I have Income from salary, housing loan interest and bank interest income
Gross total income is above 9 lac
Which ITR form applicable for me ?
ITR 1 or ITR 2
Hello Members,
Assessee is a student and is currently studying in abroad. Every month is father deposits cash in his account. From which he than transfers the same in the respective foreign currency to his account for his regular exepenses. Since the amount transferred exceeds 7 lakhs TCS is deducted on the transfers done by him.
In all Total of Rs 14,85,000 was deposited into his account by his father and the same is appearing in his AI reports also.
Since there is TCS which is deducted on the transfer, he wishes to start filing the ITR to claim a refund of the same.
Query:
1. How do we treat this cash receipt in the account of assesse who is still styuding.
2. Will taking a Gift Deed on the appropriate stamp paper help him incase of any questions come at stage later to showcase that it was a gift given by his father.
3. What are the other recourse available in such situation.
Thanks
Dear Sir,
Section 194H ki income ko kis itr mein kahan show karna hai
Asset has been compulsorily acquired by the government for road extension and it is stated in the agreement that fully exempt from income tax. If the above-mentioned subject is related to RFCTLARR ACT, then how to file the exempted income in ITR ( under capital gain or under exempted income category)
DEAR SIR
TDS DEDUCTED U/S 194R DECLARED INCOME FROM OTHER SOURCES OR BUSINESS INCOME. ONE OF MY CLIENT RECEIVED NEARLY RS. 1,030,90/- AND THE COMPANY DEDUCTED @ 10% TDS SHOULD I REPORT BUSINESS RECEIPT OR INCOME FROM OTHER SOURCES
REGARDS
what is nature of expenses allowable under income tax , if paid on or before filing of income tax return
under income tax any tax paid Like TDS, Advance Tax , Self Assessment Tax and Income tax demand are disallowable under income tax under which sectio.
In the following two cases , whether depreciation allowable under income tax
(1) TDS Not deducted on capital expenditure
(2) Cash paid Rs. 10,000/- for buying capital expenditure.
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Please Guide
ITR applicability for income from salary