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Pawan   21 December 2015 at 09:28

Advice

Sir,

I want to sell my house, Please advice me whether I sell it on or before 31Mar.2016 or after 31Mar.2016 to avail maximum time to purchase the new property without any pressure of Long Term Capital Gain tax.

santosh   19 December 2015 at 15:23

Procedure of sec. 119(2)(b) of filing return

Please anybody say the Procedure of sec. 119(2)(b) of filing Return.Please provide a sample of application of Sec 119(2)(b) for getting I.T. Refund of A.Y. 2013-14.

santosh   19 December 2015 at 15:01

How jurisdiction of income tax can be changed

how jurisdiction of income tax can be changed Please anyone answer this question.

santosh   18 December 2015 at 19:24

How to show 8 years or more old land property

One of my client a gift of land property received from her father in 8 years ago.She forget to show that land property. The deed value of the land is 8 lakh and the Market value on the recent date is 35 Lakh. Now my question is how this land property can be shown in income tax file because her old IT return had been submitted. Please answer anyone of my question. My second question is if she purchased land property in the year 2010 and not shown in it file. Now how she show this land property in current financial year.

santosh   18 December 2015 at 15:30

Taxable defective return a.y.-2013-14 u/s 139(9) and how to get refund

One of my client had been online submitted I. T. Return A.Y.-2013-14 in ITR-4 on Dtd. 14.09.2013 in wrong jurisdiction.The return is fully defected. My client is a mechanic of maruti. He working as a contractor and a number of mechanic working under his supervision. He receives money in u/s 194C and TDS deposited according to. Now the above said In A.Y.-2013-14 a it return is deposited on dtd. 14.09.2013, All the figure in the return ie. s/debtors, s/creditors, cash in hand , Net profit etc. is wrong mentioned.The Return shows that there was a 16920/- tax and no self assessment tax paid against it. A notice u/s 139(9) of IT Act 1961 received on dtd. 13/12/2013 in annexure-A from the local income tax office. The client not replied against it., Thereafter ITR-V send afrer sign and received by cpc Bangaluru after due time. There was no notice no. mentioned in the notice.After telephonic conversation from CPC it is known that the Return will not process as it is received after due time.Now if I put all the correct figure in I.T. return then there will be refund in A.Y.-2013-14. I want to get refund after putting all the correct figure in the I.T, Return in A.Y.-2013-14. Now what to do for filling correct return and to get refund. Please anybody help me in this matter.

From
Santosh Sharma
Jamuria, Asansol
West Bengal

manish patel   17 December 2015 at 20:28

Interest received from bank by co.operative housing society

An Assesse,Co.Operative Housing Society (non trading association) has received interest income from bank more than Rs.10,000/-. Current financial year is first financial year of this society. Now it has no any taxable income of this year. Should Society given a TDS form no. 15-G & 15-H to the bank.?

Nick Ch   16 December 2015 at 22:36

Query related to tin & vat

Hi
I just registered a firm (apparel Business) and am planning to sell products online. Most of the websites mentions that we need to have a VAT / CST to sell products. While registering the business we have received the TIN Number . Can I sell products with TIN Number . Is it the same as VAT/CST or do I need to apply for VAT/CST separate.

Please advice

Regards
Nick

Gunjan   16 December 2015 at 20:29

Gift tax

What is the percentage of tax that will b levied if I was to gift a part of my property sales that I have inherited from my deceased husband to my sister's kids

RANJAN DEY CHOUDHURY   16 December 2015 at 08:32

Rebate in income tax in house rent

Our department is permitted to rebate only for 10% of the total amount of HRA drawn during the FY. My query is How much amt will get rebate in tax and upto what extent. Is our department is correct. Please clarify.

priyanka a. mundada   15 December 2015 at 15:03

Refund

NEED ONE SUGGESTION FOR INCOME TAX REFUND FOR AY 2015-16-
ONE PRIVATE LTD COMPANY CONVERTED INTO LLP AS ON 02.12.2014, BUT MY CLIENT HAD NOT MERGED THE BOOKS OF ACCOUNT AND ALL BANK TRANSACTIONS WERE CONTINUE IN PVT LTD ONLY.THEN FOR 31.03.2015 HE HAS SUBMITTED BALANCE SHEET FOR BOTH PVT LTD (FROM 01.04.14 TO 31.03.15 - NIL BALANCE SHEET) AND LLP (FROM 02.12.2014 TO 31.03.2015)
AFTER THIS ALL, BEFORE TAX AUDIT HE HAS CLOSED HIS BANK ACCOUNT OF PVT LTD COMPANY AND THEN FILED RETURN WITH REFUND OF RS 450000 AROUND. NOW THE REFUND CHQ. IS ISSUED IN THE NAME OF PVT LTD COMPANY.
MY QUESTION IS-
HOW TO CLAIM REFUND OF THAT PVT LTD COMPANY??