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?

where will i get form 16

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.

We are manufacturer of Gram flour, Peas Flour & Rice flour (Tax exempted goods). We are currently supplying within state limit and we don''t do interstate business. Most of our buyers are small shopkeepers or sweet stalls who don''t posses TIN nos. In this case,can i raise a cash bill in name of buyer for the goods purchased without mentioning his TIN no.Kindly advise.

I have been efiling my IT Return since many years showing my business income u/s.44AD. This financial year FY 2016-17, I have sold my house for Rs.20.00 lac which was purchased by me long ago. After applying Indexed cost of acquisition, there is no any capital gain. Is it compulsory to show this transaction in my ITR ? If yes, which ITR should I use ? And how to show the nil LTCC ?

My total Turnover is Rs.27.00 lac during the financial Year 2016-17. Out of which, I have received Rs.25.50 lac vide cheques and 1.50 lac remaining receivable..May I declare income @ 6% on Rs.25.50 lac and 8% on Rs.1.50 lac u/s.44AD ? The outstanding amount of Rs.1.50 lac has been received by me in April,2017 vide cheque.

A bought a flat a decade ago. Less than three years ago, he gifted it to his two sons in equal shares through a registered gift deed. Stamp duty was paid on the prevailing market value. Now sons want to sell it. What would be the value to compute capital gains tax? The price at which the father had purchased or the market price at the time of gift deed as reflected in the registered gift instrument?

A gifted his residential flat in urban area to his sons B&C. Now B&C want to sell it. On what amount capital gains tax will be paid? The amount on which tax registration fee was paid? or The cost of purchase by A? Would inflationary deductions be available in both scenarios?