Dear Sir,
An Assesse has filed IT Return in A.Y. 2011-12 where in the Return he has wrongly entered the TAN Number of the Deductor and as such IT Deptt. has demanded the TDS amount deducted by that Deductor. Please tell whether it is possible to file rectification u/s. 154 now or if there is any other remedy.
Please suggest as the Assesse is in tension because the TDS amount is quite big.
Thanks,
Abhishek Roy Choudhury.
we received labour bill in April,16. but we have not deduct TDs. in August we have deducted TDs with late deduction interest & late payment interest,now my ca asked to us TDs return will be filed in first qtr. then traces imposed penalty 234e, because due date is 31 July 2016. but our knowledge the same TDs details show in second qtr 16. & we have already paid late deduction interest,qesti
Answer now
Whether the Late fees paid for Late filling of service tax return is allowable as a expenditure as per income tax act 1961.
Please reply,
I have deposited cash in banks of rs.50 lk received from sales of goods is there any problem in it
My Jurisdiction for PAN is Nagpur. I have relocated to Pune almost 15 yrs ago. My IT filings have been from the Pune Address. However, all correspondence had been going to Nagpur address where the house was broken down and for over 10 years, there was no one there. Even though the house there was built 3 years ago, no correspondence is received there.
The AO Jurisdiction for PAN does not have a contact number. There is no address either but area is mentioned and email id is given.
We have lost some important correspondence and old returns have been questioned with demand raised against one and adjusted with refunds. This was first noticed last year when e-filing was done and email was registered with IT Dept. The Sec 245 notice was served in 2016 June which we would have liked to explain our position, but due to AO being in Nagpur this has become near impossible without huge travel and time expenses. we finally accepted the demand and decided to pay the dues which though is Rs 200, but with records from 2008-09 not available to us online, it is a peculiar tangle.
Therefore I need advise on the following:
Q1. How to change the AO Jurisdiction?
Q2. I tried paying Tax online twice in last 10 days. There is no way I am getting to know where this money can be seen by me?
Q3. I had e-paid tax first time under Major Code Head 0021 and Minor Code Head 300. The second time, I paid under Major Code Head 0021 and Minor code Head 400. However, it is not clear still under which sub-sub column need i put the figure of Rs 200. I have placed it in Tax. Which one was correct? Paying under Minor Code Head 300 or 400?
Q4.Is it possible for me to take this matter up later after the AO Jurisdiction shifts to Pune? I would like to explain to the AO personally as they want since there is no record for those years online.
Thank you.
A bigger HUF consist of karta, his only son, son’s wife and their minor male child.
Son of the karta is also having a smaller HUF consisting of he himself as karta, his wife
and a minor son.
Karta of the bigger HUF expired leaving behind the only son who now became the karta of
erstwhile bigger HUF, now the karta of the bigger HUF and smaller HUF are the same persons.
Now the question arises that whether both of the HUF will be merged up into one HUF as karta
of both the HUF are same or both of the HUF will continue to remain separate as before.
Please Advise.
As per explanation 5 to section 32(1), it is mandatory to claim depreciation. what is the reason for making it mandatory, even when unabsorbed depreciation can b c/f for the indefinite period?
Answer now
IF HOUSING LOAN IS BORROWED BY A PERSON. LOAN STATEMENTSHOWING THE NAME OF BORROWER AS HIS SON, AND PERSON'S NAME IS SHOWN AS CO-BORROWER. AND ALL THE REPAYMENT IS DONE BY HIS SON. HIS SON IS SALARIED PERSON. CAN WE CLAIM HOUSING INTEREST + PRINCIPAL REPAYMENT IN INCOME TAX DEDUCTION IN PERSON A/C.
Answer nowDear Sir,
I have sold a plot of land and he purchase a residential house and cliamed deduction u/s 54F for purchase of residential house.
Even after taking deduction u/s 54F i am liabe to pay capital gain tax.
I have also paid some construction(renovation) expence in my newly aquired house property (renovation expence is much necessory to stay fit).
so my question is that can i take as dedction of construction (renovation) expence paid by me u/s 54F.?????
if any case law regarding this plese also suggest.
Thankin you.
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