a state government employee who has completed more than 10 years of service and left 10 years of his retirement, withdraw GPF form his account for the purpose of a daughter's marriage.
Is he liable to pay tax under Income Tax? If yes in which section tax implement? If no exemption in which section?
please elaborate
Is tax audit required if there is speculation loss on intra day trading on day 1 of Finanacial year and speculation gain on some other day of the same financial year, the net off result of both these speculation transactions is speculation gain and the turnover does not exceed 1crore
Answer nowHi,
One straup company opc is registered in last year, stayrd businnes in 2020 first week, now company received a last 7 months businnes ,this month they planeed to pay salary to their employees , company not registered under professional tax ,can you give suggestions how to apply for PT registration and deduct pt for last months,and consequences for delay PT payments
Sir,
SBI deducted TDS even after submission of Form-15H. After reporting Br. Manager of bank advised me to take refund through filing of Return . The FD was for five years and TDS was deducted for first two years. It has come to knowledge on maturity . Is it possible to claim refund of three years back and if not , where complaint can be lodged against bank for compensation for loss of interest . Then it will be an extra burden of cost for filing of return by Income-tax expert for consecutive two years.
with regards,
Sudhir saha
Dear sir,
ITR-1( FOR AY 2015-16) was filed online through "income-tax e-filing portal" in may'2016 .I forgot to e-verify that ITR. I missed to send that ITR-V (INCOME TAX RETURN VERIFICATION FORM) to CPC bangalore through INDIAN POST-SPEED POST. In my login, it shows e-verify is pending for AY 2015-16. But in incometax -e-filing portal, there is no option for applying E-VERIFICATION for A.Y.2015-16. What is the consequences? Shall i download acknowledgment for AY2015-16 and send to CPC , this period?
SIR ,
I have GST Turnover of 678,000/- for the FY 2019-2020 of contracts.
But In Form 26 AS, Amount credited is 12,00,000/- u/s 194C
Which one to show as turnover in Income tax return .
If premum paid details are Not availabe can i credit maturity amount to capital account. Why capital gain? Total amount bifurcation will be available in lic maturity statement.Difference of maturity amount and sum assured will be bonus. All amt recd is not liable to capital gain tax. Is it ok
Answer nowDear sir,
i have one doubt, while claiming 80D deduction or 80C deduction only premiums considered or premium+GST considered.
Please tell me the Relevant Provision or Notification.
Thanks in advance,
Regards,
Bheema Reddy.
briefly explain me about "Balances with Revenue Authority" in Income Tax Return.
there is income tax payable for year ending 31.03.2021 is 4657850/. on which i have to pay surcharges +cess..
my query is weather i have to compute surcharges at 25% on entire amount or 15% up to 2 crores and on balance @25%
kindly explain. as it is urgent please give your valuable subjection.
thanks in advance
K.B.Nagesha rao
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