Dear experts, if person receiving salary by working in shop and his employer not issued form 16 then is it any problem occured after filling for mismatch?

Can we E-verify the Firm ITR with partner Aadhar card....?

Experts, I have got my Form 16 in which Employer Contribution to NPS has NOT been added in ToTAL INCOME , but exemption under 80CCD (2) has been claimed. Refund has been received from Income Tax department. Now, what I do: 1) Shall I revise my return and Include such Contribution in Total income and pay tax. OR 2) Do Nothing please advise

if service tax payable upto 31/3/3017 is not paid upto due date of tax audit, wt will be reporting requirment and is any addition be there into income also?

Dear Experts

I filled tds return for Q 1 2017-2018. One challan of Rs. 94,500 represent the following transaction

Transaction value 945000
Service tax 141750
Total bill 1086750
Less: TDS 94500 (only on transaction value)
Paid 992250
But at the time of filling the return against challan of Rs. 94500 transaction value is inserted as Rs. 1086750 (it should be 94500)
Now by default demand is Rs.14175
How to rectify it.

Thanks a lot

Dear Sir,

We need your precious help. An ancestral 6 storey building. It has been shown in the balance sheet of Private Limited Company (Trading Company) since 1960. The Private Limited Company has been availing depreciation for the same building in every year. Being an old and ancestral building, it does not have any record like date of purchase, value of purchase etc. In a word, there is no document which shows its present value as well as past value. The building is situated in Kolkata and its document of Corporation Tax is there. Whereas, tenants are there and rent and maintenance charges, collected from the tenants, are being shown as ‘Income from House Property’ in company’s P & L A/c.
Now, the matter of concentration is that in the Financial Year 2016-2017, a portion of a floor of this 6 storey building has been sold out near to rupees 1.05 crore. As, yearly depreciation has already been taken, the sale can’t claim the privilege of ‘Capital Gain’. So, if the sale amount is directly taken at the credit side of ‘Profit & Loss Account’ as an Income, then the Payable Income Tax Amount is becoming near about 30 Lakh which is quite a heavy amount for a Private Limited Company whose turn- over is 8 Crore. Further to say that in the same year a repairing expense near about Rs.50 Lakh is incurred in order to repair another floors. Can this expenses be adjusted with the above mentioned sale amount subtracting directly from total sale amount or putting the expenses at the debit side of P & L A/c ? So, please advise mentioning the ways how can we reduce the amount of Tax.

Regards,
Subhadip Acharya

if TDS has been deducted from maturity amount of LIC then what will be tax consequences?how it will be shown in income tax return?

Dear Sir,

I have wrongly selected the Companies Deductees(0020) instead on Non-Companies Deductees (0021) at the time of making TDS Payment for the month of August 2017.

What should I do??

Is there is any impact on TDS Return filling??

Please reply asap.

Sir
I have worked in foreign for six years so I didn't file ITR. But now I have resigned from there and settled in India. Now I am teaching in a private Engg college as a guest faculty though I am to complete only the syllabus so I should not be counted as a professional but the college is deducting 10% tds from the very beginning. I get approximately 9000-10000 per week by check. I am here only for 2-3 months. Thus my total income will be 100000-120000. Besides it I have no other income. Is there any way so that tds should not be deducted. In case tds is mandatory what paper should I ask from the college and when??.... Thanks

Sir, one contractor person registered his PAN in incometaxindiaefiling site in some tax consultant , but they did not file their it return and unable to provide password to me, how can i change his password? He has also unable to provide me his his for 16 to me... Is it possible to pay some self assessment tax and generate challan then change his password with BSR code, challan sequence number and challan date??