Sir,
As per Circular 30/2016 dt. 29/04/2016 of CBDT due date extended for filing of TDS Statement for 4th Qtr. of F.Y. 2016-17 to 31.05.2017. I have e-filed TDS statement (24Q) of Govt. deductor on 16.05.2017 for the 4th Qtr. of F.Y. 2016-17. And intimation received u/s 200A levying penalty of Rs.200/-.
Please let me know the reason. Is it the fault of department or no circular issued by department extending date of filing.

what is the consequences of non submitting Form 61A. what if we got caught by assessment us 143(2) for the said transaction. Kindly explain the concept of penalty of non disclosure

Last year one of my client(individual assessee) had turnover of Rs.1.25.00 cr but since the profit was less than 8% hence audit was conducted(due to section 44AD) Now this year he has paid job work to some party of Rs.180000/-(Turnover is still less than 2 Cr) Please guide me in this regard Thanks

what is meaning of 24 Q in column 320
Specifies the Amount paid to deductee.

Whether every person having Tax Audit has to file Statement of Financial Transactions or not?

Dear Experts,
Income tax law has added the entities in the definition of reportable persons u/s 285BA read with 114E which are liable for audit u/s 44AB. My humble queries are -
1. Whether the person is required to file a NIL report in form 61A, means is it compulsory to file?
2. If a firm has a turnover of less than 1 crore but to avoid presumptive taxation u/s 44AD, it conducts audit. Will this firm fall in the category so as to file form 61A.
Please answer promptly as the deadline is 31st May 2017.
Thanks for your time.

if i got profit in short term capital gain of Rs. 40000/- for Fy 2016-17 , so what tax amount on profit and who will liable to pay tax , brokerage CO. or individual , what is last date of tax deposit or any penalty

i am already member of icai and having membership no. Now i am planning to start my own practice so which form should fill to get the cop as i am already member of institute. Thanks in advance.

Dear Experts,
an asset WDV is Re. 71

pls clarify :- should i charge depreciation by Re. 70 and left Re. 1 till tbe asset is exist.

Dep. A/C Dr....70
To Asset........70

however if we do charge excess dep. then specified percentage. the excess dep. will be disallowed during the income tax assessment.

so pls let me know should i dep. by 70 or should i charge dep. 15% per year till the asset WDV left Re. 1

what to do in this case.....

Thanks
ASAP

Title:None,Content:Sir i want to know about the aggregation rule for cash payments received above 2,00,000 and above for sale of goods and services.  For example if there are number of bills on deferent dates for sale of goods to a single person.(aggregate amount is more than 200000 but no single bill is more than 20000). Aggregate amount of Cash received against these bills is more than 200000.(Cash is received on different dates. For one date cash received is less than 20000.)