if one firm "x " give assets and stock to "xy " (other relative partnership firm) at the time of dissolution of firm X
Is it possible ,if yes
then what will be tax liability on both firm

RESPECTED SIRS,
AN ASSESSEE IS INSURANCE AGENT. A. Y. 2015-16 ITR IS FILED WITH WRONG TDS FIGURES NOT RECENTLY CHECKING 26 AS TDS AMOUNT AND PAYMENT AMT ARE DIFFERENT. CPC HAS NOT PROCEED RETURN, AND JUST GOT RECEIPT OF ITR SEND.
SHOULD I FILE REVISED RETURN OF CPC WILL AUTOMATICALLY ADJUST TDS AMOUNTS.
PLEASE GUIDE URGENTLY.

dear sir, i have filed my client return on which tds has been deducted and which amounted to refund for ass/yr 2015/16 but i have failed to send the itr v to cpc bengaluru within 120 days so what to do to claim refund please let me know thanks

maine return file ki thi usme income thi pension, interest aur business profit se. unhone housing loan liya tha toh uske interest ki deduction bhi claim ki thi....ab intimation me deduction for interest on housing loan disallow krke demand nikal di hai department ne....ab kya karna chahiye?

As per company policy, an employee is allowed to claim one month basic salary as LTA. Now, if an employee does not claim LTA for 2014-15 and 2015-16. Employee performs travel in June 2016, claims LTA for FY 2014-15 and 2015-16. What is the amount of limit to be considered while calculating LTA exemption under Income tax Act. (i.e. whether only FY 2015-16 to be considered or total amount claimed by employee for FY 2014-15 and FY 2015-16 to be considered.

Hi,

My return has been transferred to my AO from CPC in august 2015, This is for AY2015-16. I am not in India and contacted my AO through grievance system. After 4 months, on December end my AO is saying that they do not have my return with them.So, I am not sure where is my return now as CPC is saying it is transferred to my AO.

Please suggest what shall I do in this case? Please note that I am not in India as of now.

Dear,,,,

Please advise me, How the LTA facility provided by employer to its employee, is there any specific condition for giving such facility to its employee,

It is granted on monthly as a part of employees earning or it will granted on yearly basis, what will be maximum amount provided to claim LTA

kindly advise me on upon above quarry

Hi All
I have received a Certificate u/s 197(1)/195 of the co. act 1961, i have read the artical but not getting anything. what should i being a deductor do after receiving it.
kindly reply........

thnx

Dear Friends / Experts,

Company has paid Advance for ‘Consultancy Service’ to it’s Associate Company and accordingly, deducted TDS and filed Form 26Q for Q1 - FY 2015-16. Thus, Company has issued Form 16A also to it’s Associate Company.

Due to various reasons, the proposed Service was never initiated and later, it was dropped.

Query

Can someone please advise whether the Deductor may ‘nullify the Deductee Record’ and claim FULL TDS Refund? IF so, how is it possible.

Your reply, please..............

Thanks in advance for possible replies from all concerned.

One of my client running a Partnership Firm. The firm has correctly filed its Return of Income upto A.Y.2014-15. Husband and wife were partners in this firm. They have two sons both are minors. In an accident in May 2015, both the partners and one minor son were died. For the financial year 2014-15 respective A.Y.2015-16, the turnover is above 3 crores. Now how the Income tax return for the A.Y.2015-16 should be filed as its a TAX AUDIT CASE and also VAT Form WW Return for the financial year 2014-15 as the Turnover exceed 1 crore..