A partnership firm declared their income u/s 44AD and filed ITR 5 after entering the income details in Schedule BP of ITR 5 leaving Part A BS and PL blank. Now CPC ordered the return as defective due to blank BS and PL. If the assessee fill the P&L, instead of 44AD, then it is liable to pay interest u/s 234B and C. So how to sort out this issue..pls help expert..thanks..

Dear Learned Members, request you to please advise on the below question of mine: I did an RD with SBI and there is a monthly deduction of certain amount from my SB account towards the RD, they have not yet paid the interest as the maturity is in June 2016, but they have deduct the TDS for the year 2015-16. I wanted to know whether the interest not yet earned/credited to my account is eligible for TDS...Pls advise ASAP - Thanks

is tds should be deducted on service tax if such service tax becomes part of my cost. i am trading in garment export company.

Balance sheet required to salaried person.

Dear Friends / Experts,

Please guide me on the following, IF POSSIBLE:

Query

I need to know the eligible ceiling amount under Section 80D for AY 2015-16 (FY 2014-15) for ‘Individual, Spouse & Children’.

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


Thanks in advance for possible replies from all concerned.

Dear All,

I have recieved a notice from IT dept to file a return for AY 13-14 which I have not filled because my income is 30000/- under the limits.IT dept had collected information regarding the transactions mentione below with my PAN card number.

1.Contract of 1000000 or more in commodity exchange.

2.Purchase of equity shares in recognised stock exchange.

3.Sale of equity shares.

4.TDS return filled.

Please provide if now I have to file return for Ay 13-14 can i get any tds refund or not.Is it mandatory for filling return

Hi Members,

I just registered my private ltd company, and I am the Managing director. Can I still work as an IT consultant (out of my company), and get into my personal current account (like a proprietor)?
Or am I not allowed to do it because they come under the same category?

Thanks,
Nithin

Sir,

I am 45 & left the job. Now invested all my accumulation in Bank FD. the interest is about 2 Lakh per annually. The Bankers are deducting TDS at 10% on my interest.

Now I want to know during my IT return, do I get refund of my Interest TDS which is appx. 20,000/PA. As I have no any other income & total income is less than the Yearly allowed taxable income?

Also Can I show my House rent paid for the benefit during It return?

Dear experts,
Weather short deduction of TDS on salary u/s 192, is liable to pay short fall amont With 1% interest or not, plz clarify....

Regard
Vimal jalaun

Hi All,

My company has purchased stock images from imagesbazar to provide services to its client, (total billing exceeds 30000/- limit u/s 94C), is there a liability to deduct tds on such purchases? if yes, at what rate?