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Recent Questions

Question added Jun 11, 2014 Income Tax By R.D KUMAWAT , CA , Jaipur

answers

273 views

Q. Taxation - when is required to file ITR for a govt. employee. He is tax payer. and what is penalties and provision under income tax if he failure to file ITR

Question added Jun 11, 2014 Income Tax By CA Vikas Kapoor , CA , Lucknow

answers

185 views

Q. long term capital gain taxability - 1) Assessee has claimed exemption u/s 54F in one a.y. in respect of capital gain on long term capital assest by purchasing a new house.

2) In the next a.y. he has sold his residential house other than the new house purchased for 54F exemption.

3) Can he now claim exemtion u/s 54 by purchasing/constructing new house?

4) If so than what happens to proviso to section 54F, which says assessee can not purchase/construct new house other than the one already puchased/constructed for exemtion u/s 54F.

--
Thanks & Regards

Vikas

Question added Jun 11, 2014 Income Tax By CA Shraddha Vora , CA , Mumbai

answers

323 views

Q. Conversion of business asset to capital asset - A building was used for business till 1986. Thereafter, no business activities were carried out absolutely. Also, no Balance Sheet, Income Tax returns were filed since then for last 27 years.

Whether it can be considered as capital asset since 1986 or it still needs to be considered as business asset and depreciation has to be claimed thereon?

- Meera

Question added Jun 04, 2014 Income Tax By CA Jaswant Rohilla , CA , NAJAFGARH

answers

272 views

Q. TDS - I file TDS return for 2009-10 Q2 where PAN of One Dedutee not Available, Now I received a notice for Interest on TDS late DEposit, for filing Correction Whehter I require to quote PAN of the Deductee not avaialble at the time of Filing original return available at the time , if the PAN still not avaialble whats the penalty.

Question added Jun 03, 2014 Income Tax By RK Gupta , CA , East Delhi

answers

248 views

Q. TDS-CPC -

I am at the moment overseas and need your kind help to know whether the TDS-CPC website for Form 26AS is not working?

Thanks
Regards
CA Rakesh Kumar

Question added Jun 02, 2014 Income Tax By bipin hirpara , CA

answers

307 views

Q. HRA & Sec.24 deduction - I have vacant house at city A, for which I am paying EMI, At city B where I am working I am paying rent. Can I claim HRA(City-B)& Interest U/s.24 & Principal u/s 80C (City-A)simultaniously

Anwered By : shankygarg

Question added Jun 02, 2014 Income Tax By RK Gupta , CA , East Delhi

answers

111 views

Q. ITR 4 - I am at the moment overseas and was for some time in CA practice in 2014-15 and also have capital gain income.

So accordingly I should be using ITR4 like in earlier years. But I don’t see the required form on incometax.gov.in http://incometaxindia.gov.in/download_all.asp

Could you kindly help.

Thanks
Regards
CA RKumar

Question added May 27, 2014 Income Tax By AMAR , CA , Surat

answers

289 views

Q. capital gain - 5yera old lan (value 200000) and construction of bunglow on it 1yera old (value 300000) and now sale for rs 700000 ..so what is capital gain...whether land portion gain called long term and bunglow portion gain called short term? if yes then how to calculate the land gain meand cost and sale value????

Question added May 22, 2014 Income Tax By Ajeet Yadav , Gurgaon

answers

377 views

Q. tds deduct on intrest recived to compulsory acquisition of agriculture land - tds deduct on intrest recived to compulsory acquisition of agriculture land. any latest punjab and haryana high court case ,court said that tds not deduct from interest received on compulsory acquisition of agricultural land

Question added May 21, 2014 Income Tax By CA Gaurav Narang , CA , Karnal

answers

176 views

Q. tds on trade mark registration - sir,
we paid fees for trade mark registration 78000.00 out of these registration fees is 42000 & rest is agent fees.So,I just want to confirm whether we have to deduct TDS on it. & if yes then under which sec & please provide any reference.

