In response to return filed ITR 4, I have received mail from income tax dept. that in response to notice u/s.139(9), details needs to be furnished. but at income tax site, under e file , its showing as no records found. now what is to be done next as details needs to be furnished within 15 days.

sir, we have started friends group fund since 2010. There are 10 members and contribution arw rs. 2000 per month. if somebody ned money, he applied loà n for 1% interest per month. we have open one saving account in the name of NAVAS MITRA MONDAL and pan is AOP. all money deposited and withdraal same a/c. Now we have cross 8 lakh our fund amount, 5 lakhs loan given to member and 3 lakh bank balance. In the group, signing authority are president, sceatary and accountant any two. There are main motto of saving fund SAVE MONEY and emergency fund Now what is impact of income tax and how to return

How to withdraw amount from capital gain account scheme when the sum deposited is not utilized within 3 years to construct house.
Which form to be used? and
how to pay capital gain tax?

I am an Accountant in a proprietary firm. This is first time we are deducting TDS and therefore I need help regarding filling of Challan No 281 for making TDS payment. Please let me know what I have to select i.e. "COMPANY DEDUCTEES (0020)" or "NON - COMPANY DEDUCTEES" in challan 281.

I know as a proprietary firm we are "NON-COMAPNY DEDUCTEES". But I am not sure actually what this option in the challan 281 is asking for ? Our formation or the persons formations from whom we are deducting TDS.

Here I also want to mention you that we have deducted the following amount as TDS from the following persons (here Persons has same meaning as defined in the Income tax Act.)

U/S Amount Person Remarks
192 126526 Individual From our employees
194 C 12000 Individual From Sub Contractors
194 J 13500 Company From Service Providers

Please suggest and thanks ...........

commission income received on mutual fund is business or Professional Income ?

Dear Sir

We are manufacturer of rubber Component and receive cenvat invoices for raw material from registered dealer. On these Invoices Address of buyer and consignee both mentioned (Buyer and consignee are different), can we take cenvat credit on those invoices as buyer.

Please reply

Hi,

I want to asking our company is diagnostics pvt. ltd.and company to contract with some person for collecting sample from patient home and end of the month company pay fixed amount and also paid mobile and petrol charges. so pls suggest what procedure should be followed for income tax and how can take in our accounting.

Hi My brother paying rent more than 1 LAC per year whereas his Land lard doesn’t have the PAN card but she is agreed to sign the “No Pan Card declaration form”. However in his office it was not accepted and informed him back that PAN is compulsory. Here below they have given the government document, what I would like to know is – Since our company is accepting the “declaration form” there should be some amendments added to that. Can you check and confirm if it so any. It would be really appreciate if you get the official document for that.

my uncle had a bypass surgery. he got mediclaim reimbursement of all his medical expenses.. Also he got extra amount of Rs.50000/- as critical illness benefit. whether this 50000/- is taxable or whether it is exempt income..?? plz guide me as per income tax act 1961 with section.

What is the difference between TAX and DUTY? If both are same, then why they are called differently?