SIR,
THANKS IN ADVANCE FOR GIVING VALUABLE SUGGESTION
1.MY DOUBT IS AUDIT LIMIT U/SEC.44AB IS RS.1CR OR RAISED TO 2CR
2.AUDIT LIMIT U/SEC44AD IS INCREASED TO 2CR WITH DECLARATION OFNET PROFIT IS LESS THAN 8%
3. IF THE TURNOVER IS NEARLY 1.90CR AND DELCARE @10% NET PROFIT.
HOW HE SHOULD FILE THE INCOME TAX RETURN NOW IT IS EITHER U/SEC 44AB OR 44AD
PL. GIVE ME CORRECT SOLUTION WHICH IS EASY TO FILE THE INCOME TAX
IF HE SHOULD FILE U/SEC 44AB HE SHOULD FILE AUDIT REPORT OR NOT
AND IF HE FILE U/SEC 44AD IS THE SAME POSSIBILITY FOR THE RETURN OR DIRECTLY HE CAN FILE THE RETURN AS A NORMAL ONE
MY CLIENT IS A CONTRACTOR, HE PAYS SALARY TO ONE OF THE EMPLOYEES, THE EMPLOYEE CONTACTS ME THAT HE NEEDS FORM 16 FOR PURPOSE OF PERSONAL LOAN, MY CLIENT IS NOT REGISTERED AS A TAX DEDUCTOR AT TRACES AS HE IS NOT REQUIRED TO BE REGISTERED.
HOW CAN I HELP THE EMPLOYEE IN THIS SITUATION.
if my income is 180000 for fy.2016-17 and capital gain 10000 then i should pay tax or not?
Answer nowHi Frends, My query is that, if a business is newly setup, then is it necessary to make TDS deduction while making payment of professional fees or payment to contractor under section 194J or 194C viz Do it require to take TAN registration. Also if in any quarter no TDS deduction happens, is it require to file quarterly TDS return
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I have taken a health policy for my family. But my mother is the purposer and I am paying the premium from my account. Can I take the income tax benefit.
Answer nowDear sir,
If a senior citizen have salaried income, interest income, and income from business or profession. On his business income TDS has been deducted but now he is filling his income tax return the income tax software shows interest on advance tax while TDS has been deducted on Income from Business or Professional.
My question is that
when the tds has been deducted on income from business or profession it means we have deposit income tax on income from business or profession now why is advance tax liabilities arise.
Dear sir,
If a senior citizen have salaried income, interest income, and income from business or profession. On his business income TDS has been deducted but now he is filling his income tax return the income tax software shows interest on advance tax while TDS has been deducted on Income from Business or Professional.
My question is that
when the tds has been deducted on income from business or profession it means we have deposit income tax on income from business or profession now why is advance tax liabilities arise.
All Subjects Combo (Regular Batch) Jan & May 26
Income tax audit