My client is a yoga instructor and gets a professional fees of Rs 1,00,000/- which is below taxable limit which form should I fill?
Answer nowI have a query as to whether any compensation received under redevlopment programme from the builder for temporary shift of residence taxable?
Answer nowI have filled itr 7 along with 10b for ay 15-16 on 31/03/2017 but now i have received a mail 139(9) error code 57 that as the income exceed 2.5 lakha audit is required hence file form 10b along with necessary details
Please let me know what is the solution should i agree or disagree to the reply of defective return
Dear,
We are in advertising agency and we provide various services to one of our client as print media and design.
If he is deducting 10% on each services is it allowable or he has to deduct 2% on print media and 10% on design.
tds deduction in 31st mar 17 and deposit 13.5.17. pls update tds late payment interest rate and calculation
Answer nowHi experts, One of my client they have already registered in income tax site before 3 years but they forgot the password, now they are earning some business income and they don't have tds thing to change the password.... How to reset the password and i am trying to change through bank account but i couldn't Can you help me out to reset the password please
Answer nowas per finance act 17, rebate u/s 87A is 2500 for individuals whose income doesnt exceeding 350000 . does that mean that for those people whose income is above 350000 but below 500000 can claim 5000 as rebate ?
Answer nowmy invoice amount is 98000/- service tax is 14210/- whether I am liable to deduct TDS or not u/s 194c
Answer nowI applied for TDS return of the year 1013-14 and refund amount as per income tax has been done but i found that account number is wrongly written and i checked in the bank but koi bi amount uss other account mai transfer ni hua hai... so now aap sab tell me... what should i do.. (i also give notice to income tax department but nathing happen so plz tell me ..
Answer nowDear Sir,
There is a firm providing services like Software development, website development, etc. In A.Y 2017-18, there is a loss of 141,000. Remuneration paid to partners is 230,000. No interest on capital is paid as the firm is dissolved with effect from 01.04.2017.
There are few expenses debited to P/L which will be disallowed as per Income Tax. The amount disallowed is 40,000.
Now my question is: Whether audit will be applicable for A.Y 2017-18 ? Will partners remuneration up to the limit of 150,000 be allowed ? As per amendment for A.Y 2017-18, partners remuneration is to be excluded just for the calculation of 8% of profit ? Will tax audit be applicable in the above case ?
Income Tax return form