banner_ad

girishkaregouda
17 June 2016 at 18:52

Advance tax

how to calculate advance tax

Answer now

adhithi

Do NRI's eligible for basic exemption limit?

Answer now

Johny Kutty

Husband & 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 now

ravinder

sir 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 now

Atish Agarwal
15 June 2016 at 18:15

Amendment in section 206c

With new amendment subsection (1D) whether Tcs is applicable if Buyer uses goods for self consumption ?

Answer now


Anonymous
14 June 2016 at 17:47

Audit liability u/s 44ad of 44ab

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

Answer now

Deepak Patel

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 now

SAI PRASAD
13 June 2016 at 15:30

Calibration Charges

Does the Calibration charges provided , falls under the deduction of TDS under 194 J Or 194 C ?

Answer now

Navpreetkaurlitt
12 June 2016 at 19:59

Itr

I 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 now

MOIN ALI
11 June 2016 at 20:31

80g donation

if 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





CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query

Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details