Answers on Income Tax (25,615)
 | Interest on fdrSir, I made term deposit in wife name with money earned with combined efforts (70:30 ratio) and submitted form 15G and forgot to include interest of it in my IT return submitted... Answered by Shyam Sunder Modani 9 years ago |
 | Showing side income other than form 16Hi, I work in a software company. They have given me form 16. I also earn from tutions. Can i show that tution income while filing income tax. If yes, in which section?? Answered by Shiv Kumar Agarwal 9 years ago |
| Bank deposit of over 50000Hello sir, if I deposit in the bank Rs. 50000 exactly from my savings, and I have no other source of income as I am a student, do I need to file any income tax form? As my PAN... Answered by Shiv Kumar Agarwal 9 years ago |
| ITR 4 without books of account caseMr. X had professional income of 7L in FY14-15 but has not maintained books of accounts for that year. In last FY 12-13 & 13-14 he filed ITR 4s for his another business income... Answered by Shiv Kumar Agarwal 9 years ago |
| Wrong category chosen in self-assessment taxHi, I have paid self assesment tax in wrong category for last year 2013-14.I should have filled Chalan no 280 but chosen 282 instead. Now IT has raised a demand and when i filed... Answered by Shiv Kumar Agarwal 9 years ago |
 | Non filing of income return - RegI got a notice dated 16/08/2015 with subject "Non filing of Income return - Reg" for A.Y. 2013-14 for non filing of return. In FY 2012-13 I sold a property for 16,00,000/- but... Answered by Prakash Sinha 9 years ago |
 | Land compensationI ‘m an NRI.I will be receiving the money from my parents. My parents will be receiving the Land compensation from High court on behalf of Govt of Tamilnadu.The land category is... Answered by B Vijaya Kumar 9 years ago |
| PF under Section 80CI had joined a job in previous financial year and left due to health concern. I had issued form 16 with TDS by employer with 80c exemption provision of PR Rs 52000/=.While I had... Answered by B Vijaya Kumar 9 years ago |
| Opening LLC in USA as Indian residentHi I am Indian Resident and i want to open LLC in USA, also bank account in USA for my LLC. I want to know am i allowed to do that ? There is no tax in USA for Non US resident... Answered by B Vijaya Kumar 9 years ago |
| Wrong category chosen in self-assessment taxHi, I have paid self assesment tax in wrong category for last year 2013-14.I should have filled Chalan no 280 but chosen 282 instead. Now IT has raised a demand and when i filed... Answered by B Vijaya Kumar 9 years ago |
| DTAAI spent a couple of months working in the USA in 2014-15 and received US salary I paid Federal and State income tax while I was there Can I claim tax credit through DTAA for... Answered by B Vijaya Kumar 9 years ago |
 | persumptive taxation ITR5In which colum to fill persumptive taxation for partnership firm. How to fill partner remuneration and interest. AY 2015-16 Answered by Vijay N. Kale 9 years ago |
| Share Trade income has to be shown as Business IncomeHi, would like to know if it is necessary to show the share trading income as business income and preparing balance sheet and P&L while filing returns from A.Y 15-16 My dad is a... Answered by Vijay N. Kale 9 years ago |
| Interest on fdrSir, I made term deposit in wife name with money earned with combined efforts (70:30 ratio) and submitted form 15G and forgot to include interest of it in my IT return submitted... Answered by Vijay N. Kale 9 years ago |
| ITR 4 without books of account caseMr. X had professional income of 7L in FY14-15 but has not maintained books of accounts for that year. In last FY 12-13 & 13-14 he filed ITR 4s for his another business income... Answered by Vijay N. Kale 9 years ago |
| Bank deposit of over 50000Hello sir, if I deposit in the bank Rs. 50000 exactly from my savings, and I have no other source of income as I am a student, do I need to file any income tax form? As my PAN... Answered by Vijay N. Kale 9 years ago |
| Opening LLC in USA as Indian residentHi I am Indian Resident and i want to open LLC in USA, also bank account in USA for my LLC. I want to know am i allowed to do that ? There is no tax in USA for Non US resident... Answered by Vijay N. Kale 9 years ago |
| Opening LLC in USA as Indian residentHi I am Indian Resident and i want to open LLC in USA, also bank account in USA for my LLC. I want to know am i allowed to do that ? There is no tax in USA for Non US resident... Answered by Vijay N. Kale 9 years ago |