I am a normal salaried individual. I sold a property this year and the (long term) capital gains that I made on this sell were reinvested long term capital gains reinvestment bonds. Hence, I did not have to pay any tax on the same.

Q1. Now which ITR form do I fill - ITR1 or ITR2?
Q2. Is there any penalty if I fill ITR1 form?
Q3. If I fill ITR2 form, will I have to disclose my property and bond details?
Q4. Will filling ITR2 make the chances of my IT case opening more? Can I fill ITR1 so that the chances of a scrutiny are less? If the case opens will there be any penalty. Please note that I am not evading any tax.

Me and my wife jointly own a house which was let out throughout the year. The agreement was between the tenant and myself and all the rental was paid only to me.

For the purpose of income tax should the rental be split between me and my wife or shown under my name and nothing under my wife name ?

Please help.

Thank you in advance.

If a father gives 20lac as a gift to son and then the son invests that in a house, who is taxable in this case and what is the tax rate?

Thanks a lot

Sir,
Please suggest TDS liability on Visa Processing Charges, Air Ticket Charges paid to Agent.

Regards,

Sunil Pareek

My TDS Deducted on Commission ( Lic Of India ) I Have Revecived 16 A . I have no Idea how to Refund Process of TDS through Online Itself .


Provide online Procedure Step by Step
Plz Resolve my problem .

Proprietorship converted in to Partnership firm.
A new Pan card applied for Partnership Firm name.

My querry is ,whether I have to take new TDS NO or old registration no is applicable to Partnership firm.


Thanks in advance

I have some doubt regarding the Paid leaves during the Article-ship?
Please provide me the details:
(I have registered with IPCC Direct Entry Scheme.)
1. Is Paid Leaves available for Orientation and ITT Programme?
2. Is Paid leaves available for GMCS I and GMCS II?
3. Is Paid leaves for Preparation of Examination and during the period of exam? and how many leaves available?
4. If any other paid leaves available please let me know.

Thanks in Advance

Hi all,

One of my clients is importing material from its holding company, resident of Malaysia which in turn gets material from its supplier. Malaysian company had instructed its supplier to deliver goods directly to the India. And the customs duty is being paid by the Indian co. on that supplier invoice and imports the goods. However few days later malaysian holding company is sending the purchase invoice with its markup.So the purchase amount as per customs authorities and the purchase value in the books of accounts are differing. Kindly clarify how to resolve the issue.

Hello Expert

let me explain there

i own a small software development firm , and i already did the business of 20 laks

99% work i get online from some site (elance , freelancer , odesk ) . these site charge 10% amount of the project as Fees , after that i transfer money to pay paypal . its take 5% of the amount as there Fees


if i get any project of $1000 then i get $855 in my hand ,


so my question is that : all the client from USA and UK , if they not pay any service charge , in this case i need to pay service tax .

waiting for reply .

which writer book is best for ca final?