Whether interest U/s 234A is leviable under the situation given below.
A person has paid self assessment tax after the due date for filling return of income.
Due date of return : 31st july 2012
Date of payment: 7th july 2013
original date of filing return : 21st march 2014
at the date of payment interest under sec. 234A has been paid till that date. but the question is whether interest u/s 234A is leviable till the date of filing return of income in this case?
I have two residential flats, on one of the flat a housing loan is going on since last three years, if i sell the flat on which there is no housing loan, can i repay my housing loan out of sale realization of that flat and get set off against the capital gain on sale of flat.
Kindly advise.
Dear Sir,
Please clear me I have sold two flat in 2010-2011 and invest this capital gain amount in one residential flat as on date 14/02/2011 and get exemption u/s 54 I have not get possession till date not there is some time rest for possession.Now case have been selected in scrutniy on the base of this capital gain. now assessing officer is not allowed the exemption of section 54 and issue a show case notice why should you given exemption u/s 54 while you have not get possession till date if i give some ruleing regarding this than assessing officer is bound to final the case as per ruling or not and he use his discreation and penalise to me with penalty and also tell me what is my fault when builder is not given possession on time i am also getting loss about this investment.
Thanks in advance
My client is earning Salary Income from 2 concerns and he had claimed Deduction of Rs.9600/- of conveyance from both the concerns. How much Conveyance Deduction can he claim i.e of Rs.9600/- or 19200/- ? as Income Tax had send us a notice related to the above query. Kindly revert me as it is very urgent as i have to reply to Income Tax?
Can anyone please tell me that if i change my address of correspondence with ICAI then my registration no. will also change???
I shifted from Western to Central Mumbai.
Will there be any problem for my GMCS course.
Hi,
I am working in an organization in which the rebate u/s 87A is being allowed only to individuals whose Total income does not exceed Rs 5 lacs. But here Total income is taken as Gross Income (before 80C deductions).
However, i looked the matter in the net and found that Total income is to be taken as Total Taxable Income (After 80C and other eligible deductions)and also in Income tax rules it is said Total Income (before deductions).
Please Clarify.
I had purchase LIC policy in 2002, amount of LIC matured in 2010.
I selected option of annuity for such maturity amount.
Now on such maturity should i need to pay tax on such amount matured, if i had not taken any deduction on premium paid earlier.
So is it taxable or not? under which provision or section?
Please suggest.
in sec 44AA compulsory maintenance of books of accounts is stated. i.e for business concerns 10 lacs above gross receipts have to maintain books, but if the business man has 12 lacs of turnover and files return u/s 44AD will he need to maintain books as said in 44AA
My client had last efiled in 2004 and they have lost the Password and the registered email id is also not accessable. Now, how can the password be reset. There is no digital signature as he is an individual with income less than exemption limit. and as for the last efiled acknowledgement no. then the site asks for last Ack. no. of 2009 which is not available. Is there as other way of password reseting?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
80c