If an individual filed return of particular year bcz his income was more than basic exemption but afterwards his income is below basic exemption then is it compulsory to file return or not for that particular year?
Answer nowDear Expert, If I have a Fixed Deposit taken on 1th May 2016 to 31st July 2017,(around 430 days) and as on 31st March 2017 reporting Date, only 120 days are left to maturity Then whether such FD would be classified as Current or Non current Asset as per schedule 3 of companies Act 2013
Answer now
My client's commission amount has been deducted by Indian post office from A.Y 2013-14 to 2017-18 under section 194H. But she was not filed IT returns and not claimed TDS refund. Now she came and asked me to claim refund. But I have one doubt that is 'Her income less than the tax slab (i.e income 60000/year). Shall she need to file returns or any form that declares 'my income is less than tax slab so refund the TDS amount'.
Please guide me in this case
Dear Sir,
I want to knw, for the filing the return of Proprietor as ITR 4, online, in the column of INCOME DETAILS - Income from Business & Profession is disable so i check the column of NOB BP - in that column Pnl is not showing, only 44ADA, 44AD,44AE is showing,,
So how will i recorded the data related to Pnl in online portal????
Dear Sir,
Please advise me in following points:
Turnover less than 20 lacs not required to gst Registration. But how can send goods one state to another state. Gst Sales Invoice required for Urd dealer to send goods in another state.
Thanks & Regards
Sir My mother in-law is retired (government employees) she have before marriage pan card name with PRABHA P NADAKARNI and aadar card with name Meera M Samant (after marriage). What should I do? Her pan card no is submitted everywhere on that time. She don't want to change her pan card.
Answer nowDear all experts I am one of the registered VAT dealer of Telangana state under vat act. Still I have not received not provisional I'd for GST enrollment. When I contacted CTO office they replied we don't know. And also contacted with GSTN customer care. But they not responded. My question is can I register using "New Registration" option in GST portal. Please clarify..
Answer nowHello,
I am a Civil Contractor. If I receive amount more than Rs. 200000.00 in the year 2017-18 against the various bills raised by me on various dated to a person. Shall I liable for penalty under Section 269ST of Income tax Act?
TDS Deducted by Employer based on investment declaration from employee in the beginning of the year but in the middle of the year employee left the job and he has not provided any investment proof. in this case is there any penalty on employer for deducting tax based on investment declaration given by employee? In any way employer will be responsible for short deducted or excess deducted of tax based on investment declaration given by employee.
Answer now
Hello Sir/Madam,
An individual has the following details for FY 2014-15:
1. Gross tax liability: Rs.70938/-
2. Relief u/s 89: Rs.50755/-
3. Total income tax liability: Rs.20183/-
4. TDS: Rs.26199/-
5. Refund:Rs.6020/-
His only fault is that he filed his income tax return ITR-1 late in March 2017.
Is he liable to pay interest u/s 234A, 234B and 234C.
I strongly believe that is he not liable to pay interest under any of these sections.
Please reply as soon as possible.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
ITR