Anonymous
11 August 2014 at 16:29

Itr-1 a/y 2014-2015 late file penalty

Dear Sir/mem

one of my friend not file his Taxable ITR-1 Return Tax Amount 2000/-AND NOT PAID TAX TILL TODAY 11.08.2014

How much penalty for Late File ITR A/Y 2014-2015



Anonymous
11 August 2014 at 16:22

Regarding gmcs-1 training

Dear sir,
I have applied for GMCS-1 at Bhilwara branch of CIRC of ICAI for the month of July/Aug. 14. But couldn't attend the programme due to non formation of batch. My articleship 1st year will be over on 13th sep. 2014.

Therefore I want to know what will be consequence if I do not complete my GMCS-1 within 1 year of articleship.
Please reply soon.


Ankit Panchal
11 August 2014 at 16:21

For cs (final) dec 14

I am Cs final Student (Old Syllabus). Can any one guide me on
1) How to Prepare for Companies Act 1956/2013? Confused that how many question come from CA 2013 & 1956.

2) Need Direct & Indirect Amendments

3) Is there any Subject in CR?



Anonymous
11 August 2014 at 16:16

Income tax return twice

Sir,

One of my client say me to file his IT return for the A/Y-2013-14, Just after filling this Online, I came to know that, He has already file it manually ( Paper return ) 1 year back. It is in Processing stage, may 7 or 8 days required to get his TDS refund for such concern period. Till now I have not sent the acknowledgement Copy(ITR-V) to CPC . For that what I should do, Pls Guide me.

Thanks & Regard
Kishore


Gaurav Gupta
11 August 2014 at 16:12

Interest on loan from partner

Loan from partner - Rs.590000/-
Interest paid - Rs.100000/-
As per deed maximum rate is 18%
how much will be allowed as per income tax?



Anonymous
11 August 2014 at 16:08

Tds

rebate u/s 87a to be consider while employer calculating tds amount to be deduct from employee on salary ?



Anonymous
11 August 2014 at 16:04

Capital gain

assesse u/s 44ae having 4 heavy goods vehicles which acquired with rs.500000 each 2 years back.
during the P.Y 2 heavy vehicles are sold for rs.1100000.how can we calculate capital gain. either u/s.50 or u/s.48.? while calculation u/s.50 to be taken for the purpose of u/s44 ae which amount to be taken for opening wdv of the block? and how to calculate capital gain for assesse u/s 44ad when any property sold which is used in his business.



Anonymous
11 August 2014 at 16:01

Capital gain

u/s 10(37)-exemption in respect of capital gain in case of agricultural land
is already exampled the income which earns through sale of agricultural land.how can we use exemption u/s 54b and when it applies.sir kindly provided the difference between exemption u/s 10(37) and u/s 54b


vinod
11 August 2014 at 15:56

E-filing

dear sir/madam, I am govt. servant. all taxes due have been deducted from my salary, before 31mar2014 for FY 2013-14. I am e-filing my tax returns for FY2013-14 late. In my form 26AS on i.tax website, TDSof Rs 1478/- is shown as deducted by bank under section 194A and on filling up tax returns, this amount is showing as "tax refundable". My queries are- i) Do i have to show income on bank ineterst as income from other sources in my return? ii) If yes, do i have to get any kind of statement from bank before filing return? iii) This TDS under 194A has been deducted at 10% by bank ,while i am in 20% tax bracket. so do i have to pay additional tax at 10%(ie to make TDS= @ 20% as per my slab) ? iv) Since i am filing late tax returns, do i have to add 1% fine amount also, before paying this tax? ( filing tax in aug14 instead of july31'2014 with tax due=10% ) v) the helpline of i.tax saying that just claim refund 0f 1478/- as appearing in returns and no need to pay any tax or fine.but i am not convinced. Experts may please help me as i am very confused over this. Thanks in advance. warm regards, vinod.

Read more at: https://www.caclubindia.com/forum/tds-in-26as-for-e-filing-301746.asp#.U-iYfpSSzIc



Anonymous
11 August 2014 at 15:56

Itr 1 related

Dear Sir,

I online file my ITR-1 Form and after filling i Print Acknowledgement but I want to print full set of ITR-1 that I filed

so how i Print my full set of ITR For My Knowledge

I no full set not need for I.T. Deptt. but i want this for my Knowledge

Please help Mi






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