KAILASH
23 March 2017 at 14:30

Late submission of itr v

I filed my ITR-I AY: 2016-17 before due date i.e. 31.7.2016 but could not verify the ITR online through my login and thereafter could not also send the ITR-V (signed acknowledgement) thru post to CPC within stipulated 120 days. Now I have sent the same which was received at CPC on 9.3.2017. Now my ITR status shows ITRV received after due date. What should I do now. However, IT Customer Care says you have to wait if the date of sending ITR-V is extended or file a revised ITR again.


manisha sharma
23 March 2017 at 13:52

About cash consideration

If any person sale fix assets than how much amount he can recd in cash ....which is legal according to law....or he must recd all through cheque....


pooja Garg
23 March 2017 at 13:20

Roc relate to banking sector

Hi,

My question is comapny by a car and fiance from bank but company ROC not done till.
1. what consequen for ROC not done????
2. Pentaly and time period for ROC???/


HEMANTH RANKA

Whether interest on delayed deposit of service tax needs to be bifurcated into interest relating to basic service tax & interest pertaining to cess, Please provide clarification,

Further in case of payment of service tax on reverse charge mechanism whether concessional rate of interest of 21% can be availed it the value of services taxable under reverse charge doesnt exceed 60 lakhs



Anonymous

Hi
I received Rs 2 lakhs as marriage gift in form of cash, is it liable to IT?

Thanks


Abhishek Roy Choudhury
23 March 2017 at 12:10

Sale of property

Dear Sir,
An Assesse has sold a property in 2015 for a certain sum of money but he lost his purchase deed of the property and so he does not know the purchase price of the property. Now how it is possible to compute capital gains without knowing the purchase price of the property.

Thanks,
Abhishek.


Mahender Singh
23 March 2017 at 11:49

filing of tds return

our pay and accounts division has deducted income tax from arrear bill and deposited in to our tan no. but our office has not included tax deducted in the return of third quarter.can we include in fourth quarter or required to file revised return


monika

SIR
IN WHICH BOX, CAN BE FILL DETAIL OF LIC REFUND IN INCOME TAX RETURN ?

TELL ME ALSO
IT IS MANDATORY OR NOT , DECLRE DETAIL OF LIC REFUND IN ITR OR NOT ?




Anonymous
23 March 2017 at 11:27

Applicability of service tax

Hi,
One of our Client Ruining software company they are providing customer care Services and Software Development services to their US client they agreed to pay Money on the basis of no of hour worked by each Person on their Project Based on this income they planed to run business, is Service tax applicable on this Type of Business.


Tax

Facts of the case -

Assesse constructed a building for residential purposes in the year 2004
Cost of Land - Rs. 2.5 lacs (Purchased 10 years earlier)
Cost of Construction of Building - Rs. 24 lacs
Assesse started business in the year of 2014
Assessee started using that residential property for the purposes for business.
He used that residential property as an office.

Queries -

How to claim depreciation on same?
Should the depreciation be claimed from year AY 15-16 or from the year of construction?
At what rate should depreciation be claimed?
Depreciation should be claimed on whole property or proportionately on only the part used for business?
Depreciation should be claimed on the composite COST of Land & Building (i.e on Rs. 2650000)?





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