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.

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!

I am Indian passport holder and a retired bank officer.

I stay at Toronto Canada on visitor visa since March 2016 and shall be reaching Ahmadabad on 16th Jan 2017.

I have 25000 RS currency notes to be exchanged which I shall be carrying with me

Kindly guide me whether I should submit ANNEX I or ANNEX II REFERRED IN RBI LATESTNOTIFICATION OF DEC 2016

I LOOK FORWARD FOR YOUR GUIDANCE

VINOD DHANAK
TORONTO

Respected Sir,

After completion of repairing party gave single invoice which is including accessories and labour charges.

Accessories Rs. 48000
Labour Charges Rs. 8000
Total Bill Amt. Rs. 56,000

Now my query is Tds is to be deducted on whole invoice amount or only in labour charges?

Kindly advice in this matter.

I have received payment from LIC for a investment policy for which I was paying premium every year. This payment cane in 2015-16.And I am submitted ITR foe this year already but did not declare this income.Is there any way I can amend this now .

I am an Indian Resident. My daughter married to a UGANDA ( S.Africa ) based Indian boy in the year 2014. ( 2 years). She is migrated to Uganda. She was having her bank account jointly with me. So far no Income Tax return is filed as her Income was not taxable. She is working as well as practicing there as a phisyotherapist doctor.
Queries
1 Can I operate her existing S.B. account in her absence?
2 Can I deal in the Stock market on her behalf and do the financial transactions in her account?
3 If she comes to India for a short period, can she open a new bank account jointly with her husband? If yes,which account is to be open ed?
N.R.I. / N.R.O.
4 Whether that account can be operated by either of me or my wife?
5 Whether she has to declare her Income there or in India ?
6 Her income is still not taxable in India but may be taxable there in Uganda.
7 Whether her return can be filed here – ( nil return ) .
8 Will it be any consequences in my income tax account?
9 So far she has not transferred any foreign currency in India. What to do if she wants to transfer it to India. Wher can she transfer the fund in
India? NRE / NRO Account ?

Dear Expert,
One of my client carrying business of Beer Shopee. He has filed IT return for last 3 assessment years for getting Housing Loan ( Construction of House ). Now, I have question that, Can he get loan from Bank for construction of house based on his business ITR or not?

i wanted to apply for partnership firm pan card, can it be delivered at home

reason i am asking is that although we have taken the place on rent but we have not started the work (pan card may not get delivered due to unavailability of anyone)

Dear All,

My Name is Sandip Sawant & i'm Indian but Non Resident in India for last 4 Years & i did't filed Income Tax Return.
I have purchased property of Rs. 75 Lakhs and till date i have paid approx Rs. 52 Lakhs slabwise payment. I did not know about TDS on immovable property & till date i didn't pay TDS on the property paid value. Recently i have received income tax notice about the unpaid TDS & 26QB is not for NRI.

So, please guid me about TDS & interest on immovable property.

Thanks & Regards
Sandip Sawant

my brother is a tax payer
he is state govt. employee every year they submit form 16 to his employer and if any tax payable then it will be deducted from his salary in next month , till now he was not filed any e return , today i regd. his name for e filing and downloaded FORM 26 AS from TRACES website in that form it was showing that my brother has received income under section 194 B i.e., LOTERRY , CROSSWORD PUSSLE ETC., and corresponding tds was deducted but actually he was not received any income he has only salary income and in another relative case he was also govt. employee and paying tax in form 16 but in form 26 as all colums were showing nill
why ? please help me with above both issues