a person file itr 4s. his gross receipt for a month was 4 lac tds deducted on it under labour contract.now the deemed income is 4lac*8 /100. now how whole years income shown. add to gross receipt or other sources.

i have taken a loan for construction of commercial property in 2004. I have started selling of shops in 2009-10 with construction going on can i claim deduction of whole interest of 2009-10 against profit or it will be capitalized. Detailed answer required

Contractor's Bill Date 13.04.2014
Payment Date 14.04.2014
Actual work relates to March 2014.
In March, we have to make Provision,but when we have to make TDS on 31.03.2014 or on 13.04.2014.

And if we receive bill which relates to march,2014 on 16.5.2014, i.e after completion of due date of TDS payment & after completion of due date to file TDS return.

Please suggest.

Thanks in advance.

Pl tell us the procedure for get the Form 16B certificate from traces.
We are already registered in traces but not shown 16 B Certificate.

a retailer whose turnover for last 4 year endings 13/03/09 Rs.655140 31/03/10 Rs.682200
31/03/11 Rs.725000 and for 31/03/12 Rs.7915120. This sudden rise is due change in
format of business, retailer to wholesaler
Now for incometax purpose he submitted his
return on the basis of sec 44AD maintaining
8% profit.Now AO wants to impose panatly for
year end 31/03/12.Is there any points to
challenge AO ?

Dear Expert,
We (Ltd Co) hire a Diesel Generator for Use of our Factory.

Party (Proprietorship firm) raises Invoice of RS. 18000/- without charging any service Tax on Bill.

My query is who is liable to pay service tax?

Is this covered under Reverse Charge Mechanism? If yes then is there any abatement available.

Pls reply its urgent

Regards,
M.Agarwal

i hav a doubt regarding rate of tds incase of other person. as per law tds in case of other person is 2%. (excluding ind. and huf).

my client deduct tds of a individual @ 1%. but i want to know if the same individual (having tax audit u/s 44AB)then
whether we required to tds @ 2%
plz reply......

respected sir,
how much capital we can introduce to the balace sheet for the first time assessment.please discuss
thanking you

I have filed ITR online for assessment year 2013-14 on 6th August, 2013 with my digital signature. But till today, my ITR is not processed by CPC ? my question is what to do get refund fast ?

I have filled ITR2 for FY 2010-11 on time. Some Amount was shown as refund & the refund was received by me in year 2012-13. Now, I have received Verification Notice from IT dept asking for "Verification of Interest from Co-op Banks/ Credit Societies". Although I have cross verified 26A from Income Tax Website, it is same as per ITR2 filled. Now, please help me to solve this issue.

Awaiting your reply.