Please guideline on Professional Tax ( Due date of tax, Return date etc.)
I have receieved a Demand letter from Income tax addresed to my father for payment of Rs. 12000/- for FY 2008-09. My father passed away in April 2010.As my father was a retired govt pensioner and used to prepare and file his own income tax returns, please let me on the following:
1.Do I need to pay the demand amount as per the letter and what is the process?Is there any penalty applicable.
2.What should I do in order to prevent such letters from the Income tax office in future?
Please advice
thanks for replying....but you didnt mentioned about professional tax clearly...may i know wheather it is exemptional for central government employee in andhra pradesh....hope u reply as soon as possible...awaitng for reply...thank you....
sir i send a query regarnd exemption of professional tax...but no reply still now...can u tell us when u reply....
how to show home loan in balance sheet. house is self occupied.
Last year
Value of the House is Rs. 8 Lakhs
Home loan against it Rs. 4.5 Lakhs
This year
Value of the House is still (No depreciation bcoz self occupied) Rs. 8 Lakhs
Home loan against it Rs. 3.5 Lakhs
Now my question is that how can tally the balance sheet.
I am in service and have an fixed deposit of Rs.30000.00 with nationalised bank.Is this amount elligible for deduction from gross total income u/s 80c if my total deduction u/s 80c does not exceed Rs.100000.00.
Suggest me.
Netai Saha
Pls guide about Profession Tax - Maharashtra.
About its applicability, Mode of Payment, Returns, Forms, etc.
Thanks in advance
please tell me that on not filing ROI on either 30th sep. or 31st july..,the following consequences happen:::
1) loss of that particular year is not carried forward
2) if tax is payable then interest is charged
3) if refund is to be claimed then also interest is charged
4) deduction from GTI can not be claimed
So....., under what sections deduction is not allowed
Please answer me in detail....!!!
My query is if the assesse wants to declare lower income than prescribed in sec 44AD and gets his account audited, then whether such Audit is included in the ceiling limit of 45 Audits of a CA or not? And if not, then why?
Thank you in advance.
hiiii,,,,plz answer this
i have paid my sales tax for the last quarter...but for the current quarter, due to some problems, i was not able to continue mu business [no purchase, no sale]..so is it compulsory to file a nil return...if i do nothing will there be any penalty imposed on me???
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Professional tax