CS VENKATARAMANAN S
23 December 2016 at 13:14

Best tds software

I Came to know lot of tds softwares available in the market. which one is the best software? kindly help me

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anirudh
22 December 2016 at 22:28

About refund

dear sir
I had received a mail from cpc regarding refund withheld for ac no verification and a response sheet was attached. I replied with duly filled response sheet on 16/11/2016 to CPC. but still no acknowledgement from cpc for that response sheet no refund yet.
plz tell me how to track that response sheet status
thanx

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Anonymous

Dear All
One of employee has provided us the rent slip to claim the deduction of HRA pls clarify since we are deductor is it our responsibility to authenticate the rent receipt also provided by employee in case if HRA exemption has been given in form of providing fake rent slip by employee. Then any consequence of for employer?

Pls suggest..

Regards
Mukul Jain

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Jagannathan
21 December 2016 at 13:20

Tds ~ Is deductor beneficial. A loophole?

As all know tds is to be deducted when payment/Credit whichever is earlier.. Now assume a big shot company say 'X1' deducts amount something in crores. And what it does is it gives for a rotation on the tds amt which has to be remitted to gvt within due date say 7 of sub month. So company does for a maximum gain i.e from the date of deduction (much closer to previous payment due date) to the actual payment of tds it gains interest from rotation and enjoys.. So my question is, earning income out of tax liability should be brought under tax right.. (Strictly speaking to be punished)... Any views on this ?....

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Atul M

Dear Experts, Is compulsory to be offered deemed rent on purchase of Property as per income tax? g

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alpesh
20 December 2016 at 09:22

Tds related

dear sir whether may cilent has paid remuneration to partners and he is audited 44 AB whether he has deducted tds from remuneration of Rs 500000 per annum.it is deducted audited case or non audited case.

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Ritesh Singh
20 December 2016 at 00:08

Mutual fund taxability

Is mutual fund after maturity taxable? If yes then under which head of income?

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Anonymous


Dear Sir,

This is with reference to IT Dept notice "Compliance of Non-filers Monitoring System (NMS)" for AY 15-16.

I would like to furnish the following details and request our learned expert to suggest further course
of action.

1) I have not filled IT Return for AY 15-16 as i am NRI (Since 15 June 2014)
2) Employer have deducted tax for the month of April 14 and May 14 (Rs 3440) for income from salary of Rs. 104000.
3) TDS (saving account) is deducted for AY 15-16 (Rs 5119) for income from interest of Rs 50974.

From the above details it is evident that NO TAX is payable for the said AY.

Kindly confirm can i now claim TAX RETURN of (3440 + 5119 = Rs 8559) as my total income in India is only Rs. 154974.

Shall I fill the ITR with TAX RETURN or WITHOUT TAX RETURN... PLEASE SUGGEST

Thanks for your assistance in advance.

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shobhit
18 December 2016 at 01:21

Compliance notice received

DEAR FRIENDS 

ONE OF MY NEW CLIENT FOR WHOM I FILED ITR FOR AY 15-16 & 16-17. BUT JUST AFTER 2 DAYS RECEIVED COMPLIANCE NOTICE ASKING FOR AY 13-14 & 14-15 RETURN.. NOT ONLY THIS IN "RELATED INFORMATION SUMMARY" TAB, I HAVE FOUND THE FOLLOWING

  FY             INFORMATION CODE                INFORMATION DESCRIPTION  

12-13              TDS 192A                    TDS RETURN- SALARY TO EMPLOYEES(SEC 192A)

12-13              TDS 192B                     TDS RETURN-SALARY TO EMPLOYEES (SEC 192B)

13-14               TDS 192A                    TDS RETURN- SALARY TO EMPLOYEES( SEC 192A)



ACTUALLY THE PROBLEM IS THAT HE WAS NOT AWARE OF TAX SYSTEM AND FILING ITR...NOW I HAVE THE FOLLOWING QUESTIONS.

1--- CAN HE BLAIM ME FOR THIS SITUATION AS THIS HAS HAPPENED AFTER I FILLED THE RETURN FOR 15-16 & 16-17

2-   IF I FILE THE RETURN FOR THE ABOVE YEARS, THEN CAN THE DEMAND OF RUPEES 5000 PER RETURN CAN BE ADJUSTED WITH THE REFUND ( IF ANY ).

3-   THERE IS NO TIME LIMIT MENTIONED IN THE EMAIL UNDER WHICH I HAVE TO REPLY....SO CAN I IGNORE IT             UNTILL THE RETURNS FOR AY 15-16 & 16-17 GET PROCESSED. 

4- IF WE CLICK ON OTHER TAB THEN WE HAVE TO MENTION THE REASONS FOR NON FILING.....THEN WHAT     CAN BE A GOOD REASON TO BE WRITTEN THERE....

4-  WHAT CAN BE THE BEST OPTION TO GET RID OF THIS PROBLEM???

PLEASE HELP

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Vinod
17 December 2016 at 10:04

Income from property

Dear sir, we had one agreeculture land area approx 6 acre of my grandfather name. They have four sons including my father. now my uncle and grandfather was death. land paper 7/12 in the name of my grandfather. above land taken by 1st uncle. and he gave 20 lakhs to three brother including my aunt. My aunt is housewife. she purchased resale flat rs 32 lakhs with above payment in 2012 and balance gold sold, loan from local friend etc. But now she getting rent from the same but never itr with other source income and property showed. How to ITR return the same.

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