Dear Sir,

I want to ask on thing in the following case :

I have prepared ITR 4 as per Figure filling in it Tax comes.

INCOME TAX 4569

EDU CESS (INCL SHE) 137

But there is Prepaid Tax i.e TDS Rs 53.

then which amount I shall consider for Payment in Challan 280?

Income Tax
and
Edu Cess (INCL SHE)

Either
1) Income Tax 4506
Edu Cess (INCL SHE)137

Or

2)Income Tax 4653
Edu Cess (INCL SHE) NIL

Dear sir/mam, My articleship is due to complete in august 2013 but it will be extended to 30th november 2013 due to leave. So i will submit form 108 only in nov. And not in aug. So is there penalty. Till what date should i submit form 108.

A co-op hsg soc have recvd intimation receiveing for disallowing deduction u/s 80P.
the co-op hsg soc receives bank interest from another co-op bank only. is it not deductible u/s 80P

A client has made short deduction of 1 % instead of 2% and return has been filed.Problem is that on arrival of notice payment has to be made,so while filing the correction statement two challans would be there for same party

Dear sir,
my friend joined in IPCC under direct entry scheme and now he is doing articleship in a small firm, and also completed 10 months of articleship,now he is going to attempt November 2013 IPCC exams,so now he want to terminate from that firm and take a break of 3 months that is from Sept-Nov.

If he take this period of break for ARTICLESHIP what will be the result from ICAI.
Please Advice to My Friend sir,

Thank you..

Hi there,

I have an FD and need to include the interest an income while filing the return. I have taken an OD for on this FD for some months during the FY 12-13. So Can I reduce the interest which I paid for OD from the interest gained on FD and show only the difference as income while filing IT return? Requesting the expert suggestions. Thanks

plz tell me the dep rate on flat in mumbai

Hi

Someone may please see the following and reply :

Query

An Individual proposes to carry on taxable service ‘clearing and forwarding, transportation, liaison’.

Please confirm the above taxable service shall fall under ‘CLEARING AND FORWARDING AGENTS’ SERVICES’ only.

Ans : ………………….

Thanks in advance.

Hi

Someone may please see the following and reply :

I am in the process of filing my friend’s Income Tax Return (ITR-1).

My friend is a resident of Mumbai.

I am residing at Coimbatore, Tamil Nadu.

Query

In the VERIFICATION PART, should I fill the place as COIMBATORE, because the ITR shall be e-filed and it will carry my ISP of Tamil Nadu.

Please confirm whether it is appropriate
or
I should only fill MUMBAI, which is the location of the Assessee.

Ans : ………………….

Thanks in advance.

Hi,
I had a fixed deposit which has run for 3 financial year.

Finally It has matured on 3rd july 2013, and maturity amount has been credited in my account.

I have submitted 15 H every year as calculated accured interest+pension is below tax limit.

Now question is how much interest to be shown in ITR for Fy 2013-14 ,AY 2014-2015?

The whole interest i have received or the accrual interest for FY 2013-14 i.e interest accured from 1st april 2013 to 3rd july 2013 (On which whole matured amount credited in my bank account)?