During financial year 2015-2016, I had sold a plot of land, which was purchased by during FY 2011-12, I had incurred net loss on the same after applying indexed cost of acquisition.. While filing my IT return of AY 2016-17, I did not reflect the above in the IT return. I e-filed my IT return during Sept.2016. But subsequently, during Feb.2017, the purchaser deducted 1% TDS on the sale value of land, which was only learnt by me from Form 26AS. As such, please advise me what should I do now ? Whether I should claim refund of above TDS in AY 2017-18 ? And If I claim refund now, whether question will arise as why I did not reflect the long term capital loss on the IT Return of AY 2016-17 ?

I dont have Adhaar card
can i e-file my incometax return for a/y17-18 without adhaar card

can we opt section 44ada for income from accounting.

Hello Expert,
My father -in-law is a retired X.En. of govt. of rajasthan, now he have joined a NGO as a technical consultant. As a technical consultant, in what section his income is taxable? which Income Tax Return is specified for this type of income?

Thanks

I am a private company employee and on company's instruction, I went to Dubai and worked their for more than six months. I received salary in Dubai there for more than six months in foreign currency. Whether there is any special rule regarding taxability of the said salary income ? Is there any benefit of income tax in India ?

TDS RECEIVABLE ACCOUNT DEBIT OR CREDIT

DEAR SIR,

i have GSTR1 Submit for Dece 2017 . for B2C only. there are 3 invoices but my mistakly submit only 1st invoice , now pendint next 2 invoices. what i do. or .can i will be pay heave panelty like Rs 200 per day or liabilty only. and i have submit GSTR3B all return. please sujest me.

Sir,

1)we have taken car loan from Kotak Mahindra Bank and we are paying EMI ,
Is tds applicble on Interest paid

2) And also we have taken unsecured loan from Aditya Birla Finance ltd /Bajaj Finace ltd
We are paying interest along with principle monthly Is tds is applicable on Interest
Please advise

Thanks

Geetha s
Vedik Ispat pvt Ltd
Bangalore

Hello Sir, I know about 2% TDS on insurance maturity u/s 194 (A).
let me clarify
How much tax should be payable on such case of maturity?
What kind of income it is called?
Why the whole amount of maturity (including Sum Assured/premium paid for policy term) is to be shown as income of requisite FY?

Thank you in advance.

I am having income from pension for Previous year 2015-16 approx RS 280000 and tds is deducted on the same value,
whether it is mandatory for me to file the return of that previous year 2015-16. Is there any notification or circular regarding this issue as TDS is deducted by my employer and i have no other income.

please suggest as i received income tax notice regarding filing of return.