Hi Experts

Electricity Provision was made amounting to Rs. 35000/- as on 31.03.2015 in the books of PARTNERSHIP FIRm

Actually bill was received for Rs. 26000/-

Now excess provision is reversed for Rs. 9000/- by crediting P& L account

But our CA is in the opinion that it should be treated as Misc. Income.

Please explain.

can I claim deduction for brain hamerage & paralysis u/s 80DDB of a individual

Dear Sir,
An Assesse has filed IT Return in A.Y. 2011-12 where in the Return he has wrongly entered the TAN Number of the Deductor and as such IT Deptt. has demanded the TDS amount deducted by that Deductor. Please tell whether it is possible to file rectification u/s. 154 now or if there is any other remedy.

Please suggest as the Assesse is in tension because the TDS amount is quite big.


Thanks,
Abhishek Roy Choudhury.

While sanctioning the home loan to the person(proprietary business) which one is going to considered by banks in IT returns. I mean turnover or netprofit or taxpayable....

we received labour bill in April,16. but we have not deduct TDs. in August we have deducted TDs with late deduction interest & late payment interest,now my ca asked to us TDs return will be filed in first qtr. then traces imposed penalty 234e, because due date is 31 July 2016. but our knowledge the same TDs details show in second qtr 16. & we have already paid late deduction interest,qesti

What is the Journal entry for Business expenses paid from Personal Cash ?

Whether the Late fees paid for Late filling of service tax return is allowable as a expenditure as per income tax act 1961.

Please reply,

i lost my shipping bill for reimport what can i do

I have deposited cash in banks of rs.50 lk received from sales of goods is there any problem in it

My Jurisdiction for PAN is Nagpur. I have relocated to Pune almost 15 yrs ago. My IT filings have been from the Pune Address. However, all correspondence had been going to Nagpur address where the house was broken down and for over 10 years, there was no one there. Even though the house there was built 3 years ago, no correspondence is received there.

The AO Jurisdiction for PAN does not have a contact number. There is no address either but area is mentioned and email id is given.
We have lost some important correspondence and old returns have been questioned with demand raised against one and adjusted with refunds. This was first noticed last year when e-filing was done and email was registered with IT Dept. The Sec 245 notice was served in 2016 June which we would have liked to explain our position, but due to AO being in Nagpur this has become near impossible without huge travel and time expenses. we finally accepted the demand and decided to pay the dues which though is Rs 200, but with records from 2008-09 not available to us online, it is a peculiar tangle.

Therefore I need advise on the following:
Q1. How to change the AO Jurisdiction?
Q2. I tried paying Tax online twice in last 10 days. There is no way I am getting to know where this money can be seen by me?
Q3. I had e-paid tax first time under Major Code Head 0021 and Minor Code Head 300. The second time, I paid under Major Code Head 0021 and Minor code Head 400. However, it is not clear still under which sub-sub column need i put the figure of Rs 200. I have placed it in Tax. Which one was correct? Paying under Minor Code Head 300 or 400?
Q4.Is it possible for me to take this matter up later after the AO Jurisdiction shifts to Pune? I would like to explain to the AO personally as they want since there is no record for those years online.

Thank you.