I am in 10% bracket. I have some income from LTCG from debt fund. LTCG tax at 20 % after indexation is applicable . since i am in 10% bracket I will have to pay lesser tax if I can include this in my income from OS. is it OK?
I have made profit in frst two quarterstaves and loss in next two STCG page demands filling quarter wise information but the utility do not accept negative values. what should i do
Hi,
We have sold a plot in May 2018, we inherited this plot via Will, but this plot was not diverted, so I am not sure whether it is residential or commercial. With the sales proceeds I would like to buy a residential apartment/Flat either 'ready to move in' or under construction. I would like to know how much time do I have to buy the apartment before I am charged long term capital gains tax.
Do I need to show this transaction in my IT return for the year 2017-2018.
Please note that I already have a house on my name but this one will also be sold within one month and I will combine the sales proceeds from this house and the plot mentioned above to buy a new apartment.
Thanks
I am received Dividend 25 Lacs from very us mutual fund company, financial year 2017-18 now this income is exempted or pay income tax 10 % section 115BBDA
If this income is exempted in ITR 2 whare this in come show in return
I want to link my pan with Adhaar
Can i link it without logging in income tax site
Secondly there is a difference of space in first name and middle name in Adhaar and pan card(There is space in pan card between first name and middle name but in adhaar card first name and middle name is joined
Will i face problem in linking it
whether we have to show profit/loss on the basis MTM on 31-3-xxxx for open position we are holding on balance sheet date. i.e if we are in buy position of ex.20000 shares (i.e. we already sold the share we didn't have) and on th basis of MTM (on 31st price) we are in loss of to say Rs.-300000. whether i have to treat this loss/profit in my ITR. since loss or profit are not actually realized.
thanks in advance
If senior citizen have rs. 60000 interest from saving account, then deduction 80TTA rs. 10000 + 80TTB rs 50000 available or not? for A.Y. 2018-19
Hi there,
I am an office manager of a foreign subsidiary (b2b). I do not have background/understanding in/of accounting and tax. Please help.
My managing director wants to check with some accountants/tax experts in India to understand the following:
1. Legal and Tax efficient way to remit profits made on sales, from India to overseas.
2. Of the following DTAA which would reduce withholding tax? i) France India DTAA ii) Singapore India DTAA iii) Dubai India DTAA and iv) Mauritius India DTAA.
Thank you
VRK
Sir,
I had normally filed my ITR-1 for AY 2017-18 for a tax refund of Rs 170/-. The AO made a mistake and adjusted the tax refund against an old tax demand of Rs 528/- pertaining to AY 2009-10( which was already paid and was already visible in FORM 26AS of AY 2009-10). I immediately filed rectification request with the facts. But when no reply comes even after months, I filed a query for AO. No answer for a month, I files another query to AO for correcting the maistake and paying me the refund after processing the rectification request pending. Then I get a mail message from ITO, Ward 68(2) informing that the tax demand of Rs 528/- has been cancelled, but no refund was send. In fact the demand was made 0, but the adjustment of tax refund against the wrong demand was not corrected. I again send query pointing out the mistake and request for refund. The query was forwarded to CPC, saying that they will give refund. But CPC replies that there is no refund due ( since adjustment was not corrected by AO). I spoke to CPC, and they said refund will be sent by ITO. I again raises a query, and again ITO forwards to CPC, and they again reply that no refund is due.
Sir, please guide me what should I do now. Should I file another rectification or contact whom for refund.
With Regards,
S K KAUSHIK
KAUSHIKSKMK@GMAIL.COM
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Ltcg debt fund