Tanvi Chauhan
This Query has 4 replies

This Query has 4 replies

30 September 2015 at 19:50

Incone tax

Plz confirm is there any finalization for extention of date of efilling return?



Anonymous
This Query has 2 replies

This Query has 2 replies

Dear sir,
I have bought a Flat in the year 2011 through SBI HBL. Now I have sold a land properties having capital gain nearly Rs600000.
If I repay all of it to my HBL account(outstanding loan amount Rs 2000000), can exempted from long term capital gain.
Also please instruct me for other scheme for exemption from long term capital gain


CA Mandeep Singh
This Query has 12 replies

This Query has 12 replies

24 September 2015 at 16:50

Business in india from usa

We want to start a business in india and for that we are ready to invest $50000 and $100000 will be given by an american citizen so what should be the exact root for the funds to be recieved in indian business from USA?

one more thing to be kept in mind is that american citizen prefers to invest in an american entity for being safe
and then he (american citizen) wants that
that american entity will then invest the funds in india
now question is what should be the root for the investment by that american company in india.


Vikas Gupta
This Query has 2 replies

This Query has 2 replies

26 August 2015 at 18:24

Nature of businees code in itr-4s

One of my friend is engaged in the business of plying an hiring of heavy goods vehicle (Nature covered u/s 44AE) and books are not maintained by him. Actually he is not a transporter rather he has two vehicles during the year both of which are engaged in loading and unloading goods of a company.

While filing ITR 4S for F.Y. 2014-15 what should be the relevant code for nature of business as listed in third sheet ('Non BP' sheet)in ITR 4S.


RAHUL TANAJI ZAVARE
This Query has 1 replies

This Query has 1 replies

I want to know whether do we need to put the bank account number of minor in parents Income Tax Return if the income of minor is clubbed in the hands of parents.
Also, clarify what will happen if income to be clubbed is less than Rs.1500/- & above Rs. 1500/-


shobhit
This Query has 4 replies

This Query has 4 replies

Dear Sir,

while going through my previous ITR 1, I observe that the value of taxable perquisite i.e. interest free concessional loan amount is first shown as taxable part of salary, after that it is added with sec 24 (b) income from house property which results in increased house property income...

another view is that interest free concessional loan is first added in salary then deducted in house property income as it increased the negative self occupied loss from house property.


i want to know the connection of interest free concessional loan with sec 24 (b) of house property.

or simply

if i am having interest free loan perquisite and paying interest on housing loan then what is the treatment of these things in ITR 1
thanks.


Amit Arora
This Query has 3 replies

This Query has 3 replies

18 August 2015 at 16:54

Salaried person- how to deal f&o losses

While filing I have the following heads of income -
1. Salary = Approx Rs. 6.00 Lac (I have a TDS certificate).
2. Savings bank account interest = Rs. 20,000
3. Capital gains from shares held for less than 1 year = Rs. 5,000
4. F&O losses. (Total Turnover = 4.17 Lac and Loss = 1.31Lac)


Queries
1. Which IT return forms do I have to fill?
ITR 4 or ITR 4S?
Or in case I don’t want to carry forward F&O Losses, can I use Form ITR 2 as well?
2. In case ITR 4 to be used, what information to be put in return since I am a salaried person and not a business man.
3. Do I need to maintain any books? if yes what kind of books.
4. Do I need to get my books tax audited?

Thanks in anticipation.
Amit Arora



Anonymous
This Query has 1 replies

This Query has 1 replies

17 August 2015 at 11:19

Tds -e-return doubts

Dear Sir,

in one company they did not file a tds return for 4th quarter for financial year 2014-15.b due to some problems but for first quarter of financial year 2015-16 is ready wether they can file the current year first quarter if they did not file previous year last quarter please clear this issue


NITIN DAYALJI DAVDA
This Query has 5 replies

This Query has 5 replies

09 August 2015 at 14:02

Guidance.

Retirement EL encashment for the government employee is a totally tax free, even then my organization has deducted TDS on it, now I have to take refund of that amount, but while checking ITR 1,section 10(i) is not shown, so now what I have to do for claiming the refund?


virendra
This Query has 1 replies

This Query has 1 replies

09 August 2015 at 08:52

Which itr form

pls guide I am govt employee. I have salaried income and other income like capital gains(share and mutual fund) including short term, long term, speculative.which ITR form I must use to file .






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