PRIYA
29 March 2018 at 00:03

Which form to use

I have salary income and short term capital gain from equity shares, which form do I have to use to file my it return for financial year 2016-2017 ?



Anonymous
28 March 2018 at 23:54

Income tax compliance cib-502

Hi,

My Cousin got a compliance from income tax department stating CIB-502: Contract of Rs. 10,00,000/- or more in the Commodities Exchange. But she has not done those transactions. Could you please let me know how to respond for this. When clicking on Submit option there is one Option as not aware of this transaction, Can I specify the same there? Here I have doubt, Is it possible to do transactions some one else showing our IDs as proofs? Can you please let me know what are the consequencies for this. As she is not aware of these transactions. He has not filed return as well as she is not comes under income tax slab(not working, house wife)

Thanks for your help.


naseem
28 March 2018 at 23:37

Tax related

Sir I got this msg, You (CDPPBXXXXL) have not filed ITR for AY 2016-17. Pl click on 'Compliance Portal' link at e-filing portal (My Account) to view further information- ITD ComplianceAnd this pan number belongs to my mother , my father was a govt employee passed away in road accident on 2015 jan So we filled a case of MVOP ACT at honarable court for 25 lakhs but judgement came for 28 lakhs on dec 2015 half amount was withdrawn from court branch bank .And remaining to be taken after 2 years AS per court orders So petition was placed by my lawyer for withdrawal of remaining amount of my mother So amount was credited to court branch bank Sbi of ₹ 11 lakhs So we transferred 11 lakhs Sbi court branch bank to other SBI account of my mother Bcz amount was credited through proper channel And now i got this msg Should I need to submit anything Sir


CA Anurag Sharma
28 March 2018 at 22:35

Problem in offline utility

I was filling an Income tax return of a customer under business or profession for the FY 2015-16 through xml utility tool. As the returns forms have been changed. ITR 4 has become ITR 3. So when I try to upload xml file of ITR 3, it shows an error. Kindly provide me the solution for it.



Anonymous

Dear expert team i have a valid PAN no. but my PAN is not showing in "KNOW YOUR PAN " . "No records available" message showing in PAN Status resulting i am not able to register at Income Tax site .
When i try to register its shows that "SURNAME IS INVALID".
Kindly help me regarding this problem.


Deepali
28 March 2018 at 21:35

Financial mgt

financial distress ?


Ravinder Gupta
28 March 2018 at 21:05

Credit notes

Is there any applicability of GST when a supplier issues Credit Note to a buyer towards Rebates and Discounts.

Is it right to issue Credit Notes to buyers without applying GST on it.

Please clarify.

Regards,
Ravinder Gupta


Hari Naik

SIR, LIMIT OF 8% PROFIT IS AFTER REMUNERATION AND INTEREST TO PARTNERS OR BEFORE.


Chetan
28 March 2018 at 20:51

Tran 2

Dear Experts,
Sir,Mere EK Client Ka Tran 1 Filed Kiya Tha Jisme 10 se 12 HSN The,Jab July Ka Tran 2 File Kiya To Sale Me 4 HSN The To July Ka Tran 2 Filed Upload Ho Gaya Lekin Jab Hum August Or Aage K Tran 2 File Kar Rahe Jinme Sare HSN Cover Ho Rahe , Matlab Sale Kiye Hai To Portal Pr Sirf Wo Hi July Tran 2 K 4 HSN Le Raha Hai. Baki k HSN Add Nahi Ho Rahe..So In Terms What Should I Do Now..Please Confirm... Thank You.


Hardik Makhecha
28 March 2018 at 20:02

Tds of earlier years.

Hello,

There is a fixed deposit in the bank in NRO A/c of an NRI person for 5 Years, interest to be payable on maturity.
Due to lack of knowledge of Income-tax, that person never filed a return or claimed TDS deducted by bank on yearly basis for Interest accrual. Moreover, NRI was never informed to submit PAN to the bank.

So the issue is : 1. TDS of earlier years, remained unclaimed and found recently during maturity that amount received after TDS @ 30%.

2. If I file the return of income for AY-2016-17 & AY-2017-18 and claim respective TDS deducted in two years, i need to show the corresponding income for which tax is deducted. But interest was actually payable on maturity so cannot find the income amount to be shown in TDS Sheet.

As PAN was not submitted during that period, Form 26AS also not available.

Though we can go for a process to apply Commissioner for a refund along with condonation of delay, I thought at least when we have the option to file two years return up to 31.03.2018, we shall not do fault by missing it.

So can anyone guide me the best way to deal in it. Its case of my family member. Thank You.
Cell : 94272 18203