Dear Professionals,
My father works in PSU, in the year 2015-16 he received an arrear salary of around Rs 400000. In his form 16, relief u/s 89 was claimed and accordingly tax was deducted by the employer and tax payable by him at the time of filing the return was nil. However I received an intimation U/s 143, wherein the relief was denied and a demand of around Rs 35000 was raised. When inquired I came to know I was required to file form 10e along with the return. My query is can I file 10E for A.y 2016-17 now. If yes will the demand raised by the dept will be nullified and the process of filing it.
Kindly revert back as soon as possible

I returned from US on July 17th after staying there since Oct 2011. That makes my stay for US Financial year as 197. As India follows Apr to March financial calendar, i will also satisfy 186 days plus rule for India. My US income tax has already been withhold and my company Pay dept. is saying that they will deduct my tax for salary in US in India also. I should be a RNOR i.e. nonresident but ordinarily resident and earning in US should not be Taxed. Please let me know what are my options.

I work for TCS which is Indian Company and also registered and Traded in USA.

Hello,

I am posting a question here on behalf of my friend.

My friend has a 2 year old private ltd company, with annual turnover less than 25,000 Rs/-.

His CA and Auditor is charging 23,000 Rs/- per year for annual compliance, ROC and ITR. All of documents and financial data is maintained by my friend’s company and not CA.

Is 23,000 Rs/- worth? Is there any other alternative to completing annual compliance, ROC and ITR for less charges?

Any suggestions, questions, comments are most welcome.

Regards,

my annual itr is 18 lakhs .can i buy house of 35 lakhs .will i get income tax notice for that .

If my business income is more than Rs.2,50,000/- during AY 2018-19 and I have to declare my income U/S.44AD. Am I liable to maintain books of accounts and fill ITR 3 ?
Am I also required to fill Balance Sheet and Profit and Loss a/c in ITR 3 ?

In some confusion with the bank i mistakenly entered wrong amount in my 80 E deduction in my form 16 and in my income tax return 80 e deduction i entered different amount which is correct. so there is a difference in my form 16(80 e) deduction amount and ITR. what should i do for this mistake?

My total income consists of retail trading business and commission from LIC. The commission from LIC for AY 2018-19 is Rs.75,000/- and from retail trading business is 3,00 lac. My I use ITR 4 and show retail trading business income u/s.44AD and show entire commission as Income from other sources ? Or I will have to use ITR 3 ?

suppose i have received a amount of 1000000 from my family in the form of sale of land and i convert that 10 lakhs into a fd in any bank. and the interest receivable on that fd is taxable or not if i submit form 15G/H.? please expalin me?

I used to file ITR 4S for my relative since previous in 4S there was no separate column to declare turnover from the profession, I used to declare consolidated turnover in a single column which was designated as turnover u/s 44AD and I used to declare 25 % profit on turnover

Now previous year, also I followed the same procedure, after which AO initially sent an email to me which stated that there is a disparency in my ITR as in 26AS TDS is deducted for professional fees but I have not declared any professional fees in ITR, after which I closely studied ITR 4 of 17-18 and realized that in the ITR form 4 17-18 there is a special column for Presumptive income under 44ADA (Profession) in which I had not filled in anything

Now I have got email notice u/s 143 1 a and I have been asked in e proceedings to submit my reply to the proposed addition of income by AO since as per 26AS 86000 were my Gross receipts from profession which I didn't mention in the column Also, it is expected that i should revise my return

my question is should I reduce receipts from Trading and add it in professional receipts which is actually more than 86000 (around 600000 lakhs) so what should I do

option 1
add 86000 as professional receipts, keep trading gross receipts unchanged at 24 lakhs

option 2

add 600000 as professional receipts, change trading gross receipts to 19 lakhs

option 3

visit officer (may involve risk as my case may be highlighted before him)

option 4
you suggest please if any other option

How can TDS recovered on advance paid towards professional charges be adjusted/ refunded, on failure of contract and on refund of advance ?

Read more at: https://www.caclubindia.com/experts/tds-on-advance-payment-to-professionals--620920.asp