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
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Section 194JA & JB Income which ITR Form to use
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- Building tax payment deduction in rental Income
- Booth for sales promotion
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
