nishtha dhawan
14 January 2018 at 15:37

Tax planning

FD rate and savings bank rate of interest is almost the same these days . From tax implication point of view which is more advisable ?



Anonymous
12 January 2018 at 10:26

Itr v not submitted

I had already sent my ITR V to CPC during Nov.17 for AY 2017-18, but the same has not yet been received by CPC. Same is case for many clients. If I sent a scanned copy ot rhe ITR V to CPC, whether it will serve the purpose ?


Anuj Agarwal
08 January 2018 at 11:30

Deduction of sbi life insurance

Hello
I paid SBI Life Insurance Premium 3000 Per quarter . But Insurance company Offer if u pay rs 19255 you will get rs 21000 within one month ... so how it will effect in income tax retrun and on 21000 i will pay full tax or 21000-19255=1745 on tax ...and 21000 will added to my capital full exempt of rs 21000 form income tax



Anonymous

kindly let me know difference between religious and charitable trust as per income tax law.


Hasan Miyan
06 January 2018 at 17:35

July input credit

Dear sir/madam,

I have started new business in July month by purchasing goods with GST and in July month applied for GST but registration approved by department on 3rd August
When was going to filing GSTR 1 for July month but my GST portal showing from August month
My concern is how take input credit of July month
Whereas my vendor filed their GSTR 1 for July with my respective GST no.
Please provide solutions


tikamchand paliya
03 January 2018 at 18:03

Tds rate

Dear Sir,

We making payment of 51920.00 (44000+18% IGST) to NABL (National Accreditation Board for Testing and Calibration Laboratories) for Survillance Certification Charges valid upto one year.
Please guide me for TDS Rate & nature of transaction of TDS deduction.


Amit Zala
14 December 2017 at 21:41

Query regarding tds on sale of property

Hello Sir,
i have one query. i am in very much in tension.
Recently i bought a property and for paying 1% TDS. i filled up all the details in form 26QB then it redirected me to bank website and there some for apeared.
to enter amout it had various options,
1.Income Tax
2.Surcharge
3.Education Cess
4.Interest
5.Penalty
6.Others
7.Fees
from above options i entered amount in fee box and i paid amount. transection completed successfully and i got challan receipt. but even after 3 days i am not able to download 16B form.
later on i saw on webpage there is note written that you have to enter amount in Income Tax box.

so, can you help me what shold i do now ?
is my money have gone to TDS or somewhere else ?
is there a way to fix or cancel the challan ?
can i get my money back ?
bluring details for privacy.
Many thanks in advance.



Anonymous

Dear Sir,

One of my Friend is a business man (proprietor), he is staying with his father and he had purchased residential property for which he is taking benefit of housing loan interest (earlier as he had not let out this property but was using for resident - in week end). Now he want to start his MSME business activity on his own place, can he claim rent expenses from his business? If he show rent income in his personal IT return, what benefit will he get? - Income on house property will still continue and 1/3 rent income can be claimed as expenses in his personal it return?

Please guide us with proper IT sections under which both the benefit will be available. Thanks in advance.


TEDDU
14 December 2017 at 10:52

Tds @20% if pan not provided

I AM AN LIC AGENT AND I DON'T HAVE A PAN NO. ALTHOUGH I HAVE APPLIED FOR PAN CARD.
HOW CAN I SAVE MY TAX.I AM NOT DESIROUS TO PAY 20% TAX.
PLEASE SUGGEST


Prakash Rao
09 December 2017 at 04:21

Capital gain

My brother sold his residential house in the F Y 2015-2016 and calculated capital gain Rs 650000.My qtn is whether he can availBasu exemption of Rs 250000 since his annual income is Rs 54000 and also he is senior citizen and pay the tax I.e 650000-250000 and pay capital gain tax @20Pl suggest






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