Hello All. I have a query related to capital gain exemption. An assessee sold a residential house (long term) on 25/04/17 for Rs 30 lacs. On 12/05/2017 he also sold a plot (long term) for Rs 40 lacs. On 21/05/2017 he purchased a residential house amounted to Rs 70 lacs. As On 21/05/2017 he have no house in his own name. Can Assessee claim sec 54 and 54F exemption simultaneously if he fulfils the condition of both the sections.?

Sir, my income from commission of Insurance is only 25000/- for f.y 17-18 , but i have to fill return for refund of tds .for this which ITR foam i have to fill

Dear All

Client is working as a carpenter. having income of around 289000/- (FY 2017-18)

1) Which ITR form should be used? ITR 3 or ITR 4?
2) If ITR 4 is filed, on presumptive basis then what amount should be taken to declare 8% profit?
3) Which code (Nature of business) should be filled in ITR?

Thanks!

Sir one of my client had an agricultural land which was received from his father in 1998 and now he is willing to sell it for Rs 25,00,000 does capital gains attract on sale of agricultural land situated 15 kms away from city limits

what is the amount of tax to be paid by him?
how to ascertain the profit on such sale ?

is there any possibility to avoid tax on such profit?

pleas help me
thanks in advance

Hello Sir,

Pl refer on above subject matter, my last employer has added my PAN no with another employee account no. As Such i got tds in my efiling account while salary was been credited in another employee account. so i want to ask whether i can trasfer tds amount from my pan no to actual pan no of that employee or my employer can do so.As i have to pay tax after adding that tds 4000/-. kindly guide me and help me out.

Regards
Parv

X HAS INCOME FROM PENSION. IT IS INFORMED THAT PENSION SHOULD BE SHOWN UNDER THE HEAD SALARY IN ITR.

IN ITR 3 AS THERE IS NO COLUMN FOR PENSION


PLEASE ADVICE IN ITR 3 WHERE TO SHOW PENSION RECEIVED FROM EMPLOYEES PROVIDENT FUND ORGANIZATION WHO IS NOT EMPLOYER OF X

A Educational trust registered u/s 12A has gross fee receipts of RS 50 lakhs. Its net income as per Income and Expenditure is 10 lakhs.

My question is 85% utilisation has to be calcualted on 50 lakhs( gross receipts) or Rs 10 lakhs ( net income). Section says net income?

Please guide

Hello Freinds...

i have dought on....

where i have bussiness income of Rs. 90 lakh . and my net profit is 4 lakh. whether i require to get tax audit ( as im showing less than 8% where as. Im not opting 44AD)

in short..!!

in case im not opting for 44AD and my income is Less than 8% and profit is more than basic exemption limit
do i required to get Tax audit....
or im exempt from tax audit as turnover is less than 1 crore and im not opting for 44AD

One of my client failed to file his return of income on or before 31 march 2018 for the asst year 2017 - 18.Now he wants to file his return by paying taxes due for the above assessment year.
My queries;
1.can he file his return of income ?
and
2. whether CPC accepts online filing of his return for the asst yr 2017-18 ?

kindly advise.

Dear Sir,

If a senior citizen having only interest income from which TDS has been deducted, has died in FY2017-18, can his return be filed and TDS refund be claimed ? If yes, who should file the return ?

How will the Income slabs apply in case of a person expired in the middle of a financial year ? Will he be entitled to get benefit of full exemption limit upto Rs 3 Lakhs (senior citizen) ?

How is taxability of Interest on fixed deposits received after death of a person, decided ? If TDS is deducted from this interest, can its refund be claimed ? Who can claim this refund ?

Thanks

TCB