20 rupees tax
This query is : Resolved
20 July 2009
dear members,
my tax liablity comes Rs.20 whether i have to pay tax or not any exemption under IT act, if i pay the expenses for filing return comes nearly Rs.500, what should i do.
my tax liablity comes Rs.20 whether i have to pay tax or not any exemption under IT act, if i pay the expenses for filing return comes nearly Rs.500, what should i do.
20 July 2009
Please understand that there are no expenses for filing an tax return. If you have a net tax liability of any amount after adjusting for all the deductions/exemptions available to you, you would have to first deposit the tax amount, with interest if any and then file the tax return on which no expense is to be incured.
Message likes :
1 times
20 July 2009
you have to the tax liability, does matter hoe much it is. If this would have been rs. 5 also then also you need to pay this amount.
And for deduction of expenses incurred on income tax return filing, you can claim this only when you have business income.
And for deduction of expenses incurred on income tax return filing, you can claim this only when you have business income.
20 July 2009
:)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- E way bill for tractors
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Specified Profession
- Suggestions required for income tax filing-software (FY 2025-26)
- TAN for Partnership
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
