If an individual filed return of particular year bcz his income was more than basic exemption but afterwards his income is below basic exemption then is it compulsory to file return or not for that particular year?
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My client's commission amount has been deducted by Indian post office from A.Y 2013-14 to 2017-18 under section 194H. But she was not filed IT returns and not claimed TDS refund. Now she came and asked me to claim refund. But I have one doubt that is 'Her income less than the tax slab (i.e income 60000/year). Shall she need to file returns or any form that declares 'my income is less than tax slab so refund the TDS amount'.
Please guide me in this case
Dear Sir,
I want to knw, for the filing the return of Proprietor as ITR 4, online, in the column of INCOME DETAILS - Income from Business & Profession is disable so i check the column of NOB BP - in that column Pnl is not showing, only 44ADA, 44AD,44AE is showing,,
So how will i recorded the data related to Pnl in online portal????
Hello,
I am a Civil Contractor. If I receive amount more than Rs. 200000.00 in the year 2017-18 against the various bills raised by me on various dated to a person. Shall I liable for penalty under Section 269ST of Income tax Act?
TDS Deducted by Employer based on investment declaration from employee in the beginning of the year but in the middle of the year employee left the job and he has not provided any investment proof. in this case is there any penalty on employer for deducting tax based on investment declaration given by employee? In any way employer will be responsible for short deducted or excess deducted of tax based on investment declaration given by employee.
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Hello Sir/Madam,
An individual has the following details for FY 2014-15:
1. Gross tax liability: Rs.70938/-
2. Relief u/s 89: Rs.50755/-
3. Total income tax liability: Rs.20183/-
4. TDS: Rs.26199/-
5. Refund:Rs.6020/-
His only fault is that he filed his income tax return ITR-1 late in March 2017.
Is he liable to pay interest u/s 234A, 234B and 234C.
I strongly believe that is he not liable to pay interest under any of these sections.
Please reply as soon as possible.
I have filed income tax return of previous years but forgot to claim tds deducted in those years. Can I claim tds deducted in those years in the ITR of Ay 2017-18??
Answer nowMy father needs to change his name in Pan Card. His name is Shailendra Gupta but in Pan they accidentally made it Surinder Gupta. His Aadhar Card and all school, college certificates are under Shailendra Gupta. How can he change name in Pan?
Answer nowOne of my friend deposited 2.40 L cash during demonetization.When she filed her ITR, she forgot to mention that cash deposit.She has mainly income from other sources. Now what to do...pls guide.
Answer nowHi, my query is whether the employer who provides perquisites like rent free accommodation, credit card etc is eligible to deduct the same in his return?
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