Do NRI's eligible for basic exemption limit?
Answer nowHusband & Wife jointly purchased under-construction property from a very reputed builder in Bre. The buyers are to deduct 1 % TDS from the sale value for every payment made.The builder got us to sign in the purchase agreement that he will file the TDS on our behalf,which is a usual practice followed by big time builders. As per IT rules, TDS on the installments have to be remitted by each of the joint buyers for 50 % of the installment value. Unfortunately the builder deducted full TDS from the 1st named buyer only, with out consulting us, may be for his own convenience. This is clearly against IT rules in force,although full money due to govt has been remitted. If the mistake is not corrected, ITOs may issue us notices and harass us. Cancelling the challans,obtaining refunds and refiling with penalty,interest,fine etc could cost us heavily. Is there any way of rectifying this mistake ? Can some Tax lawyer/ practitioner undertakes this task for us ?
Answer nowsir an assesse file itr 4s with income of rs 250000 to 300000 in earlier A.Y s and he take a loan for its bussines and now in current P.Y his business is not doing well nd he is not earned well and he wants to file his itr with lower income earned. please Help me whether it is possible md if possible then what are consequence 's as per income tax nd bank ?
Answer nowWith new amendment subsection (1D) whether Tcs is applicable if Buyer uses goods for self consumption ?
Answer now
dear all
partnership firm having sale of rs. 30 lakh, and net loss of rs. 2 lakh. for fy 2015-16 ay 2016-17.
is required to conduct audit u/s 44AD of 44AB of income tax act.
thanks
My Clint is running an institution as a partnership firm whereby he undertakes project work for B.tech students and also conduct java classes, what will b d income from d above assesses under. Whether Profession or business service?
Answer nowDoes the Calibration charges provided , falls under the deduction of TDS under 194 J Or 194 C ?
Answer nowI am trying to file ITR2A for HUF .At time of verification I am entering PAN no. Of HUF . They are discarding by saying the 4th letter must be P which cannot be in case of HUF . So I am unable to file the return
Answer nowif a persons income cross 10 lakh. or his income under 30% tax slab rate. if he give donation to some trust who registered under income tax act with 100% deduction. if he give 10 thousand donation to one of trust then how much tax he save. I mean how much benifit he got. pls answer sir
Answer now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Advance tax