One of my client has been demanded to pay local body tax of Rs. 104000 which includes tax , double of penalty and interest also. Now the assessee wants to go for appeal as it is genuine case as the dealer has paid all the taxes on time . the liability arising is due to change in rate of lbt. so my question is whether an appeal can be filed with commissioner WITHOUT PAYMENT OF DEMAND RAISED" by lbt officer.
Please reply fast as the order has been passed by officer and time limit to file the appeal is 15 days only.

which itr filled by only home tuition income because itr 4s presumptive income itr and in which we fill presumptive gross receipts and itr calculate 8% income but home tutor income is only 2 lacs so how to calculate 8% and itr 4s is correct itr for home tutors.

Husband & Wife jointly purchased under-construction property from a very reputed builder in Bre. The buyers are to deduct 1 % TDS from the sale value for every payment made.The builder got us to sign in the purchase agreement that he will file the TDS on our behalf,which is a usual practice followed by big time builders. As per IT rules, TDS on the installments have to be remitted by each of the joint buyers for 50 % of the installment value. Unfortunately the builder deducted full TDS from the 1st named buyer only, with out consulting us, may be for his own convenience. This is clearly against IT rules in force,although full money due to govt has been remitted. If the mistake is not corrected, ITOs may issue us notices and harass us. Cancelling the challans, obtaining refunds and refiling with penalty,interest,fine etc could cost us heavily. Is there any other way of rectifying this mistake ? Can some Tax lawyer/ practitioner undertakes this task for us ?

Hello Friends,

Can we declare a investment under Income Tax who are getting professional fees on every month?. if "yes" kindly suggest how can we show and under which head.

If "NO" can you suggest me how can we avoid top pay the Tax amount.

Thanks
Chandru

Hi

I had submitted my 26 QB Correction request. Because of some technical reason, the AO was unable to approve and the sate is pendion for AO approval. Some one suggested that I can file it without AO approval if I have the digital Signature. Can I cancel the existing request and create a fresh request for same acknowledge number?

Whether premium paid under HDFC life super income plan allowed as deduction u/s 80C and upto what amount??

I received 5.00 & 6.00 lac respectively from one of my client against security guard service provided by me during Financial Year ended 31.03.15 & 31.03.16. My Client deducted 1% TDS U/S.194C during both the years. . Whether I am entitled to show my income u/s.44AD @ 8% or I have to declare my income @ 50% ?

From which AY e-filing of ITR7 is mandatory?

I have some gold jewellery worth approx. Rs. 20.00 lac which I had not shown in my IT Return till 31.03.15. Now, whether I should show it in my IT Return of 31.03.16 and pay the prescribed income tax or should I declare the same under Disclosure Scheme ?

Dear Sir,

We are from pvt. ltd. company, for which we are paying professional tax for company around 2,500/- per year. Now, our tax consultant is demanding to pay director's professional tax also, is it right ?? We are having two directors, in this one person is taking salary from company another one is dummy directory.

Is there professional tax for directors also ?? if it is there, how much to be pay ?? Please let us know your valued reply to proceed further in this matter.

Kindly look into this and do the favourable.