Prateek
03 June 2017 at 22:18

Pension Income received by MP

Is the pension income received by Member of Parliament taxable under income from other sources or salary income?

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Vijay Dakhvani
03 June 2017 at 13:54

Itr

dear sir/madam one of my friend filed Itr for AY 2012-13 and he claimed tds refund but by mistake he fill wrong bank account no now how can I claim again that tds help me

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Guest
02 June 2017 at 20:50

44AD

Please explain section 44 AD(4)??? what is the intention of introducing such a provision through finance act 2016???

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Arya Hegde
02 June 2017 at 18:06

44ADA

Dear Sir/Madame I have an income of say 2,00,000/- in Fy 2016-17 on which TDS u/s 194J is made at 10% i.e., 20k. and I have salary income of 2,50,000/-. Will I fall under the purview of tax audit if I want to declare my professional income's net profit as an amount a)below 1,00,000/- b) if i opt for presumptive taxation and declare at 50% of Gross receipts i.e., - 1,00,000/- c) if I declare the whole of Gross receipts as income i.e., 2,00,000/- Will I fall under the purview of tax audit under the 3 circumstances mentioned above??

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Vinod Kathuria
02 June 2017 at 16:06

Itr

Assessee not maintaining books of accounts as per income tax act as he want to show income in Sec 44ad

His turnover all via bank is.................7000000
Purchase all payment through bank. 6500000
Direct exp all through bank.................40000
Indirect exp all through bank................50000
Net profit ( 5.71% of turnover )..........400000

Now his actual profit is 400000 ( 5.71% of turnover ) . Can he file itr 4s showing profit in itr 560000 (@ 8% of turnover)

He want this bcz he does not want to maintain books of accounts

Whether this situation is possible.
Another Que is what will be effect on vat if vat involved vat rate is tax free

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Anonymous
02 June 2017 at 14:17

Time barred return for claim of tds

Hello there,
I have not filied my return because of non taxable income for AY 2015-16. But now i wish to claim my TDS amount how should i proceed with this ?

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Rushabh
02 June 2017 at 14:14

Cash Payment

Can we make cash payment of salary to a single person aggregating 240000 before the amendment took place in 40a(3) i. e. For fy 2016-17.. And does it require to report these transaction under 114E(5)..

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Nitesh
01 June 2017 at 19:36

Allowances

my employer not show children education allowance and medical allowance in form 16. Can i claim medical allowance of rs. 15000/- and children education allowance rs. 1200/- in itr for f.y 2016-17 and claim refund?

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Piyush Shirodkar
01 June 2017 at 15:53

Tax Audit

*For a partnership firm for AY 2017-2018:* If a working partner is drawing a remuneration, is tax audit applicable for that partnership firm (even though the turnover is below the limit i.e. Rs. 2 crores)?

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Vivaan

kya mujhe koi bata sakta hai ay 17-18 ka return kab tak ja sakta hai

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