one of my friend received a notice from income tax department for non-filing of income tax returns for A.Y 2010-11,11-12.He is salaried employee and his income exceeds Rs.10 lakhs each year and TDS is deducted and deposoted by employer.He did not claim any exemptions previously even if he file return now he has refund. Now dept is not accepting manual returns what shall i do now? if we did n't react for the notice then what will be the consequences
Dear sir/Madam
What will be the time limit to reapply for 12A and 80G once it is rejected?
I have entered the wrong PAN of a party that to there is only two Alphabet error. Now i have downloaded a fresh file of Justification File which doesn't consist the error in PAN. please suggest me the procedure how to correct the revised return as the consolidated file & Justification file doesn't error.
Answer nowDear Reader I got the message in mobile from CPC Bangalore It Department that My ITR For 2013-2014 has been processed and Order U/S 143(1) Will be sent .
What does it mean please clearifu it
Suppose A has filed a case in a court of law,what would be the position of income tax in following cases:
1.) If the compensation is received by way of verdict of the court?
2.) If the compensation is received as a part of out of court settlement?
Are there any citations substantiating the stand?
Thanks in advance.
I had worked in a organisation for three years.At the time of leaving I requested to transfer my PF balance to new PF account.but they trasfer it to my bank account,deducted TDS & deposited it also.Will I get refund if I deposit same amount in new PF accont?
Answer nowAn assessee engaged in the business of Diamond & It has made one transaction in the nature of Royalty with party which situated Israel country. We have deduct TDS @ 10% as per the law & DTAA agreement also existed. As per the TDS 's demand notice, they mention deduct TDS @ 10.30%.
What will be the correct rate for deducting TDS transaction in the nature of Royalty Reply as soon as possible
Dear Experts,
if individual perform a consultancy to his foreign clients, against services how he will the receive the consultancy charges from his clients to his own account.
Pls let us know the process of the same.
Thanks
IS IT NECCESARY TO FILE REVISED I.T.RETURN U/S 143(1)...WHERE THE TOTAL TAX PAYABLE IS NIL..??
THANKS IN ADV
No tds on service tax component:
After reading the new notification dated 13-01-2014, I have a doubdt as whether it applicable to sec 194J alone of the act or applicable to all sections i.e. 192 to 195???
Please do make the point clear.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Notice from income tax depratment