Mr X salary employee has filled his return with income by more than 1000/- as compare to salary ceritificate given by employee.
What will happen in this case?
a company is continously paying to hotel bills regarding stay , food etc of its clients
whether tds is attracted on such payments by the company to hotels
Please Advice
Thank You
Dear Sir,
I am filling online return one of my client from AY 2011-2012 onwards. Before that He got his manually return filled for AY 09-10 & AY 10-11 which has demand a sum of Rs:- 45000. in ay 09-10 & 32000 in Ay 10-11 u/s 1431a reflected on Income tax portal site. I want to know how to ask for online intimation u/s 143(1) from ITD so than I can analyze tax liability of above tax period. Plz help me out for further steps.
Assessee engaged consultancy business.
purchased suzlon wind mill in A.Y. 2012-13
Assessee is eligiable for Addition depreciation in A.Y. 2012-13?
Hi...
I have One trust which run one educational institute ...And No certificate of 12A or 80G...
At the time file of ITR 7 of AY 2013-14 shown Income Rs 42000..
In Intimation 143(1) demand Of Rs 17000 (i.e. 30% flat + Intrest)
Please Give me solution for tax Demand.....
I HAVE PAID FULL PAYMENT OF FLAT CONSIDERATION 15 LAC IN MAY 2012 TO THE BUILDER AND ALLOTMENT LETTER OF FLAT IS TAKEN NO AGREEMENT OF SALE DEED IS REGISTERED.
SUPPOSE IF NOW SALE DEED IS REGISTERED FOR VALUE OF CONSIDERATION PAYMENT ALREADY MADE FOR RS 15 LAC WHEREAS MARKET VALUE AS PER STAMP DUTY REGISTRAR IS RS 45,00,000/-.
WHETHER SECTION 43 CA ,50C, 56 (VII) B& C OF I TAX APPLICABLE TO MY SUCH AGREEMENT MADE.PL LET ME KNOW THE COSEQUENCE UNDER I TAX ACT IF DONE AS ABOVE
An affidavit from the Managing Trustee that there has been no infringement of provision of section 13 of the I.T. Act since the Inception of the Society/ during the last three years Trust, whatever is applicable.
Answer now
An assesse filed return of income for AY 2012-13. Income as per section 115JB comes to Rs. 702884 & Net profit as per P/L Account comes to Rs.0. Therefore, Self Assessment Tax has been paid under MAT provisions@ 18.5% along with Cess which comes to Rs. 133935. Now, the case got selected for scrutiny under section 143(3)under CASS for heavy unsecured loan. Now the AO added Rs.847306 on several grounds and finally assessed income at Rs. 1550190. Now he computed tax @30% on Rs.1550190 i.e Rs. 479009. I want to know whether the AO contention is right on calculating tax @30% instead of 18.5% & also whether AO has the right to make addition on other grounds than the ground based for CASS. waiting for your reply.
What is wealth tax....
IF the market value of the asset decreases as compared to the last year .. then weather wealth tax paid or not .
and for final preparation of IDT which book is suggestible
Dear Sir,
Where assessee is opting section 44AE. While filling Part P&L of itr4, whether the gross receipt can be given in the column of "Gross receipts"
Or
I have to give only net profit figure there?
Please clarify.
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