Dear All,
Please help me upon TDS deducted on Interest on FDS.
One of my client's father made an FD in her name 20 years back. and himself acted as nominee.
Recently FD got matured and TDS is deducted by bank. My client is not submitted her PAN while opening FD (i.e 20 years back). Now bank employees are not accepting form 15 G for non deduction of TDS. and bank is already deducted TDS from last 4 years. Bank people are saying that no pan is linked to this FD. can we submit the PAN and get back the refund. or is there any chance to get back the TDS deducted. and my client has no other income apart this Interest.
Thanks in advance
One of our clients sold shares of his private company and is investing the amount for construction of residential house property. He already has ONE house in the city in his name.
Will he get claim u/s 54F and if yes, will he also get it for the amount invested in land or only construction cost.
I have been efiling my IT Return since many years showing my business income u/s.44AD. This financial year FY 2016-17, I have sold my house for Rs.20.00 lac which was purchased by me long ago. After applying Indexed cost of acquisition, there is no any capital gain. Is it compulsory to show this transaction in my ITR ? If yes, which ITR should I use ? And how to show the nil LTCC ?
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Answer nowPlease help me!
TDS calculated by my employer/headmaster is Rs. 1.8 lacs being 20% of gross Rs. 9 lacs.(3 lacs for 16-17 and Rs.3 lacs each received as lumpsum for 14-15 and 15-16 during 16-17) Previous years, no single amounts were received and hence no PAN required. Eventhough I applied for my pan card a long ago, it was not yet processed. Now my employer is going to deduct TDS@ 20% of the whole income received during the year 16-17.
TDS deducted without PAN is non-refundable.
What can I do? Whether the entire amount has to be treated as tax.
After all fault is with the delay in PAN processing- with the department itself. Hence, can I get an immunity against this action?
The definition of services under CGST Act says that services includes activities relating to the use of money for which seperate consideration is charged. Hence can it be concluded that Interest on Loan will attract GST ? as Interest is charged for use of money. Further. will Bank interest also attract GST ?
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Answer nowSIR I REGISTERED FOR CA ARTICLESHIP AFTER CLEARING FIRST GROUP IN MAY 16 AND TAKE TRANSFER IN DEC 16.
IN JAN 17 I CLEAR SECOND GROUP OF IPCC AND ARTICLESHIP JOINING IN OTHER FIRM IS FROM APR 17 IS IT MANDATORY TO REGISTER FOR CA FINAL BEFORE JOINING OTHER FIRM IN MY CASE.
THANKS IN ADVANCE
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Tds on interest on fds