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231288
10 November 2014 at 11:03

Clarification on 143 (1)

Hello, I had efiled for my return and i received intimation 143(1) today , There is a mismatch in the refund i requested and the refund Income tax dept has calculated. The difference is due to interest on the refund amount. I.e they have added some 170 rupees in my refund. So should i file for correction as there is a difference in amount claimed and amount calculated? or is it ok if my claim is less than the refund calculated by Income tax dept.



Anonymous
09 November 2014 at 14:30

Liability of tax

DEAR,
STORY : If a person borrowed loan for house construction of Rs. 10 lakh from the bank and he starts construction. he thought he will complete construction with 10 lakh. but the value of construction goes to 25 lakh. then he managed the 15 lakh Rs. from his other source of income that he did not showed yet but it is his own income.

Qu : so which amount should he show in balance sheet and how should he manage his balance sheet so as to solve this issue?

pls say in detail


nagaraja
08 November 2014 at 10:02

Perquesites

Hi,

I am joining a MNC. In the offer letter Company has mentioned following allowances/perquisites

1. Medical reimbursement Rs. 1250/month
2. Sodexo coupens Rs. 2500
3. Residential telephone reimbursement Rs. 2500
4. Car fuel and maintenance Rs. 2400

Company has given option to me to opt these above in or out of perquisites...

Now my question is which of the above i have to opt in perquisites and which one out of perquisites..??

and whether i have to provide all related documents on the actual exp on the above to employer for tax benefits???

Pls help me out


Mannujam
28 October 2014 at 19:33

Mgt 14, 23 ac/aca, 20b

I have recently formed a private limited.
My all filings are were pending of last year. Now CA has asked me to file above mentioned forms.
How much penalty I am liable to pay?
bifurcated rough quotes and quick response would be appreciated.

Thanks in advance.



Anonymous
27 October 2014 at 21:42

Efiling itr

Hello all. I am filing my ITR through ITR Java utility. It has validation function. Though, everything is correct but it shows validation errors like first name cannot exceed 25 characters, PAN has to be 10 digit etc., when everything is actually correct. Is anyone else facing same? How to correct it?



Anonymous
27 October 2014 at 18:27

Due date of payment for tcs

Is it so that due date of payment of TCS is different for different States..?????
I want to Know the same for Pithampur Location.



Anonymous
26 October 2014 at 22:54

Pan registration

Plz help me, during registration of pan showing massage "this pan is already registered,". And when I fill this pan no for forgot password it showing massage " this pan id not exist" what it means plz some1 clear this query....


Yogesh Kumar
26 October 2014 at 21:37

Issues related to huf reg taxability

whether can agriculture land received from nana or mother or any relative other than father be taken under receiver of huf or not ?

what will be impact of this land as well as its income for taxation purposes in hands of receiver huf under the I T Act And Wealth Tax Act ?

whether can ancestral agriculture land be come under smaller huf after full partition of bigger huf without executing any formal deed or any thing or not ? if any formality required then what is it ?

can we file I T R of huf in the year in which marriage takes place ?

can we use the gifts received from other than member of bigger huf as capital of smaller huf ?



VINAYAK
16 October 2014 at 21:51

Regarding minimum alternate tax

How minimum alternate tax is calculated...?? if a privet limited firm is under loss then is it mandatory to pay MAT?


Sarthak Abhyankar
14 October 2014 at 22:37

Residential status

Sir, while calculating residential status of individual from the above basic condition second part if both conditions agrees then only assessee is resident of india. ( The person is in India for a period of 60 days or more during the previous year and 365 days or more during 4 years immediately preceding the previous year. ) please help thanks






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