How to know business category in filling business return,i mean for chossing others category, there are various others category, how to know which r related to which business.
Answer nowif a person is earning from tutions and interest income then will itr will be applicable for assessment year 17-18?
Answer nowHi, One of my client he is driver, he wants to pay tax but in Ay 15-16, he had filled itr 1 and now he is a self employed so we have to file itr 4 How to change the form from ITR1 TO ITR 4 and he is earning only 3 lakh, where i supposed to put this income in itr 4 for the assessment year 17-18
Answer nowHi
My property value ( basic +plc+ car park ) is 48 lakh . Including taxes and other charges it crosses 50 lakh . Should I deduct TDS
it's a construction linked payment and I have been making payments since 2009 . Now i have to make final payment
Please provide advise on applicability
Regards
Vinay madan
In context of ay 15~16
Sir,
269ss and 269st restricts cash transaction of accepting any loan and refund of the same in excess of 20000
Bt what if I provide a loan of 30000 in cash and accepts the same amount in cash?
Will it be admissible in my hands
Name :lalit gupta (jhansi )
I have filed my ITR for assessment year 2016-17 in may 2016,but as the Tax deducted in salary reciept(more) and 26AS(less) Were different ,the return first filed by CA as per 26AS and as i insisted him that the tax refund is more he just revised the return simply by increasing my exemptions amount and then again revised by myself as tax as per salary receipt and verified electronically as I do not knew about 26as ,the ITR now Shows Tax credit mismatch , i did not received intimation up to now neither ITR in process . asked in IT Deptt. And they are telling that return is in process and should wait for intimation but it has been a long time for this answer from their side..what should I do now
a Rs. 25lakh land purchased ,by Rs. 15 lakh in D/D and Rs. 10 lakh in cash, which withdrawn from bank in cash.Now sir my doubt is how to show that 10 lakh withdrawal in cash and paid to buy d land?and at what price land will shown,at time of transfer,to compute Capital gain/loss? Please advice Sir... thanks in advance..
Answer nowSUPPOSE I AM OPTING 44AD and further i breach provision of section 44AD by claiming lower profits than 8% as per the provisions of section 44A(1) and my income is below taxable limit even then i need to get my books audited u/s 44AB .Secondly suppose in the above case my turnover exceeds 1cr rupees. What will be the implications. Tax audit will be required or not?
Answer nowwe have been paid rent to an individual of Rs.14850 p.m for 8 months in 2016-17, as per agreement rent increased by Rs.5150 p.m for last four months hence TDS should be deducted on whole the amount of year. but we paid the increased rent for 4months in the month of May 17 after closure of2016-17 books of account. At this time can we deduct TDS on whole 2016-17 rent or on which we have paid later increased amount. kindly confirm Regards P.Srinivas 9030928277
Answer nowRESPECTED SIR,
IT IS WRITTEN IN THE ACT THAT SECTION 269ST IS APPLICABLE W.E.F 01.04.2017.
SIR, PLEASE CLEAR MY DOUBT THAT FROM WHICH FINANCIAL YEAR IT IS APPLICABLE ?
WHETHER FROM F.Y 2016-17 OR FROM F.Y. 2017-18
WITH REGARDS
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