Sir/Ma'am,

Please explain me the purpose of Investment Declaration Form.

Should it be submitted for every quarter or at the end of every financial year?

when should Investment Declaration form be prepared?

Hi All

Please explain me how to fill ITR 2 returns. I have no idea how to fill in excel. Infact that excel is not allowing to open the macro codings. Should I go to income tax office & file the return? Income less than 5 Lakh.

Please advice.

From my salary TDS was deducted in 3 different TAN but while entering in ITR i had entered only one TAN no so now they had sent demand notice. How to rectify that?

I purchased one vacant plot ( 130 dec/ 1.3 acre) located under municipality in the year 1989. I am sr citizen and now wants to dispose off the said land. The estimated amount will be around 45 lakhs. Though Govt valuation is around 70 lakhs. do I have to pay any wealth tax ? I know i have to pay long term capital gain tax. If I have to pay how to calucate the amount. Shall appreciated any can guid me.
regards

I have income from salary, loss from house property and loss from profession (Business consultant).

With the information given, can any one guide me, if i can set off loss from house property and loss from profession against income from salary.

Thanks in advance

i have efile my return for ay 2012-13 but still not recvd refund the staus of refund is showing blank itrv has been recvd return staus is showing processed i have call in call centre for refund the phone is always busy is there email i can send to them to know the refund status pl help what to do to get refund

i have efile my return for ay 2012-13 but still not recvd refund the staus of refund is showing blank itrv has been recvd return staus is showing processed i have call in call centre for refund the phone is always busy is there email i can send to them to know the refund status pl help what to do to get refund

Hello Experts,

While paying my self assessment tax online for FY 2012-13(AY 2013-14)of Rs.589/-, I have wrongly selected the AY as 2012-13 in the challan wherease it has to be AY 2013-14. I have to yet file my return for AY 2013-14. How should i rectify the assessment year in the challan

OR

Should I pay again the amount by selecting correct financial year. And if I pay again then what about the refund of previous amount already deposited.

Request you to give the response at the earliest.

Thanks & Regards

I have both short term and long term capital gains from sale of units of Fidelity Equity Fund (during the one month open window period when Fidelity Equity Fund was being taken over/merged with L&T Mutual Fund). Now LTCG should be tax-exempt on the sale of the equity units and the STCG should attract 15%. This is provided Securities Transaction Tax has been paid. Am I correct?

Now, during the open window period, Fidelity re-purchased the equity units without exit load. Fidelity also bore the Security Transaction Tax. Hence, Fidelity bore the Security Transaction Tax and not me. Does my not paying the STT but Fidelity paying the STT, change the situation?

Even if Fidelity paid the STT, LTCG will still be tax exempt and STCG will attract the usual 15% for me. Is this correct? Thanks.

I have recently started a business of Indian handicraft trading. I buy the products from an artisan and sell it to my clients online via facebook.

All the payments are credited to my bank account and all the expenses are paid either via NEFT transfers or via cash.

Recently I have got few international orders as well.

I wish to know what all accounting records will I have to maintain so that at the year end my bank account can be reconciled with my sales and expenses and the profit can be shown in the IT return? Please let me know the supportings also which I will have to attach with the invoices.

Also For the international order, I wish to know that is it compulsory for me to apply for IEC code?

Is there any way by which I can send the products without IEC code because as of now the business has recently started and I am not sure if I will get regular international orders or not, so I feel applying for IEC for two or three orders will result in a lot of paper work for me.

Your expert opinions will help me a lot.