I have received a compensation of Rs.3,14,402/- from National Insurance co. against a accident compensation. The said amount includes Rs. 1,59,819/-as interest (on which ITDS of Rs. 15,982/- has been deducted). The above compensation relates to permanent disablement. Whether the above amount is taxable ? And where to show the above in ITR 4 for AY 2015-16 ?

Mr X maintans books on cash basis. He earns professional income. He wants to make a payment amounting to Rs. 120000 in the year to a single party as professional charges in relation to his own business. Can Mr X get away without deducting TDS just because he is maintaining books on cash basis ? If not, there any other alternative way for him to get this expense allowed without deducting TDS?

SIR / Madam, pls adv, do i hv to show HRA & Medial reimbursement amt in 24Q (as sly to employee) but i cant find allowances clumn and HRA deduction clumn in 24Q

or do i hv to show nett nett TAXABLE amt in 24q (after deducting HRA / Medical / PT) amt in 24Q

Kindly revert.

Thanks in adv for attaining my query.

Deepak Narwani

if a company bill of Rs.33205, on that amount service amount is Rs. 2900/- & service tax amount is Rs.4205. In that case Rs. 30,000/- clause applicable or not

If a download and print ITR 4S of AY 2015-16 in black & white and submit the same manually in IT office, will it be acceptable ? I mean to say that I do not have facility to print the same in colour.

I have received a notice(Compliance query) from Income tax return for Non filing ITR, What to do? How to file the compliance query response?

Hi,

Can an individual open seperate bank for receiving donations and then contribute the total donation amount received to the respective fund/NGO

Dear sir/mam,

I am a builder ,mostly I make my payments to vendors and material suppliers through check and A/c Transfer only.where in few cases those who doesn't accept for A/c transfer I am paying in Cash
Recently a person Supplied manpower and some Building Material for a work
while the time of payment he said to transfer in his Bank A/c. So,I have Done A/c Transfer and Deducted 1% on the Gross Amount As TDS and i have Deposited Same to IT Dept In Form 194C with my Tan Number
after few days when i asked him for a Pan Number he simply said he dont have a Pan Number ,i suggested him to apply for a fresh pan Number. but he is Ignoring me and not applied yet.
when i asked him why so ? he replied i dont want any headaches...

what can i do now , Actually he abuse me in Beging by saying he has a pan Number and now he is not responding ..

What can i do now? please suggest me....

Thankyou................

I'm working as a teaching partner with my franchisor. We are required to collect fees from students and deposit the same in franchisor account. Franchisor pays me my share after deducting 10% from it. How am I suppose to treat such income. Will it attract service tax ?

In share trading, turnover is less than 1 crore and loss is 15000. Also speculative loss is 2.5 lacs (intraday). Rs. 70,000 income from tuitions fees. which itr to file, 4 or 4S? Audit required if I file 4S?