Sale Value of Vehicle is Rs.485000
1st Cash Receipt - Rs.61000
2nd Cash Receipt - Rs.424000

1) Should TCS be collected on 2nd cash receipt alone as Cash receipt is >2 lakhs
2) Should TCS be collected on the total cash receipt

HI,
I want to open current account for my proprietorship firm, for which i went online and registered for professional tax, as i had used my pan card number professional tax certificate was made in my name. below are my queries.

1) Can I register for professional tax in name of my proprietorship firm? if yes then what documents i need as i dont have any document in name of proprietorship firm?
2) I have paid 2500/- online for professional tax on my name can, is it possible to transfer professional tax certificate from my name to my proprietorship firm?

Thanks
YB

Dear Experts,

I am a LIC agent earning a commission income of around Rs 4.2 Lacs. Which ITR is to be used for the AY 2016-17.

Please

I s there any provisions in any law or government scheme that if a regular income tax return filer met with an accident and died and his family is eligible for death claim from government on the basis of his income tax return filed.

Can I efile my Income Return of AY 2014-15 now, as I have to Claim IT refunds, which was not known to me earlier.

THERE IS A CLIENT HE FILE ITRV AND HE DINT SHOW SECTURITIES LOSS OF 350000 AND THE TRANSACTION WAS OF 3 CRORE.NOW HE GOT A NOTICE FOR CLARIFICATION..AND ALL THESE WAS OF AS YR 2014-2015...PLZ HELP....HE WAS INVESTOR....HE SHOW HIS SALARY INCOME AND OTHER INCOME IN ITR....PLZ HELP EXPERTS.....

Transaction was done for AsYr 2014-15 and there was loss which dint show in ITRV now they send notice for clarification... Plz suggest what reply I make..

Hi All Expert.

I have Received Notice from Income Tax Department for non filling of Return for AY. 2014-15. I am a salary Person.
I am Prepare ITR1 and it coming refund, and try to upload on Income Tax Site, but it is not uploaded due to date has expire.

Kindly guide me how to file the said AY return and how to reply for the same notice.

Thanks

I am already having a house property in which my share is 50%. Now I have sold another land from which I have earned long term capital gains. Please suggest me if I invest this long term capital gain in a new house property of which my share will be 100% and can I avail Capital gain exemption?