mohd.shahzeb
17 February 2017 at 13:48

Deduction U/S 80C

I have made investment in F.D for claiming deduction u/s 80C on 18.03.2016 but due to some problem bank made FDR on 1.04.2016 although the debit in the account was on 18.03.2016 and it is duly reflecting in the statement. So please suggest me can I claim 80C deduction when amount debited in my account on 18.03.2016 but FDR was made on 1.04.2016


Guest
13 February 2017 at 16:16

Income Tax Return

An aseese is now being aware about his Last 3 years(From 2013-14) TDS deduction,and the assessee want to get refund the tds by Filing ITR as nil return by taking new Registration in income tax site , is it possible to get refund ,or have to pay Penalty and Late fee???


Vatsal
11 February 2017 at 19:20

Pt,Pf

What is the due date for payment of pf,pt,esic?



Anonymous
09 February 2017 at 16:34

Explanation for cash deposit

I am a retail trader of sanitary items. On 01.04.2016. I had a cash in hand of Rs.13,24,000/-(already reflected in my IT Return) During the period 09.11.2016 to 31.12.2016 I had deposited cash Rs.31.00 lac in my CC a/c, including Rs. 6,29,500/- deposited on 13.12.2016 (for which explanation has been sought from my by IT deptt.)
During the said period my cash sales was around Rs. 21.00 lac.

Opening balance on 01.04.216 = 13,24,000/-
Cash sales during 9.11 to 31.12.16 = 21,00,000/-
Less: Cash deposited during the
said period = 31,00,000/-

Personal drawings = 1,00,000/-

Hence, Cash in hand on 31.12.16 = 2,24,000/-

Please guide me as how should I fill the Explanation Sheet ?

Neither any cash withdrawals from banks nor any cash purchases by me.


Sanjay
09 February 2017 at 00:28

How to get agriculture income in my name

Dear Sir
I am a professional. I also have agriculture income. But the land is in my father's name. How could I take agriculture income into my balance sheet.
Kindly suggest me.

-Sanjay



Anonymous
27 January 2017 at 19:02

Hose rent allowance exemption

My total salary received during the financial year 2015-16 was Rs. 12,76,000/- (including House Rent Allowance of Rs.2,35,000/-). I had paid Rs.99,000/- as house rent to my landlord during the year. I am residing and doing job in Noida, UP. How much exemption I can get against House Rent Allowance ?


padmanabham
19 January 2017 at 20:45

Gift deed

I am a retired employee who likes to make a cash gift to my wife.what are the terms and conditions in respect of the gift deed and relevant tax provisions for the above.whether gift deed to be registerd or not if so what are the rules please.



Anonymous
19 January 2017 at 12:24

House rent allowance - 10(13a)

A employee receives HRA for his employment in Chennai amounting 24,000.
He stays in Chennai and Pays Rent of 12,000.
He also kept his few belongings in Bhubaneswar with his Parents and Pays Rent of 20,000.

Can Rent paid for his accomodation in Bhubaneswar be considered for claiming HRA tax benefits as this will give additional tax savings.


SUSHANT KUMAR
11 January 2017 at 20:18

TDS

Hello, I want to ask a question... as one of my friend is engaged in the business of Providing Security Service in mines, he has not filled the return for the A.Y 2012-13 & 2014-15 and T.D.S has been deducted for such A.Y amounts to Rs. 60,000/-. As he wants to refund that T.D.S amount now. What is the process to recover that T.D.S amount. As I know filling of return is time barred for such two A.Y. kindly give suggestions regarding the matter.



Anonymous
09 January 2017 at 10:47

Itr for ay 2016-17

Hi There, i am salaried person however my taxable income is less than the tax limit and i got TDS deducted on my FD. I forgot to file my ITR for AY 2016-17. Please let me know if i can file it now. My ITR would be tax refundable. Please let me know if i can file it now, if yes under which section it will be filed ( on or before due date or after due date or any other) and will there be any negative impact on my profile. Thank you so much for your help!






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