDL people also and they are telling that it is not possible to retrieve at all.

Any body please help me out to retrieve the original FVU file, since the return need to be filed at the earliest.

Exeprts I am desperate so please give me some solution.


V R Kanetkar



QUERY RESUBMITTED, PLEASE HELP

Respected expert,

My wife , 56, worked with SBI for 29 yrs and took VRS in 2007. We (myself, wife, and our only son) stay at Andheri(w) in a 1 BHK flat which is in my name. We also have a flat in Kandivali(w) in my son’s name and wife’s name (where wife’s name is second as a joint owner).

There is a 1 BHK flat in Baroda in my wife’s name (which was purchased in 1998 and where I stayed between 1998 and 2005 due to my job in Baroda). The purchase amount in 1998 was approximately 3L. The flat is in a society / apartment , which was constructed in either later 80’s or early 90’s. My wife now wants to sell this flat and expected amount is approximately 10 L.

I would like to know the following now.
Once she sells this Baroda flat what is her obligation as far as Income tax / property gains / immediate investment etc. is concerned.

Both me and my son would like to see that she benefits to the maximum since it is her flat and hence her money.

Thanks with warm regards.

Dr. V. R. Kanetkar



Anonymous
13 October 2010 at 11:50

Capital Gains tax in case of legal heirs

Recently one of my relative expired by committing suicide due to financial crisis. He had sold his property and the entire amount was utilised for clearing the debts with private money lenders. His wife is now left with a small amount which is not even 20% of the sale proceeds. Now my question is whether the legal heirs are liable for Capital gain tax. And as there is very little money left is there any facility for an appeal. The wife is housewife and does not have any income. Two children are young and still studying. I shall be grateful if someone could assist me in this regard.


raviraj
13 October 2010 at 10:20

e-payment

Can I make the e-payment of Income Tax through Bank of Baroda



Anonymous
09 October 2010 at 10:18

Tax on sales of agricultural land

Good morning ,

I . have bought agricultural land at maharasthra state in 2005. Now i want to sale same land. Will i have to pay any kind of tax on the sale proceed or am i exempted from tax

Please help me on it .


ramanncharyulu
08 October 2010 at 13:11

TDS- csi file not able to download

Sir,

TDs payment u/s 194c paid at IOB
by the assessee and challan obtained
from bank

while making payment assessee done
unexcepted mistake due to that
CSI file not able to down load to
file etds 2 qr return.

assesse marked as
"TDS/TCS Regular Assessment (Raised by I.T. Deptt.) (400)"

instead of

TDS/TCS Payable by Taxpayer (200)

now it is not able to down load CSI file
to file 2 qr e tds return

Please give ur valuable advise
to rectify the same.

Thank u
Raamanuja


Garima Sachar
07 October 2010 at 16:11

Refund of taxes

sir,
I have some refunds due on account of TDS,for which return were duly filed.When i check my tax refund status it says PAN not found.What should i do?


Thanx sir,
I have business income


Raghava
05 October 2010 at 10:29

profeessional tax

sir,
1. doctors are appointed as consultancies in hispital,can i deducted professional tax from doctors? and who is responsibility of pay the professional tax in this situaton?
2. doctors have own clinic inadditon consultancy,how much amount paid by doctors and when?
please give me suggestion


Garima Sachar
04 October 2010 at 12:47

TDS

Sir,
this is a very urgent issue.
my client has changed the name of company in feb 2008.But in all the returns TDS details contain previous TAN no. instead of new.Though payment was made rightly.A notice has been issued thereof for payment of TDS.Please guide


No, a new TAN NO. was taken as the business was segregated into two.Only TAN no. in return has been wrongly quoted but payment has been made correctly





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