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hi, Tax audit report filed by an auditor can be revised and signed by another auditor?
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Hello Expert, I am planning to join for a foreign (UAE Based) company as contractor from India. They will be paying in AED to directly my Indian bank account in INR based on the conversion rate for the same day.
Now, my query is under what category of taxpayer should I pay my tax and how will it be deducted.
Thanks for your help in advance.
Regards,
Deepesh
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Tax audit report filed by an auditor can be revised and signed by another auditor?
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If someone is taking Personal Loan to buy a land for home, (because of free hold land no home loan is provided by any Bank there) Is it possible to take deduction of interest under section 24(b)?
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Is 3CB-3CD applicable for trusts having turnover above 1 crore and having 12A registration.
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Dear Sir/Madam,
Religious trust is registered under section 12 with the income tax department. The details are as under:
Voluntary Donation Received Rs 5,00,000
Bank Interest FD and SB interest Rs 7,25,000
Total Rs 12,25,000
Application of Fund:
1. Rs 1,83,750 - 15% (Rs 12,25,000 lakhs X15%)
2. Rs 3,50,000 for trust object
Balance Rs 6,91,250
Now the trust is filling the return and the system is charging Tat u/s 115BBI at 30% tax on total Surplus income ie 6,91,250/-.
Generally, The trust does not file Form 9A or Form 10 for any reason and always offers the surplus income arising during the PY for tax. Thus as per my understanding, the definition of Specified Income should not be applicable in our case.
Till the last AY, the Trust used to pay tax as per the slab rates.
My question is whether such surplus income shall be taxed normal tax slab or at 30% u/s 115BBI.
Please suggest
Thanks
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What's the due date for filing of ITR for a company to which Transfer pricing is applicable
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An indian citizen joined employment in netherland. He is already having pan card. He wants to open NRO account in bank. This old pan card itself enough to open pan card. Current year he is Non-resident as per income tax act
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Sir,
There was income tax refund awaited due to my previous income tax outstanding ,I have submitted response issued u/s 245 for adjusting my due to refund amount
After adjustment some refund is receivable but not received yet
Is there any issue??please help
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I am getting run time error 9 in itr5 excel utility. Please provide solutions for the same.
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