My daughter has an NRI status and has received dividends from HDFC Mutual Fund for Rs 15032 u/s 196A and tax at 20%+ as given in 26AS. While filing tax - this amount needs to be entered in Sch - Other Sources (OS) under the sub-section 'Income Chargeable at Special Rate'. While choosing the sub-category under this sub-section I am getting two relevant options
to choose i) 115A(1)(a)(i) - Dividends in case of non-residents and ii) 115A(1)(a)(iiab)- Interest as per Sec 194LD.
In AIS Summary the amount is shown under 'Income in respect of units of non-resident u/s 115A(1)(a)(iiab)' .
Under which sub-category will I enter the dividend amount under the subsection Income Chargeable at Special Rate' ?

"Value of off market credit transactions of unit of equity oriented mutual fund (RTA)" appears on my AIS. Transferor name is mine. Consideration Value is 0 and the status is active. I haven't sold this. What are the income tax implications?

how to remove error 4336 in tds ret 27 q

Sir,
I am not a income tax professional . Every year I mysrlf file my return . Can I file return for my son and wife from their Login .

I would like to know one thing more . If I-Tax payable is greater than TDS in a return - how I-tax would be paid / adjusted .

With regards,
Sudhir Saha

Greetings,

I wish to know what is the limit of amount a private limited company can take exemption for the interest paid on the unsecured loan taken (Please note that this loan was from the Director to the Company)

Regards

We have Purchased Assets of Rs. 100 Crore on credit at the begging of Financial Year and at the end of FY we sold all purchased assts as a slump sale for cash consideration of Rs. 100 crore. What will be tax liability?

Apparently it should be zero but when we calculate capital gain as per the provisions of Rule 11UAE we have capital gain because FMV2 is Rs. 100Crore and the Net worth is Zero.

Can any one solve this puzzle? If so i will be obliged

MY RELATIVE WORKED IN A HOTEL IN TRICHY 10 YEARS BEACK. HE WAS DEDUCTED PF FROM HIS SALARY. AFTER THAT HE HAD WORKED WITH TWO OTHER COMPANIES. HE HAS THE SAME UAN FOR THE LAST TWO COMPANIES. HE WANTS TO WITHDRAWN AMOUNT FROM EPF.
BUT WE ARE UNABLE TO WITHDRAW BECASUE IT SHOWS THAT ONE MORE UAN IS LINKED WITH BANK. THE ISSUE IS THAT IT MAY BE OF THE HOTEL'S UAN NUMBER WHICH IS NOT FUNCTIONING NOW.

NOW LET US KNOW HOW TO SORT THIS ISSUE

IF WE LOGIN IN THE UAN IT SHOW THE FOLLOWING

THIS BANK ACCOUNT LINKED WITH THIS ACCOUNT IS ALSO LINKED TO ANOTHER UAN

HOW TO SORT THIS ISSUE\

THANKS AND REGRDS
SURESH R

Hi,
I already have one income tax account but mistakenly create another account with same PAN number. Now I don't want that account. How to remove the second created account?

When a major plant is fully depreciated but is still running and capital spare item are replaced then will it be accounted as per the plant life(0) or according to the individual asset life as per IndAs

Dear Sir/Madam,

Mr A had a flat in a building in Navi Mumbai that was not in good condition. So the Flat fetched a lesser price (Rs. 23 lakhs) than the market value as per stamp duty valuation (Rs. 29 lakhs). The condition of the building was really not good and also had many municipality and water problems.
My query is as follows:
1) Is there any transaction limit for reporting the sale of a flat in ITR even though it fetches a lesser price? I mean sale price is just Rs. 23 lakhs and there is also no capital gain then is it necessary to file the return?
2) Will Mr. A get a notice from the IT dept as the sale price is less than the market value as per the registrar?

Kindly guide.
Thanks & Regards,
Suraj