There is one vacant land in the name of husband and wife. It was purchased in FEB2003.If sold during the year, can the capital gain be apportioned to both husband and wife equally;invest the gain in approved bonds to claim the exemption. Can both invest Rs.50 lacs each to claim the permitted exemption. Or is there any maximum permissible amount to be be invested out of one property
(Since there is maximum cap of Rs.50 lakhs)

whether courier franchiseee is liable to pay service tax

During financial year 2014-15, I had a total turnover of Rs.90.00 lac in retail trading. In addition, I had earned a commission income of Rs. 5.00 lac U/S.194H. I want to know whether I can declare my income U/s.44AD on turnover of Rs.95.00 lac or not ? Or should I show the income on 90.00 lac U/s.44AD and commission income separately : Please iadvise me.

Hi Expert,

My Name is Prasad, I working in a Software company, which is Private Limited. We are offering Private Medical insurance to all employees, those who are not covered in the ESI. Recently I admitted in hospital on sick. That time I want use the company providing insurance due to not renewal my insurance by HR Dept. I am not able to use the claim. I paid my hospital bill.

Please let me know should I eligible to get reimbursement from my Company in the scenario of providing the Medical benefit to all employees by my employer?

If Yes, Please send me relevant act/documents to forward my employer.

Thank you in advance.

I have a total income around Rs.10.00 lac. from the house property. In addition, I have purchased 2 buses after bank finance and the hire charges are received from the bus (run in school). If i claim depreciation on the buses, there comes net loss from the hire charges income. Whether this loss can be set off against the income from house property ? Or it is better not to claim depreciation on the buses during 1st year ? Please advise me .

I have received a letter in October 2015 from IT Dept. asking a reason for non filing of return for A/Y 2013-14.

Situation was in F/Y 2012-13 (A/Y 2013-14)-
1- I employed in a co. from 01/04/2012 to 15/12/2012 and was getting salary after deducting TDS by the co,
From 01/01/2013 i went to US for higher study, so there was no income for that period i.e. from Jan 2013 to March 2013.

2- there was Short term capital loss from trading of shares in F/Y 2012.13.

now i want to file ITR.

Problem-
Under which section ITR -2 should be filed?

Hello. I am doing a show soon and my budget was just 60K they gave me two options either to produce 2 bills or to pay TDS 10%
I told I am giving you two bills and two bills should be from some different people.
Please tell me what's the benefit if I pay TDS.
I am a musician and I do shows frequently. So, need the guidelines the benefit of it.

Please guide me

I had efiled my IT Return for AY 2013-14 on 11.12.14 claiming IT refund of Rs. 54,870/-. The said Return was processed June,15 with less refund as claimed by me due to the reason that 26AS showed only part of the TDS. Only after June,15, the entire TDS was reflected in 26AS. Now, what should I do to claim the remaining TDS refund ?

Dear all,

Vendor has crossed limit of 32461 u/s 194J
invoice date-18-8-2015
Payment date-23-9-2015
we received 2 nd invoice of rs.7200 dtd 18-9-2015 and i will deduct tds from second invoice of rs.3966 (include above tds)and deposite on 6th oct 2015.

Dear all pls suggest me how to calculate tds interest on that.

We had not deducted as on 30th September any TDS. But deducted on 1st October. I shall make deposit before 7th October.

My question is whether I should upload return for Q2 "including the amount being deposited on or before 7th October" ; see the tds deducted on 1st October only.

Please reply. MY email alam330@gmail.com