My father is a Senior Citizen aged 70 Years. As per calculation of his ITR 1 for AY 2017-18, his Gross Total Income is from pension, interest etc. total Rs. 478452/-. After taking rebate of 80C, Rs. 150,000/- and deducting exempted limit (for Senior Citizen) of Rs. 300,000/- his taxable income is Rs. 28452/-. So tax on his taxable income is Rs. 2845/-. I want to deposit his due tax of Rs. 2845/- for AY 2017-18, through e-Payment of Income Tax Department through NSDL Website. Please tell me, which Challan No. is to be used for making payment of Tax? Can I used Challan No. 280 for making payment of due tax of Individual? Please show me a sample of e-challan so I can fill the e-challan?
Can anyone update me reg. Sft form 61a... If i raise every alternate day sale invoice in same name for an amt. of 1 lac each n receive cash every alternate day frm same person...do i need to report in 61a....under 114e ask to report if single transaction exceeds 2 lacs....need expert advise....
Are there any changes in the Directors Report , Auditors Report , Notes on Accounts and/or the body of the Balance Sheet and Profit and Loss statements in the F.Y. 2016-17 from the previous year 2015-16.
Please help me out regarding rate of TDS on purchase property from NRI.
ABC Ltd (opted to pay duty @ 2% without cenvat credit under Notification No. 01/2011) sends raw materials to Mr. X (Job worker) for job work. Job worker processes the goods with brand name of ABC Ltd. In this scenario,
(1) can ABC Ltd send materials to job worker under Rule 4(5)of Cenvat credit rules? or ABC Ltd should follow notification 214/86?
(2) Who is liable to pay duty on final product, ABC Ltd or Mr. X?
Earlier we have filed the return itr-7 for the AY 15-16, having intt income amounting to RS.900000.Now the same get defected and the demand is raised.So plz tell me how to respond such demand.As per the advice of other expert itr5 should be filled instead of itr7.
Hello everyone..
One of my clients name is wrongly entered in Income tax data base. eg Raju (correct as per PAN card) but on Income tax Data base Rju (wrong). As my PAN card is correct i doubt filling PAN correction form would be a solution for this issue.. I want to correct the name on Income tax data base.
can anyone guide me on the said issue?
I had purchased ICICI Bonds in F.Y. 1999-00, which got redeemed in March '17 for which a cheque was issued to me after deducting TDS @ 20% for non submission of PAN. How can I claim refund now since I fall in the tax slab of 10%?
Tax rate