Pl clarify whether Tax is required to be deducted if professional charges for 2 different bills is exceeding Rs.30000/- when the bills are inclusive of service tax and if the service tax is excluded the amount is not exceeding Rs.30000/-.

hi all icai suggested answer for nov2015 is asking for password. please help me how to open such files

Can anyone provide case law (Preferably Karnataka high court) for deduction u/s 54 for renovation of new house purchased.

Brief background:- Assessee has purchased a new house, then carried out certain renovation and altered the building by making changes and building additional walls etc. After that he started staying there.

dear Sir I work in a bank and I earn interest income more than 10000 as we don't deduct any tax for customers if they provide 15g/h but in my case my income exceeds 250000 and my confusion is that how much income should I consider 25000 plus interest income or 250000+ interest income - 10000(exempted)

Need Your urgent suggestion on following issue:

What would be course of action where Consultant filed E- return with huge Tax Payable without consulting the Assessee. Now assesses is Refuse to Pay the same.

In this regard, pls note, that
1. Original return was filed after due date with Nil Tax Payable.
2. Revised return filed with huge tax payable.
3. ITR V Receipt confirmation Received in both cases.

Now, assessee is not agreed for both return - Original(being showing wrong Income Position) and Revised(for showing inflated Income)

Can he invalidate both return ?
can he file another return with actual income & tax ?
should he file FIR for Fraud against such Person?

Now, assessee in urge to file Correct Return, what would be course of action for him?

Dear Experts,

One of our client got a notice for non filing of Income Tax Return for FY 2012-13, we filed the return u/s 142 (1). Now CPC has transferred the case to the jurdicitional assessing officer. Should be wait for ITO to send the refund or approach directly?

Thanking You

Dear Experts,
Dear Experts,

From 1st March Excise has increased from 12.5% to 15% for Poly bags ????

Pl. confirm it.

Moreover, pl. provide the increased excise items list .

Regards,
Devi

Please clarify that:

1. If any employee has been contributed Rs.180000/- (10% of Salary) in NPS, can he takes tax benefit of Rs.150000/- in U/S 80CCD (1) and balance Rs.30000/- in U/S 80CCB (1B) of Income Tax Act, 1981.

2. If any employee has been contributed Rs.180000/- (10% of Salary) in NPS and Rs.32000/- in PPF or LIC, can he takes tax benefit of Rs.32000/- in U/S 80C, Rs.118000/- in U/S 80CCD (1) and Rs.50000/- in U/S 80CCB (1B) of Income Tax Act, 1981.

3. If any employee has been contributed Rs.32000/- (10% of Salary) in NPS and Rs.156000/- in PPF or LIC, can he takes tax benefit of Rs.150000/- in U/S 80C and Rs.32000/- in U/S 80CCB (1B) of Income Tax Act, 1981.

If CIT (A) has passed a order allowing a expenditure but dept. file further appeal to ITAT. so until the appeal is pending in ITAT which judgement shall prevail.

one of my frnd closed his business in december 2015. he has some tds refund for the AY 2016-17 He wants to file a income tax return for AY 16-17 now itself... can he file a income tax return before the financial year is complete.. advise me urgent.