There is new column in Sch TDS2 in ITR1 .Amount which is subject to tax deduction [Col(3)].
What is to be filled in this column.
Thanks
I am dealing in sale of sim card and recharges vouchers of various companies to my customers. My gross profit on sale is 2 to 3%, but my turnover crosses Rs. 1.00 crores in a year. Whether I will have to declare my income U/s. 44AD @ 8% on sales, if I do not maintain any accounts.? Please guide me accordingly .
My Client's husband passed away but she did not receive any pension for next 33 months. Then she was given pension in lump sum for 33 months. How can I calculate tax on it. Also, is there any relief which can be claimed as it does not contain any arrears relating to pay commission?
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?
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Itr1 sch tds2