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

Answer now

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.

Answer now

Vinod
17 December 2016 at 09:32

Which Form ITR

Dear sir, I am getting income following source 1. Admin Executive salary from pvt ltd company with form 16 2. Rent from 1 shop and 1 House 3. Business tours & travels and transportation and also sometime labour supply now i want return Itr but confiuse which ITR form use

Answer now

Tina Jain
16 December 2016 at 21:28

Taxability

If an assesee is having one shop and do business of trading and his son also co assist his father in that business then how the profitability will be taxed and in whose hands.

Answer now

Mahendra Singh Rao

Respected Sir,
My Query is that my client received notice but in that notice 15 days time limit is given whether such date is that is considered from date of communication or date of receipt of manual notice.My second question is that whether such return is filed before due date then whether we may go for revised or rectified the defects. What Happen if such return is filed after due dates

Answer now

Deviprasad
15 December 2016 at 21:57

Commissions tax

I am a service dealer for Hero two wheeler.i sell the vehicles of my main dealer.he gives incentive or commission for me very quarter by paying tds tax in194h.All sale is show in his books I am not all consider for the sale.finally what i want to know at the end of year how much tax I must pay to the INcome tax dept if I am in 30slab.Ex:-if get 1000000/- in the name of commissions

Answer now


Anonymous
15 December 2016 at 18:15

Tds to be deducted or not

wheteher TDS to be deducted or not.

Advance salary Given-
Advance against salary-
In both case whether TDS to be deducted or not. please explain in detail.

Answer now


Anonymous
15 December 2016 at 15:13

Capital gain tax on non agri land

I HAVE RECEIVED INHERITANCE AGRICULTURE LAND IN 2005 AND AFTER THAT I HAVE CONVERTED TO NON AGRICULTURE LAND IN 2015 AND I WANT TO SALE THIS NON AGRI LAND.

MY QUESTION IS ???????

1) WHAT THE COST OF ACQUISITION ????
AND
2) HOW THE CAPITAL GAIN TAX PROVISION APPLICABLE ON THIS TRANSACTION????

Answer now

musabbir
15 December 2016 at 12:15

Tds deduction on vat bill

TDS will be deducted on VAT Bill

ex. bill Amount 100000
vat 6% 6000
Total Bill Amount 106000
So the tax will be deducted on 100000 or 106000

Answer now


Anonymous
15 December 2016 at 11:59

Long term capital gain tax

Hi ..I need help In a matter of Long term capital gain tax exemption...
Last month I sold my land property and LTCG in that deal is calculated 32 lakh. I don’t have any house property in my name at present. I want to invest that whole amount to buy a house worth Rs 65 lakh.. The rest of amount i.e (65-32=33 lakh) is to be invested by my aunt’s son (buaji ka ladka).. we are willing to buy that house in joint ownership.

My Question is … am I eligible to claim LTCG exemption of my 32 lakh u/s 54 or 54f or others section) in case of joint ownership with aunt's son .. Please suggest me what should I do to deal with it...Thank you

Answer now





CCI Pro



Answer Query

Follow