Anonymous
06 September 2016 at 17:22

Itr filing

Dear
I have gone to foreign on 27 July 2014 and come back on 4 oct 2014 total 70 days, out of this i got only 35 days salary from foreign and transfer it to NRI account, and balance 35 days got India salary treated as deputation duty,

please suggest which ITR should to file, and i am resident of India or not for the 2014-15.
35 days foreign salary is taxable or not

Thanks in advance
Regards
Praveen


Aashish Agarwal

Dear Subject Matter Expert(s),

My mother is a house wife having very less annual income. Thus, we use to not file her returns.

However, we filed it this year to get the TDS refunded on her fixed deposits. When we opened her account, we saw that income tax authorities has also sought returns for the AY 2014-2015. Is this a legal notice for income tax return?

We created returns for this AY too; however, since its a two year old return E-Filing is not accepted. How should we file this return? We are from Mumbai, Maharashtra.

Thanks & Regards,
Aashish Agarwal.


RV PARIHAR
27 August 2016 at 15:47

Sigining of audit report

Who will sign ncome tax audit report in case of assessee is in imprisonment ?


nikita agarwal
26 August 2016 at 10:27

food coupons

what is the exemption available to employees for food coupons per annum


Krishna Raja
25 August 2016 at 23:40

Limited scrutiny

Respected Sir.
Good evening. I received LIMITED SCRUTINY letter from income tax department for following issues A.Y 2015-2016
1) Import turnover mismatch
2) Custom duty mismatch

I am proprietor of the company. During sep 2014 I have IMPORTED sheep crust leather from Nigeria for the value of usd- 202,529.70 ( INR-1, 27,43,733.84). on 90 days credit basis. After receive the shipment the quality of the leather is very bad. so I Can’t make the payment..i ask them to reduce the price but they refused And ask me to send back the material. Imported material is duty free as per our customs norms. If I return the material I have to pay 40% duty. so I keept the material in stock(total material in stock). Due to this issue THE VALUE OF THE IMPORTED GOODS NOT INCLUDED IN BALANCE SHEET.
My doubts are
1) How can I solve this issue?
2) If there is any chance for penalty? If yes how much I have to pay?
3) How can I prepare explanation letter.
Waiting for your valuable reply.

Thanks &Regards
raja



Anonymous
24 August 2016 at 22:09

What to pay service tax ur income tax

i want to know one thing that i m providing cab to a company i have 3 employees under me .... i m not a registered dealer of service tax ...... the Co. to whom i provide service gives me the payment after deducting TDS @ 1% per employees under me and after deducting my profit i gave salary to my employees... sir will u plz tell me the process of tax payment



Anonymous
23 August 2016 at 18:15

Tcs on sale of two wheeler

Sale Value of Vehicle is Rs.485000
1st Cash Receipt - Rs.61000
2nd Cash Receipt - Rs.424000

1) Should TCS be collected on 2nd cash receipt alone as Cash receipt is >2 lakhs
2) Should TCS be collected on the total cash receipt


Yusuf Batliwala
18 August 2016 at 21:40

Professional tax

HI,
I want to open current account for my proprietorship firm, for which i went online and registered for professional tax, as i had used my pan card number professional tax certificate was made in my name. below are my queries.

1) Can I register for professional tax in name of my proprietorship firm? if yes then what documents i need as i dont have any document in name of proprietorship firm?
2) I have paid 2500/- online for professional tax on my name can, is it possible to transfer professional tax certificate from my name to my proprietorship firm?

Thanks
YB



Anonymous
16 August 2016 at 23:05

Itr form selection

Dear Experts,

I am a LIC agent earning a commission income of around Rs 4.2 Lacs. Which ITR is to be used for the AY 2016-17.







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