vishnu
27 April 2013 at 14:09

Related to tan surrender

HOW SURRENDER THE TAN

Answer now

RAVI SANGURI
26 April 2013 at 17:21

Scrutiny

I have received a notice for Income Tax Department on which no section has been mentioned (means under which section this notice is issued) which says

" As per 26AS/OLTAS it has been reported that you have entered into a transaction of Rs. XXXXXX during A.Y 2009-10 and it has been further reported that you have not filed your return of income for A.Y 2009-10"

but the facts are i have duly filed my Income tax return for the A.Y 2009-10 and it is also appearing in Income tax website and Intimation u/s 143(1) has also been issued and when i deposited the ITR, Compution of the same A.Y as a proof,they directed me to deposit some other documents (Bank statement , Property documents)or in other words they are doing assessment.


So what should i do.
Please suggest me, urgent

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Anwar Shaikh
26 April 2013 at 16:56

Bad debts

Dear All,

If company gives Deposit to Land Lord, Or company gives advance to creditors but does not recover it.

(Entry : Landlord A/c------Dr
To Bank

Can company claim this as Bad Debts ?

or It is covered under any other head ?

(Because I think for bad debts, debts should be out of credit to P&L)

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IFTEKHAR AHMED
25 April 2013 at 15:08

Tds on fixed deposits.

On maturity of deposit my bank has deducted an amount fro TDS even though i have submitted Form No. 15G.
upon enquiring, the banker is telling that only upto certain interest amount earned on Fixed deposit say Rs.1,00,000/- TDS is not made, but on exceeding such amount, bank deducts tax on the interest amount.
kindly give guidance on this issue as i am aware that If the Payee submits a declaration in Form 15G/ 15H in duplicate stating the following, then TDS need not be deducted:
a)That his total income is less than basic exemption limit of Rs.2 lac.
b)Even if his total income exceeds basic exemption limit of Rs.2 lac but tax payable after deducting rebates u/s 80C is nil.
Thanx

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Lakshmypriya T.G
25 April 2013 at 11:19

234 a

I had filed IT return of a client on 30/01/2013 for A.Y 2011-12(Tax Audit Case). but i had already paid the net tax payable along with interest on 25/10/2012. Now i have got an intimation U/S 234 A to pay interest for that 3 months extra. but software didn't recognized any interest as the tax was already paid in October. whose view point is correct... please reply as early as possible...

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G S SHRIDHAR

Kindly send me statement of facts for income tax appeal

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Anonymous
20 April 2013 at 21:31

Loan or gift

Dear Sir,
I want to buy a land having value around 40 lacs. For which I will arrange 10 lacs out of bank limit and I will arange remain 30 lacs, from my agriculturist relatives.

Now please advise me, It is better to take it as a gift
or
take it as a interest free loan.

Please advise me which would be practical way and what are the formalties that I have to follow for the same.

Waiting for your reply.

Answer now


Anonymous
20 April 2013 at 15:27

44ad

What professional services included in 44AD.
Kindly give me some examples or list of all.

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CA Shruti kuchhal
20 April 2013 at 14:39

Pan card

Dear All,

I have a partnership firm in which there is a change in partners. Do i have to apply for correction in the PAN Card.

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Arun

sir, please tell me about the nri huf whose karta is residing in usa. i want to know about the tds rate at which the firm should deduct the tax on payment of interest payable on unsecured loan.

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