Dear All,
My uncle is NRI who has a dual citizen ship of India and USA, recently he shifted to india permanently on last year and he started his own clinic as he is a doctor. Now on last year he has sold his old house and purchased the new house with that money & rest of the money he invested in mutual funds and others deposits. From his investment mutual fund has deducted tds on it and in which the bank account is hold has hold deduct the tds.
NOw my question is that how can i show all this in his income tax return
1. Shall I have to show the sale of old property and buying of new property.
2. His income is from the consulting or visiting doctors fees but he has invest money in mutual funds and deposits from the money earned from selling an old house.
3. How can i get the refund of that TDS on mutual fund and bank deposit.
4. How much investment I have to show in section 80C
5. He redeem the mutual fund and get the benefit from it.
As i have to file ITR-4 for his return.
Kindly give your suggestion on this situations
Thanks & Regards,
Dhaval
CAclubindia
