I have fixed deposits of two banks and opening balance is shown of two fd accounts.when i tallied both the bank's fixed deposit,i found that there is a deficit in 1 bank's fd and the same amount is shown as surplus in other bank's fd. can i adjust the surplus amount with the defecit?
ex: fd with sbi showing deficit ( 10 lacs)
fd with central bank showing surplus 10 lacs

can i adjust them as on 1/4/2013?

Sir,What are the provisions for property which is situated in foreign country, and the seller is Indian Resident...????

Hi Experts, Please help me whether service tax is applicable or not on Commission / Brokerage on Sale of White peas in Andhra Pradesh. Thanks in Advance. With Regards Phani Kumar S

Read more at: https://www.caclubindia.com/forum/details.asp?quote=1299642&mod_id=285927#reply

Bipin Bipin on 11 March 2014 if will import sarin company software from israel than do I need to pay service tax. because nowadays central excise department are charging service tax on imported ( purchase) sarin software

Hi Experts, Please help me whether service tax is applicable or not on Commission / Brokerage on Sale of White peas in Andhra Pradesh. Thanks in Advance. With Regards Phani Kumar S

Read more at: https://www.caclubindia.com/forum/details.asp?quote=1299642&mod_id=285927#reply

sir ,
i hawifeve purchased a flat in joint name with my for 30 lacs to which i have paid 25 lacs and my wife has paid 5 lacs. now we want to give it on rent for rs.9000/- thousand per month.
my question is who can make and sign the agreement.
2. who sould show the income as both of us is income tax payee.
3. can my wife alone sign the agreement and show the amount received in her return. though she has paid only 5 lacs while purchasing the plat
4. or both has to show the amt received in there return of rent.

Hi - I am trying to file ITR for a senior citizen for AY 2013-14 (and also has tax pending) before March 31, 2014.

However I notice that the Excel Utility from the Income tax website for AY 2013-14 does not seem to compute any figure for Sec 234 B and Section 234 C? Is the excel utility faulty?

Rao

Hi - I understand that senior citizens do not have to pay advance tax if they do not have any business income.

Suppose a senior citizen has not filed ITRs for AY 2012-13 and AY 2013-14 and has tax pending, does Section 234B and 234C apply if he wants to file before 31 March 2014? If yes, then Sec 234B and 234 C applies from what date?

A

i am running a pg a unit of bed n breakfast scheme. what i am show in the return rental income. or proper maintain the p&l a/c with all expenses, Pls help me

Dear Sir,

I am a new taxpayer.
From April 2013 to March 2014 my income is about 5.2 lakh INR. I have missed the advance tax payment date i.e 18th march 2014. I have invested 80000.00 INR in Tax saving Scheme. Please guide me what to do now for paying the tax. I am a self employed software developer.

Do i need to audit my income ?
How to pay IT and claim IT return ?

Please let me know asap.
Thanks