Question added May 20, 2014 Income Tax By JITENDRA KUMAR AGARWAL , CA , Sikar

answers

143 views

Q. PAN CARD - A ILLITERATE LADY DONT HAVE ANY DOCUMENT FOR DOB.SHE WANT MAKE HIS PAN CARD.BIRTH CERTIFICATE AND AFFIDAVIT IS NOT MADE BY COURT

Question added May 19, 2014 Income Tax By Aaradhna Chauhan , Delhi

answers

191 views

Q. notice u/s 245 - i have received a notice under sec. 245 due to mismatch of tds deductor

Anwered By : shankygarg

Question added May 16, 2014 Income Tax By CA Shraddha Vora , CA , Mumbai

answers

235 views

Q. Tax implication in redevelopment cases - I, along with my 4 partners(living in the same building) are entering into a redevelopment agreement with a builder. vide this agreement, the builder is contructing and giving us a little more than the area which we hand over (FSI accrued on existing area not calculated in existing area handed over) and some amount towards corpus fund. What will be the tax implication under this situation. Kindly provide appropriate case laws to support your opinions.

Question added May 15, 2014 Income Tax By JITENDRA KUMAR AGARWAL , CA , Sikar

answers

301 views

Question added May 14, 2014 Income Tax By Vishal Purohit , CA , Ludhiana

answers

258 views

Q. TDS - Deductor mistakenly filled the challan for Non-Co. deductee whereas actually the deductee was Company assesse. Will deductee face any problem while claiming the amt of TDS, what is the possible remedy?
Thank you

Question added May 09, 2014 Income Tax By K George Philip , CA , Thiruvananthapuram

answers

161 views

Q. Capital Gains - What is cost inflation index for FY 2014-15

Anwered By : CA Satuti Mahajan shankygarg

Question added May 06, 2014 Income Tax By MANGILAL TAWARI , CA , Jaisalmer

answers

117 views

Q. Short Deduction - One Govt. dept. has short deducted TDS of one employee. The employee deposited short income-tax on his PAN No. Now the TDS return not take the income tax deposit on PAN No. and not generated the TDS Return. Please give the advice how to submit TDS return.

Anwered By : CA Satuti Mahajan

Question added May 06, 2014 Income Tax By Neeraj Dhikoliya , Chennai

answers

235 views

Q. TDS Short Deduction - Our one of the govt dept client deposited TDS of one employee as short deduction of income tax but later Govt dept deposited the balance tax on his Pan No and now we are not able to generate the TDS return .Please give the advice for above solution .

Question added May 05, 2014 Income Tax By Laxmikant Lahoti , CA , Jalgaon

answers

199 views

Q. TDS - Can excess TDS paid be refunded or adjusted in subsequent returns? Plz quote reference with appropriate circular or notification

Anwered By : CA Satuti Mahajan

Question added May 05, 2014 Income Tax By Ashutosh , CS

answers

158 views

Q. Income Tax - Sir, I want to ask what is the meaning of DA forming part of salary/retirement benifit...

Anwered By : CA Satuti Mahajan

Question added May 01, 2014 Income Tax By MOHIT MENDAWAT , Sawai Madhopur

answers

220 views

Q. income tax - sir,
if i transfer an asset on lease and after the lease period the asset will become ownership of lessee, then at what point of time i will be liable to pay capital gain tax, if any

Question added Apr 30, 2014 Income Tax By srishendu kumar , New Delhi

answers

248 views

Q. TDS U/S 195 - Whether payment against purchase of "CUSTOMER PREFERENCE SOFTWARE" (COPYRIGHT PODUCT), is applicable to deduct TDS u/s 195. If yes then what will be the rate of TDS.

Question added Apr 29, 2014 Income Tax By AJAY CHANDER , North Delhi

answers

263 views

Q. Form 15G - How to present autosweep FD details in relevant column of form 15G and when it should be submitted to bank during F.Y.

Question added Apr 26, 2014 Income Tax By prashant , Indore

answers

143 views

Q. capital gain - my client sale a plot in 34 months, is he cliam long term capital gaon

Anwered By : shankygarg

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