Asif Alam
04 October 2015 at 20:55

Last date of tds -q2

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



Anonymous
04 October 2015 at 16:33

House property section 54

I purchased a flat in may 2005 and sold it in oct 2013. And hence re invested the sale proceeds to buy a residential flat in dec 2013.
But in 2011, I got a apartment under a will from my father after his demise.
So do i qualify for section 54 exemption from one residential property to another.

and then I have not shown the details of sale and re investment in my tax returns.
But now do i need to show it or is it so since I'm owning more than 1 property at the time of sale- exemption cant be obtained?

please guide me here.



Anonymous
01 October 2015 at 16:26

Unclaimed tds for ay 2012-13

HELLO EVERYONE
I WANT TO FILE I T RETURN FOR AY 2015-16 HAVING CLAIM OF UNCLAIMED TDS OF AY 2012-13 WHICH WAS NOT CALIMED IN THE RETURN OF AY 12-13. AT THE TIME OF FILING OF I T RETURN OF AY 12-13,THERE IS NO TAX CREDIT OF THE SAME.
BUT AS ON TODAY,IT IS SHOWN THAT TDS IS CREDITED TO PAN ON 29/01/2015 AS PER 26AS OF AY 2012-13.
THE HOW CAN I CLAIMED THE UNCLAIMED TDS ?
PLEASE SUGGEST THE PROCEDURE.


Tanvi Chauhan
30 September 2015 at 19:50

Incone tax

Plz confirm is there any finalization for extention of date of efilling return?



Anonymous

Dear sir,
I have bought a Flat in the year 2011 through SBI HBL. Now I have sold a land properties having capital gain nearly Rs600000.
If I repay all of it to my HBL account(outstanding loan amount Rs 2000000), can exempted from long term capital gain.
Also please instruct me for other scheme for exemption from long term capital gain


CA Mandeep Singh
24 September 2015 at 16:50

Business in india from usa

We want to start a business in india and for that we are ready to invest $50000 and $100000 will be given by an american citizen so what should be the exact root for the funds to be recieved in indian business from USA?

one more thing to be kept in mind is that american citizen prefers to invest in an american entity for being safe
and then he (american citizen) wants that
that american entity will then invest the funds in india
now question is what should be the root for the investment by that american company in india.


Vikas Gupta
26 August 2015 at 18:24

Nature of businees code in itr-4s

One of my friend is engaged in the business of plying an hiring of heavy goods vehicle (Nature covered u/s 44AE) and books are not maintained by him. Actually he is not a transporter rather he has two vehicles during the year both of which are engaged in loading and unloading goods of a company.

While filing ITR 4S for F.Y. 2014-15 what should be the relevant code for nature of business as listed in third sheet ('Non BP' sheet)in ITR 4S.


shajahan

Hello Sir,

I have submitted my returns for AY-2015-2016. But the same way, I haven’t submitted for last 4 years returns (AY-2011-2012, AY-2012-2013, AY-2013-2014, AY-2014-2015).
I came to know that, we can submit last 6 years and get the Tax refund. But I couldn’t able to do it online.
Please guide me on the same.


RAHUL TANAJI ZAVARE

I want to know whether do we need to put the bank account number of minor in parents Income Tax Return if the income of minor is clubbed in the hands of parents.
Also, clarify what will happen if income to be clubbed is less than Rs.1500/- & above Rs. 1500/-


shobhit

Dear Sir,

while going through my previous ITR 1, I observe that the value of taxable perquisite i.e. interest free concessional loan amount is first shown as taxable part of salary, after that it is added with sec 24 (b) income from house property which results in increased house property income...

another view is that interest free concessional loan is first added in salary then deducted in house property income as it increased the negative self occupied loss from house property.


i want to know the connection of interest free concessional loan with sec 24 (b) of house property.

or simply

if i am having interest free loan perquisite and paying interest on housing loan then what is the treatment of these things in ITR 1
thanks.






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