This Query has 5 replies
Could you please answer below queries related to capital gain account
1. I have deposited capital gain amount in capital gain account. Now i want to start house construction. Do i need to get approval of Income tax officer before withdrawing money from capital gain account ?
2. The land where i am planning to build the house is a B khata site. BBMP does not issue building plan, completion certificate and occupation certificate for house on B khata site. Will it be an issue obtaining Income tax officer approval during closure of capital gain account ?
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hi ,,
iam doing business manufacturing RCC pipes....and iam purchased the material cement and steel for during the manufacturing can i claiming that the ITC is elgible or not eligible at sales...now iam paying double tax ....during purchase and sales also...
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Firm having the business of trading in S.K.Oil & having GST Registration for it.
The firm also receipts Rs. 14 Lakhs as godown rent apart from the sales of S.K.Oil.
Whether the firm is required to take separate registration for Godown rent or the one taken for sales of goods will be sufficient.
Further the firm is required to charge GST on godown rent in the case as the rent in firm than so left.
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HELLO SENIORS
I AM CONTRACT EMPLOYEE AND MY TAXES ARE DEDUCTED UNDER 194J 10 % DEDUCTION . MY TOTAL INCOME IS 174000 AND TAX IS DEDUCTED 17440
NOW IF I FILE ITR 4 I AM NOT SURE UNDER WHICH HEAD MY INCOME SHOULD GO , WHETHER IT SHOULD GO UNDER INCOME FROM OTHER SOURCES ?
IF IT GOES UNDER INCOME FROM BUSINESS DO I HAVE TO DO WORKING OF PRESUMPTIVE EXPENSES OR SECTION 44DD
I DON'T RUN A BUSINESS I JUST WORK AS CONTRACT EMPLOYEE .I DON'T HAVE ANY OTHER INCOME
PLEASE HELP HOW TO FILE ONLINE ITR 4
REGARDS
NIKITA SINGH
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Can govt employees can also earn income from insurance commission ?
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Hi, by mistake I filled my gross salary in Income under Salary col3 in Tax details of ITR-1.. (This figure was coming by default)
But now I came to know that we should fill net income under Salaries (point 6 of our form 16).
There is a difference of 1.5 lakhs. Will there be any problem?
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Mr X is not an Indian citizen though he is an ordinary resident in India for FY 2016-17 due to his employment purpose. He has his own cars and residential property outside India but he doesn't earn any income outside India. He has earned salary of Rs. 1.2 crores in India & thus he is required to file ITR 2 for FY 2016-17 (AY 2017-18).
His wife and child does not earn any income from India and are not Indian citizens.
Is he required to fill following schedules of ITR 2--
1. In sheet SPI-SI-IF, Schedule SPI : in nature of wife & minor child income
2. In sheet TR_FA, Schedule FA : in nature of foreign assets
3. Schedule AL : assets and liabilities (both current & fixed)
This Query has 3 replies
Respected Sir,
While filling up my ITR-1 online I find that in Sch TDS2 a particular Bank TDS deposit
against my fixed deposit interest is being shown less ( to the extent of TDS in respect to 1st quarter 2016-17 FD interest ) than what is actually deducted and shown in my AS26 and Form 16A (TRACES) issued by the concerned Bank .
may I change the amount shown in Sch TDS 2 in ITR- 1 shown against that particular bank or add the differential amount in the Sch TDS 2 in another additional line.
please suggest and oblige.
With Reards,
Yours Sincerely
Asim Kumar Das
This Query has 1 replies
Dear sirs / Madams I am from Telangana,I have a problem.l have taken firm pancard in last 7 years back.pancard process everything seen my relative that time.now he is not available.my problem is while applying firm Pancard compulsory partner name and partnership deed ensure that pancard saying every one. So my problem is we don't know who is the partner and partnership deed copy on that pancard.recently we started small business on that Pancard name.now problem raised for GST enrollment and income tax filing process u must submit the above copys. how to find the partner and partnership deed copy. and one more dought is I am thinking storngly on that firm, last when we are applied pancard we didn't mention partner and partnership deed.it is possible.
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Capital gain account