How can TDS recovered on advance paid towards professional charges be adjusted/ refunded, on failure of contract and on refund of advance ?

Read more at: https://www.caclubindia.com/experts/tds-on-advance-payment-to-professionals--620920.asp

My daughter has received Lump Sum from her Ex husband in FY 17-18 . Please advise
1) Which ITR to use to report this receipt
2) In which head this should be entered in ITR
3) I have been advised it is not taxable from what I have read in net.


Read more at: https://www.caclubindia.com/experts/ask_query.asp

IF I HAVE PUT AN EXHIBITION FOR THE PURPOSE OF ADVERTISEMENT, DO I NEED TO DEDUCT THE TDS ON THAT AMOUNT.

Hello,
We received Form 24Q& 26Q to Chartered accountant...
we are not deducted TDS in salary..How To Reply Charted accountant To NIL TDS Return File.
Please Reply

I have made certain LTCG in last FY .form sell of long held Shares all of theme were sold before 1/1/2018, this tax exempt LTCG is to be filled in EI section in ITR2

My problem is I only have value of proceedings from sell. I do not have purchase data date and value and hence do not now costs. ( i only aware that most of these were acquired over years through POs , rights bonus, etc. in paper forms (old days were demat dd not existed)

seek advice for ITR filing. Thanking in advance

Dear sir/Madam,

My son is working in a Private Ltd company for which he has been receiving monthly salary. At the same times, he works/supports occasionally for direct selling firm during his spare hours for which receives commission which was amount of average 1000/- per month. TDS was deducted also while paying the commission. Now, the form 25AS shows, the salary details and its TDS and commission and its TDS.

Now, he wants to file his ITR. Though the Salary has been the main source of income, the inclusion of commission/TDS throw a confusion for selecting the correct ITR form for this assessment year 2018-19.

Kindly help him to choose the correct ITR form for filing his ITR.

Thanking you,

regards
raman.K

I have received my performance based payment pertaining to the year 2016-17 in the month of April, 2018 from my company. While checking the Form 26AS for the financial year 2017-18 (AY-2018-19) (as about to go for filing ITR), this payment was found accounted along with other details of the payment the financial year 2017-18. I have sent letter asking clalrifications from my company for this wrong accounting. But, so far no reply. However, I have been following it up.


Grateful, if you could give your kind advice whether the referred performance based payment is to be taken as income for the financial year 2017-18 or 2018-19 while filing my ITR.

Kindly advise at the earliest.

Thanking you,

regards
raman.k

MY FATHER IS A GOVT PENSIONER

HIS GROSS PENSION IS 366000
HIS INCOME FROM SB ACCOUNT IS 1912

THE GOVT TREASURY HAS DEDUCTED TDS OF 3549 FROM MY FATHER
ACCOUNT.

I HAD FILED RETURN ONLINE AND A REFUND OF INR 140 IS EXPECTED,

BUT MY DOUBT IS THAT
THAT SB INTEREST OF 1912 I SHOWED IN INCOME FROM OTHER SOURCES.
THE DEDUCTION OF 80TTA HAS NOT GOT EFFECT.

THAT IS THE REFUND AMOUNT MUST BE INR 140 OR (3549-1912) OR 1637

PLS CLARIFY

THANK AND REGARDS
SURESH

Hello Everyone ,

I am Non Resident Indian and US tax resident .

I draw my yearly salary from US and pay taxes here to IRS .

I have to file for a refund with Indian Income Tax dept thru ITR 2 for claiming my refund of taxes levied on interest earned on NRO account. I have below questions :

1) Do I have to submit ITR 2 and not ITR 1 ?

2) In the ITR2 , do I need to furnish details of income earned outside of India ? If yes , then what will be the relevant article of DTAA (Schedule FSI column f ) between India and USA that will help me avoid double taxation since I am a US resident.

3) Do I have to furnish my US bank account and related details in Schedule TR-FA of ITR-2 ?

Please help me by answering these questions.

Thanks in advance !
Shashwat

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?