My friend has gross insurance commission receipts of 325,000 and incurred for that is 27,000. Whether books of account required to maintain.
Answer nowI have rented a flat and I have received 6 moths rent as advance towards security deposit and received rent for 11 months. ( Rented from May) . During next financial year I shall receive rent for 7 months only as rent for remaining period will get adjusted from advance . Company has deducted TDS. Thus there is disproportionate Income & TDS deductions. Question is Can I show 11 months rent & TDS for this FY & Transfer Rent Income & corresponding TDS to next year? Is this acceptable.
2. I have received part consultancy income FY 16-17 & balance in FY 17-18 . The company however deducted total TDS during FY 16-17. Can I balance this out i.e. Transfer corresponding TDS to 17-18.
Thanks
JCR
i have a Govt employee and my income tax deducted in FY 2010-11 by my employer and not booked in my PAN in respective FY. i have filed ITR in same FY now IT department raised demand. i have intimated to respective AO in this regard but my demand not dropped by AO yet. please convey what should do at my end
Answer now
Doneted Rs.61000.(eligible for50% deduction.Gross income is Rs.687000. Deduction u/s 80C & 80TTA is Rs.150000 & Rs.4000. How much deduction is available u/s 80G, & total tax liability. While filling the respective Sch of Donetions in ITR - 2, the eligible amount is caculated as 50% of Rs.61000 i.e.Rs.30500. How to fill / arrive at correct amount in ITR - 2. Please, guide.
Answer nowi want to know that if i take deduction other then in my Form 16a ( salary ) like medical premium and Rent paid( section 80GG) to refund my TDS amount already deducted my employer but there is no actual taken either premium and Rent paid so is there any problem with that to file ITR means i show proof of the same ???????????
Answer nowOne question ?
After 01/07/2017 , if i don't link Pan with aadhar for income tax return ( Or mismatch of link betwwen PAN and aadhar ) for my clients ( LIC Agents ) and mention only aadhar no in the income tax return form ( ITR 3 ) for AY 2017-18,
then do you think that they ( LIC agents ) will get refund for AY 2017-18 without any problem ?
Thanks
Who can sign Return of Income,in case of an Individual, where the individual ,aged 88 years,is unable to attend to his personal matters.R.Dayal(18/6)
Answer nowDear Sir,
My friend has insurance commission receipts of RS.135,000/-
and expenses inured for that purpose is Rs.17,000/-
1) Whether books of account required to maintain.
2) And also explain in detail the above provision
If a bank deducts TDS, even after submitting 15G/15H, does the assessee has any remedy available from income tax / RBI perspective?
Answer now
whether 24 Q tds on salary on return
paid /credited to salary to employee = gross salary of employee
Accounts