THE ASSESSING OFFICER IS SCRUTINSING THE ASSESSMENT U/S 143(3) FOR AY 2011-12 AND DETAILS ARE SUBMITTED FOR RELEVANT YEAR,BUT HE IS ALSO ASKING TO SUBMIT THE PARTYWISE PURCHASE LIST FOR THE AY 2009-10 & 2010-11 FOR WHICH NO NOTICE U/S 143(2) ARE ISSUED EVENTHOUGH DEMANDING THE DETAILS FOR PREVIOUS YEARS WHETHER HE CAN CALL FOR THE SAME AS PER LAW PL EXPLAIN
Answer now a partnership firm wants to give 5% share in net profit to God and spend the same for His festivals in Temple.
How to execute the deed? can an agreement between partners is enough?The do not mind to pay taxes if any on it?
Dear sir,My question is- "I have submitted my income tax on 20th September but my bank cleared the cheque amount on the 3th October. So Income Tax has sent me a notice regarding delay of submitting the income tax with a valid reason.What should i give the valid reason"? Please help me sir
what is the due date of payment of profession tax and filing of profession tax returns ?
Answer nowMy Brother has trading shares in Equity and commodity. Now he has in loss & also file income return. So which form is used for that & which reports is made for that.Reply Urgent. Thanks
Answer now
Dear Sir
my grandfather had purchsed plot alonwith tenants in1974 for Rs 200000lacs
he paid for maintaninng plot ,security /letigation court decree and vacated total plot with tenants cost amounting to Rs15 cr he sold plot in 2008 but recived last payment in 2012 july for Rs34 cr shall capital gain wilbe applicable if yes when and calucilation please or will it be business income
salary recevied by the minister in the govt. is taxable under the head salary
Answer nowHi, I have filled in ITR-1 return. While filling the form have filled in wrong TAN No. of deductor and hence received unmatched TDS calim of Rs.6000/-. Have filled in Recitification Request-- whose acknowledgement states --- Rectification Type "M". Ha ve TWO questions :-
a) Am I processing rectification correctly?
b) Suggest correct way to incorporate correctio, as TDS deducted is already appearing in by Form 26AS. Due to wrong input of Deductor TAN no.-- amount got mismatched--Pls suggest.
DEAR SIR/MAM,
PLS.LET ME KNOW WETHER T.D.S.IS TO BE DEDUCTED ON AMOUNT PAYABLE AS INTEREST ON REFUND OF BOOKING OF A RESIDENTIAL FLAT TO A NRI INDIVIDUAL,WHO DOES NOT HAVE PAN NO. & ANY OTHER INCOME IN INDIA?IF TO BE DEDUCTED,THEN ON WHAT PERCENTAGE?PLS.ALSO GIVE SUPPORTIVE EVIDENCE.
REGARDS,
ANKIT AGRAWAL
A Partnership firm have business loss and other souces income
Ex. Rs 50 & 75 Respectively
Return File After DUE DATE Than it can be adjusted or not
Gross Total Income=Rs 25 OR Rs 75
Plz Give Me ans with section no.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Income tax