Anonymous
07 August 2013 at 20:43

Return filing

A senior citizen having total income of around 200000 is holding a PAN card.Is he required to file Return?As per the latest rules ,if a person has some tax liability then he has to file tax returns even if his total income is below taxable limit.



Anonymous
07 August 2013 at 20:09

Finance act 2013-14


finance act 2013-14 with slab rate
plz help me sir



Anonymous
07 August 2013 at 19:57

Can itr1 be revised in itr2 form?

Sir,
I have filed belated ITR1 for AY 12-13. By mistake Rs. 1 lac rebate u/s 80c remained to be shown, due to which ITax was shown as payable in ITR V, instead of refund due by claiming loss on 2nd House Property (rented) owned jointly. Sir, how can I rectify this mistake? Can I file ITR2 for refund?


V.D.KRISHNA PRASAD
07 August 2013 at 19:57

Speculative business income?

One of my friend is actively involved in Intra day & F&O trading through a share broker and he incurred a loss of Approximately 4.00 lakhs in a financial year.

My questions with reference to above are as fallows

1. Applicability of sec 44AA
2. Applicability of sec 44AB
3. How to disclose in in ITR-4 (one of my colleague working in a CA firm advised to show the same under 44AD).
4. Is it mandatory to file IT return if involved in share trading.

correct me if I am wrong, Recently I viewed Tax Audit Guidance note issued by ICAI for knowing meaning of turnover for the purpose of maintaining books of accounts and applicability of Tax Audit, from that i concluded that turnover means cumulative of Profit/ loss from each individual transaction to considered.

Thanks in Advance.



Anonymous
07 August 2013 at 19:55

Ca form no. 112 and cs

i hav a query...i am doin ca.going to register for articlship..i also want to persue cs...i m confused that i should fill 112 form first or get registerd for icsi first...


vineet jain
07 August 2013 at 19:49

Valuation course

can somebody please tell me what benefit of pursuing valuation course of ICAI?



Anonymous
07 August 2013 at 19:47

Interest u/s 243a

If the self assessment tax is paid duly before the due date for filing the income tax return and if the return is filed belated u/s 139(4) can interest u/s 234A be charged by the income tax deptt. And if so how to pay it? Through chalan or do we need to file any particular form with the IT deptt.?

Thanks


Achuth Kumar
07 August 2013 at 19:42

Itrv rejected

I filed return for the assesment year 12-13 but there happend deley in sending signed itrv to cpc center. Now message came as itrv rejected. What can I do for this. Pls help me.


Nishant
07 August 2013 at 19:38

Income tax refund

Experts

please guide me regarding Income Tax Refund of Rs.25000 for A.Y.2012-13..

I got intimation u/s 245 on 01/03/2013 in this Demand of Rs.10186/- for AY 2007 & Demand of Rs.1851/- for AY 2008 u/s 143(1).

Balance amount i.e. 25000-10186-1851 = Rs.12963/- i have not received till now.

The same situation i am facing for 3 Assessee.

Please advice me from where i can get Remedy?


Rahul Mishra
07 August 2013 at 19:20

Applicability of 44ab

Dear Sir,
one of our client provide Third Party Administrator service, total TPA Fee received during Financial Year 2012-13 is Rs. 80 Lacs, should this company is liable under 44AB for Tax Audit.

is TPA fee of this company is covered under Business or Profession.

kindly advise..





CCI Pro

Follow us


Answer Query