Suppose a proprietor, who is liable for audit u/s 44AB, gives Rs. 50,000 to brother as interest and no TDS was deducted. And the brother’s income is less than Rs.250,000.Can his brother submit form 15g to the proprietor?

The assessee receives salary (excluding HRA) from previous employer till Jan.2018 and for Feb. & March 2018 receives salary (including HRA) from current employer. so the question is can we claim deduction u/s 80 GG.? The assessee and his spouse does not own any house property in their name.

X PURCHASED A PROPERTY AND DEDUCTED 1% TDS AND DEPOSITED THE SAME WITH INCOME TAX IN TIME. THE TRANSACTION APPEARS IN
26AS STATEMENT . OF X. NOW X HAS TO FILE ITR 3.

IT MAY BE ADVISED IN WHICH SECTION/COLUMN OF ITR 3 FOR ASSESSEMENT YEAR 2018-19, X SHOULD REFLECT THE PURCHASE OF THAT PROPERTY

a female senior citizen having fd interest income. she given 15h to bank but by mistake tds of rs.34 deducted once n later no deduction made. during the financial year 17-18 she earned rs.15,000 as interest and she made a deposit of rs. 1.40 lacs at bank fd for 1 yr. and rs.1.60 lacs in post office senior citizen saving scheme(5yr.fd) out of past savings. does she need to file a return as tds of rs.34 deducted? which itr? what should be the source of income and under which head of income? kindly suggest asap. thanks in advance

Dears

Why ITD disable the Aadhar OTP E verification ?

Thanks

hello , i want clarification regarding a case of claiming exemption u/s 54F of gapital gain, case goes like an assessee sold a building for 52,05,576/- and constructing a house costing 55,04,850 /- for that he took housing loan of 39,00,000/- . and he s constructing another building of 1 Cr . my question is can i claim full construction cost of 55,04,850/- on building sold ? because here u/s 54F we can claim the whole amount. and housing loan is of both building. so can i claim whole 55,04,850?

I'm employee of an Indian PSU on foreign assignment for three year period. During FY 2017-18/ AY 2018-19, I attained NRI status. My salary is paid in the overseas branch of an Indian bank in foreign currency (USD). During the year I en-cashed leave which is fall under the head Income from Salary. My employer has outsourced the processing of the application for leave en-cashment to LIC of India who is also authorized to deduct and pay TDS on leave en-cashment amount directly to IT Department under its own TAN number and issue separate form 16 for such payments. Since leave encashment is also part of the income under the head salary LIC was advised by my employer not to deduct TDS on leave encashment based on my NRI status and accordingly LIC of India did not deduct TDS. This amount was also paid by my employer alongwith salary of the particular month in foreign currency in my bank account maintained abroad. Accordingly, in form 26AS the amount towards leave encashment has been reflected as a separate line item showing the amount paid and TDS as nil. However, LIC of India has shown this amount as income under section 192 of Income Tax Act, on which my Auditor opines that attarcts income tax. My Auditor further opines that, this should be shown as salary under an appropriate section which does not attract income tax, since leave encashment is also part of salary income which is also paid in foreign currency in my bank account maintained abroad. All other part of income like basic pay, DA and other alowances area paid directly by my employer in foreign currency in bank account abroad and based on my NRI status my employer did not show any such amount paid as income throughout the year as income in form 16 issued by my employer, being exempted from income tax based on my NRI status.
Can any one point out the appropriate section under which the above leave enacshment amount should be classified / reflected in form 26AS under deductor LIC of India so that it does not attract income tax

Dear Sir My Query Is regarding 164(2)(a) Disqualification.Now our Company Wants to Remove the Director from the Board .we want clarification effective Date for such Director Should be Taken weather we must Take his Resignation Today or from When he was made disqualified by ROC. if we Remove the said Director from Board From the date when he was Made disqualified by ROC then what will happen to Financial Statement Which He had Sign last Year.

Read more at: https://www.caclubindia.com/experts/companies-act-2013--2675009.asp

Hi Everyone,
Hope everyone is going awesome.
I have query which is mentioned herein below :

Company "A" having GST registration under two different states (One in Delhi & Other is in Gujarat).

My Query in relation to aforesaid company "A" :

Can Delhi Branch adjust its IGST Liability of a particular month (Say June-18) against IGST credit / Input of Gujarat branch ?


If Yes - Then "How"? If No - "Why" ?

Dear Sir,

I want to claim Interest on Home Loan in ITR against Two Home loans and both are on rent. Also I am showing the rent Income in ITR.

Now I want to know that Can I claim Interest Paid on Home Loan against Two home loans (Max.- Rs 200000/-) ?.