I had filed my ITR 4S for AY 2016-17 showing income from legal profession Rs. 4,22,400/- (Out of total turn over of Rs. 7,68,000/-). Now I have received a notice u/s 139(9) stating the ITR as defective and instructed me to file revised return. What should I do now ? I did not undeestand.
My employer has shown my 80/D deduction under wrong head. Instead of showing it as health insurance It is shown as HBA interest.
How may I file ITR?
Shall I have to face any probem in future while claiming HBA interest when I buy first home actually as it will be my second home as per form 16?
Sir.
I have filled itr online but sent ITRV after 120days to CPC Bengaluru, Now status of ITR is ITRV filled after due date what i have to do for same
Thank you
One of my clients have purchased from me machineries on different dates billed for Rs. 1.50 lac, 1.25 lac & Rs. 1.7 lac. He paid me cash rs. 1.50 lac, 1.25 lac & 1.7 lac on different dates. Whether the said cash receipts are liable to be penalised U/S.269ST
We as biological parents have transfereed the title of our flat (Purchased at Rs45 lakhs in 2009) in the name of our daughter in Dec 2012 through a registered deed of settlement She had in turn given us the General Power of Attorney to do several things on the flat including renting it and even selling it on her behalf The GPA was also registered duly Our daughter was an NRI since 2002 and settled in the USA with her husband and not employed in US too. She has a PAN but not returning any tax return being unemployed while in India before marriage and also in the USA after marriage The rental income since 2014 is hardly Rs11000 PM and as PoA holder I receive this in the joint account.She has become a US citizen in April 2016. Her Indian Passport has become invalid post her renouncing Indian Citizenship She wants to dispose this property now. Whether we the GPA holder sell the flat on behalf of our daughter and after paying LTCG tax of Rs3 lakhs (10% of Rs30 lakhs CG Rs75 lakhs less Rs45 lakhs being the cost incurred by us) using her PAN ,whether we /she can repatriate the balance proceeds to her US Bank account? Is the LTCG is Rs30 lakhs or is it Rs75 lakhs? ( being settled free in our daughter's favour without any consideration)
Hi,
TDS certificate (from TRACES) is made available only once final? Or is updated as and when TDS collected is deposited?
TDS pertaining to PY, deposited in some future year will be updated in TDS Certificate of the PY itself? Can we take refund of such TDS? How?
Hi ,
Recently I brought an under construction apartment. The contruction is supposed to complete in Dec 2017 which is when the registration will happen.
I also came to know about the TDS needs to be paid for property > 50 L and mine qualifies for the same.
I had paid my previous installments ( bank to builder) without deducting the TDS ( 1%) . In this regard, will it suffice if I deduct the entire TDS at the time of the registration? Please help
Regards,
Edsel
I have been receiving mobile tower rent from Air Tel @ 10,000/- p.m.. But the tower installed on the land/building is my ancestral property having only 1/3rd share of myself. But the said property is not partitioned yet. But the tower rent is received by me only.. May I show the rental income in my IT Return ?
While doing self assessment tax submission, by mistake challan 286 is selected instead of challan 280. Please help in solving the issue.What all I have to submit along with the letter to tax officer.Please help to write the letter to tax officer.
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Income from legal profession during ay 2016-17