Hello experts,

I am filling my pension details for the first time in ITR2. However I cannot understand the following. Your help will be appreciated.

1. Under which head will pension come in ITR2? Salary seems to be the only option.

2. What will be the employee category for a retired govt. employee getting pension? The comments (red pointer) on the sheet says 'select OTH if not in employment'. Shall I select GOVT or OTH, since I am no longer in government service?

3. Do I have to fill the employer name in the relevant boxes even though I am retired?

Thank you

is d result of IPCC may'13 on 31st july????

During the year end, I passed adjusting entries for outstanding entries like salary, prepaid expenses etc. Do I need to reverse the above entries at the beginning of next year? If yes, how can I do it in Tally? Pls tell me the entries too

I am a service provider and provided services during April to June'12 when such particular service was exempt. It became taxable w.e.f. 01-07-12. Invoice for the same was raised during the month of Sept'12.
What should be the invoice amount raised for the period April to June'12?
Is it inclusive or exclusive of service tax?

One of my clients has purchased a property of more than 70lacs & its sale agreement was made before 1st June 2013,by paying 20% as down payment, the rest of the amount to be taken on loan.The loan was sanctioned in mid july. So whether he is liable to deduct TDS u/s 194IA & what is the exact procedure if is liable to deduct TDS.

I have sold a residential plot on 21/11/2012 for Rs 6500000. Cost of acquisition is Rs 1948302 without indexing. And Rs 2288605 with indexing.
I got the allotment on 25/04/2003. So I am eligible for capital gain exemption.

I have booked a flat on 7 May 2010. I have made a payment of Rs 3628099 till date.
I have consulted a CA and they say that I can only claim the last one year amount not the complete amount and that amount is Rs 2310630.

I have to make Rs 1000000 more payment in the flat and I want to use the balance amount ( 6500000 - 2310630 - 1000000) in the interior of the flat.and before Nov 2014.

In allotment letter it was written that I will get possession in 36 months from Dec 2010, that is due in Dec 2013.


Few of my questions is :
1. Can I come under 54F ?
2. Can I claim the exemption for flat which was booked in year 2010. but the construction is still going on and only on the amount that in paid in last year of date of sale.
3. How much money should I put in capital gain scheme account before 31st July to save my complete tax.
4. I have taken a loan from my sister to pay the booking amount that I paid back to her in Oct 2011 . A month before selling the plot. Can I also claim that amount for exemption?

Hello All
I have received a commission on sale of immovable property in March 2013 for Rs5L, but the co has deducted TDS but not deposited for Rs50000/- till date. I have to file my return. Kindly advise how to show the transaction in the return. Can I show Rs450000/-? If I don't show the amount of commission in the return, what will be the consequences of this as per income tax.
Kindly advise.
Regards
Sanjay

A partnership firm has received interest from partner on their debit balances of capital.
Whether is it taxable u/h Business income or other sources??

respected sir,/madam
I recently registered for cs executive programme the institute asked me to submit response sheets with in the due date.I don't know how to write those answers can any one please provide me those answers.it
is very urgent eagerly waitng for reply pls provide............

Dear Expert,

I have to apply for New TIN in Bhopal(Madhya Pradesh).

Our Company is based on Delhi-NCR.

Pls guide me for same. how i can get the register, is there online facility.