is return filling for foreigners earning income in india is compulsory when the concerned indian company has deducted the tax at source. because foreigners may not be having pan number

Hello CAs,

I efiled my taxes y'day. As part of that I submitted online challan 280 to pay my pending taxes. But Instead of choosing self assessment (option 300) I chose regular income tax as (400) as option and paid it. Efiling is also done. Can you advise me what steps I should take to correct this? Should I go to the IT office in Chennai.

All help appreciated.

Sir,
i have filed the return of the assessee who has business income of rs 115300 and tuition
income of rs 36000. i have shown 115300 as business income and 36000 as income from other source and hence the business income is less than 120000 and thereby no requirement of maintaining books as per section 44AA.And in itr4 form i have provided only the figures of cash in hand and gross receipt and expenses.

Does it is right to do so..?

Dear Experts,

I want to ask that after amendment in Finance Act 2012 which states that computer software expenses should be treated as royalty. My question is that now should we charge it to profit and loss account or to show as Computer as an asset...??

Dear professionals,

please suggest me,

my problem regarding my article ship, i have health problem past 6 months, so i am unable to continue my article ship,(I planed to take leave for 2 years than i will continue my article ship), so my problem is in my leave period i am plan to write exams.

so,please suggest me this i can do or not

Experts,

Conveyance allowance is exempt Rs.800 p.m.

My question is, if an employee resigns in mid of any month and join another compnay,

Example: he resign from A ltd. on 15th june and join B ltd. on 16th june and receives conveyance allowance Rs. 1000 p.m. in both companies, what will be the exemption for june month, Rs. 800 only or Rs.1600 ??


Thanks

7428281471
REGARDING CPT CLASSES

For claiming HRA, where rent paid is more than Rs. 1,00,000/-, the assessee needs to provide the PAN of landlord. Now where to put this landlords PAN in the ITR 2 utility?

sir I used to lived in Kolkata iam b.com pass I have completed courses form ica but I fail to get practical day to day knowledge so when ever I do any work like filing of return for other I fail to perform what can I do now

Sir,

I have 2 queries:

Query 1.

If a person transfers (via NEFT) around 6 Lac to his wife account for purchasing of a property & both are Income Tax Assessee then How entries will be reflected in:

a) Balance Sheets of both Husband & Wife

b) Tally entries of both Husband & Wife

c) Whether it will be considered as Gift? If Yes, then they did not make gift deed, will plain paper with signature of both will be suffice?

d) And, Is it mandatory to show as Gift, Can't a husband can transfer amount to his wife account?

=======================================

Query 2.

If a Person give Gift of around 2 Lac to his brother via A/c Payee Cheque, & both are Income Tax Assessee then How entries will be reflected in:

a) Balance Sheets of both Guys

b) Tally entries of both Guys

========================================

Regards,
Raj