Insurance has deducted TDS from commission for the past 4 years. I have not filed any ITR
Please guide me how to get the Refund, from income tax, which ITR From i have to file, to each year i have to file ITR or all 4years TDS form should be enclosed in the current year ITR FROMS.
Please advise.
1. in 80U how we will get %age disability
2. in 80QQB and 80RRB if royaty income is foreign income and assessee is forget to bring that money in home country so will it be taken as deduction in these sections
3. in workmen compasation if entity has alrady more then 100 employees and recruits another employee so will entity get deduction.
can you please tell me that if someone who had been running a computer institute for last 3 years has now affiliated the institute with a registered soceity under co opreative soceity act,1912.now shall he file the current year ITR in the name of that computer institute as he done previously or can he file the ITR in the name of that soceity under which the computer institute is running now. Please tell the answer giving reference to the concerned section(s) in the Indian Income tax Act,1960.
One of Our client who is a distributor, purchase Milk from manufacturer Rs.200000/-through cash.whehther this amount can be allowed or not.(whether exception rule 6DD applicable in this case as a Dairy prduct) pls give me a clarification
Answer now
one assessee who is an individual has two separate business 1st one being retail shop where his turnover is 37 lakhs and 2nd one being manufacturing concern where his turnover is 27 lakhs....
AS per the provisions of sec 44AB when the turnover in business exceeds 40 lakhs tax audit attracts....
As far as i see, the business is attracted to the provisions of sec 44AB and not the assesse. Based on this view the following are my querries....
Is the said assesse is liable to get his books of accounts audited under 44AB, as he is having 2 separate business which are not related to one another and individually turnover of each business is less than 40 lakhs?
Can the assesse go for the provisions of section 44AF for retail business, and show income without 44AB audit for the manufacturing business?
Please mention sitations if any....
I have not received ny refund of Rs. 12,550/- for A.Y. 2008-09 and Rs. 18,250 for A.Y. 2009-10.
What could be the possible reasons for it?
If ITO seeks to get some donation then how much will suffice?
plz tell if there is any other remedy also?
Thanks in Advance.
We are paying commission to members of scheduled tribe in Mizoram whose income is exempt under section 10(26). Please guide whether TDS needs to be deducted on this payment as it is exempt from income tax under section 10(26).
Answer nowI would like to the meaning of associate enterprise in respect of transfer pricing. Also please let me know when AO/ Transfer Price Officer (TPO) raised the issue and make the addition on account of transfer price.
Answer nowCompany A pays mediclaim for its employees (and their family members). Any premium paid above Rs.2500 is recovered from the employees from the medical reimbursement paid to them. Will the employee be eligible to claim the deduction under section 80D of the Income-tax Act, 1961. The insurance company has agreed to provide a letter to each employee of the company stating the amount of mediclaim premium paid for the year.
Answer nowSir,
Please clarify the following queries.
1. Can a 100% EOU, STP unit can claim Sec.10B benefits for the A.Y 2010-11 ?
2. What will be situation if the unit has made some domestic sales as well( Domestic sale was below 5% ).
Sree Prakash
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
TDS REFUND.