what happens if a person with 1.5 lakh income yearly files return for 2.5 lakhs is this legally ok
Answer nowIn ITR 2 form there is no Column for income from pension. I have income from salaries and pension. If income from pension is added to salaries, then the income from salaries does not tally with the form16 already issued. I have to now file the ITR2 before july 31.
Answer nowProprietor pays for repairs of Building (Building in name of proprietor and shown in personal books of proprietor )to contractor. The proprietorship concern is under tax audit. Is tds required to be deducted under 194 c by proprietor for repairs? Assuming all limits for amount paid is exceeded during the year
Answer nowis it require to show gift from relatives in itr. what if you dont show in itr
Answer nowsir please let me know that if i sale goods in multiple bills to a person totaling more than 200000 and if also accept multiple cash payments each less than 200000 at different dates will it attract any penalty u/s 269ST or any other according to new law
Sir,
I have filed my income tax return on 31/08/2015 (within due date) for AY 2015-16. At that time i have just uploaded the return and failed to send the ITR V to CPC. efiling website shows the status as just "return uploaded". I have applied for refund in this return.
Please suggest the suitable action that i have to proceed with now for further processing of my IT return.
Thanks in advance.
What is difference between section 234E and 271h .
I mean both section for penalty for failure to furnish statement.
But amt of penalty are different as well as in sec.271h also specify that penalty for furnish incorrect info.
Ultimately my question is that both section heading is penalty for failure to furnish statement.
my uncle has FD on which bank has deducted TDS@20% due to non furnish of PAN can it is claimed for refund???
Answer nowMy bank has deducted TDs for my fd after submitting form 15 G and I have no tax able income so I can file income tax returns for my refund which deducted bank as TDs.
Answer nowDear friends, pls confirm..can I revise it return for 2015-16..what is procedure.....in revised returns I wanted to claim my f&o trading loss.. whether this f&o loss will be carried forward or not
Answer now
overstating income