M.M Sachora
16 June 2017 at 21:11

Advance Tax

if i am not paid Advance Tax of 15% of Tax on 15th june..(last date for first installment) can i pay directly 45% of advance tax on Second installment on or before 15th September to save interest on tax on which i was not paid on First installment????

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Mridul Kogta
16 June 2017 at 20:23

Tds

What in case if we filed 24Q for 2nd quarter (TDS for salary deducted, deposited and filed 24Q) and thereafter there are no employees for whom we have to deduct TDS and thus not filed Q3 and Q4 TDS return.
In such a case how can we download Form 16 from Traces website ? Since, in case of Form 16, we can download only in case we filed 24Q for Q4
Can we file non declaration for TDS return filing for Q3 and Q4, and thereafter we can download / put request for downloading form 16 ???? and whether will it be acceptable on TRACES website ????

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RAJU KUMAR

A person having income only from salary head and according to from 16 TDS already deducted by employer but paid after due date along with interest . In this case if person/employee filed his return after due date.
Can ITD levy interest on such tax under section 234A,B,C to employee under intimation u/s 143(1) ?

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swasti
16 June 2017 at 19:30

80g

If an Individual / company donates land to a charitable trust registered u/s 12A of the Income tax Act, would the individual / company eligible for getting exemption u/s 80G? If yes, how would it be calculated?

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Mukesh Kumar Sharma
16 June 2017 at 19:05

About Income Tax

I am a service provider & I earned from service provide Rs. 42000×12 = 504000/- for the F.Y. 2016-17 I paid to my staff Rs. 4000×2 = 8000×12 = 96000/- than what's my income tax & How ?? Plz explain...

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Guest

I file my TDS return, but now a deductee converted into LLP from Private company. Now how can file these corrections.....Thanks in advance.

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U K Prabhu
16 June 2017 at 16:26

Itr2-xml file generation

I am filing my own return on line. My income is within 10 lakh. ( Pension+Interest on TDs+STCG from stock market)
This year while filing the return I tried to down load XML file. Following message displayed.
Quote : At line number 1288. Invalid content as found starting with element ‘ITRForm-Movable Assets’.One of ‘( http://incometaxindiaefiling.gov.in Immovable flag)’ is expected.... unquote.
I h ave a residential house which is self occupied. There is no other immovable. I have selected applicable sheets schedule HP and AL as N in home page of ITR-2.
Please let me know whether these two schedules are to be filled and validated though there is no income from my immovable.

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Anonymous

Hi All

I am a grain merchant. I file TDS online on a monthly basis.

I recently realized that I have been submitting my TDS under the wrong MAJOR head (0020-Company Deductees instead of 0021-Non Company Deductees). But the funny thing is that I never received a notice from the Income Tax Department about the same.

What should I do about it? Or I should just leave the matter and start filing my TDS under the correct MAJOR head from now on?

Thanks in advance.

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sameer joshi
16 June 2017 at 11:32

Interest income

Hi experts. My relative has opened 1 year FD for Rs 100000 on 1-12-2016.Interest recivivable is Rs 7196 on 1-12-2017. While filing itr for AY 17-18 whether interest should be shown proportionately or only after receiving on 1-12-17 I.e for A.Y 18-19. Please guide me. (TDS NOT DEDUCTED). Thanks in advance.

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amarender
16 June 2017 at 11:24

Income

i received income from contractee as contract basis that amount is 847522 in F.Y 2016-17. they are directly transfer to my bank account in every month..so i want file ITR-4, where shouid i show my income in the ITR-4 ??

Either
1).Through a/c payee cheque or a/c payee bank draft or bank electronic clearing system received before specified date
or
2). Any other mode

which option is better to show my income in ITR Return-4 ??

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