pundalik mane

I would like to know that can I file itr (income from other sources) for a.y. 2012 - 2013. since income of said a.y is below taxable limits. is there any interest occured u/s . 234a. kindly advice as soon as possible. Thanks in advance. Pundalik mane.


Maulin Mistry
18 April 2014 at 13:15

Regarding tds short deduction demand

I HAVE FILED MY 4TH QUATER TDS RETURN ON 12/4/2014. IN TDS RETURN I REPORTED MY ONE EMPLOYEES YEARLY TOTAL TAXABLE INCOME RS.460393/- & REPORTED TAX DEDUCTED AS 24760/- BUT TODAY I RECEIVED DEMAND NOTICE AS THEY SAID TDS TO BE DEDUCTED AS RS.24820.48/-.

MY QUESTION IS AS PER INCOME TAX DEPARTMENT 2000/- REBATE U/S 87A HAS TO BE DEDUCTED FROM BASIC TAX WHICH IS 26039/- AND THAN AFTER ON REMAINING RS.24039/- E.C.(2%) & SHEC(1%) CALCULATED SO WE GOT NET TAX PAYABLE AS 24760/-. I ALSO ATTACHED TAX CALCULATION SCREEN SHOT.

IN JUSTIFICATION REPORT THEY SAID SORT DEDUCTION OF RS.60.48/-.THEY CALCULATED E.C. & SHEC BEFORE DEDUCTING 2000/- REBATE U/S 87A. HOW ITS POSSIBLE. IN INCOME TAX EFILING PORTAL TA CALCULATOR SHOW ME NET TAX PAYABLE AS RS.24760/- .

THAN HWO CORRECT TDS CPC DEPARTMENT OR INCOME TAX E-FILING PORTAL CALCULATION..

PLEASE SOLVE MY CONFUSION AS SOON AS POSSIBLE..


Anwar Shaikh
18 April 2014 at 12:57

Nil tds return

Dear Experts,

We have filed our company salary TDS return for 1st quarter.

But there after as there is no TDS deduction in 2,3,4 quarter we didn't filed TDS return

But as per NSDL website If there is no deduction in the fourth quarter but statements for all or any of the first three quarters were filed, statement for the fourth quarter giving only salary details (Annexure II) should be filed.

But when I prepared NIL TDS return by filling only Annexure-II & One NIL Challan entry in challan details then I got error as " T-FV-3165 Nil challan with no deductee records is not allowed"

Give me urgent reply how to file NIL return in RPU 3.8 version.



Anonymous
18 April 2014 at 12:50

Tax refund

Dear Sir,
when I track out refund/demand on login www.incometaxindiaefiling.gov.in., I found on status column/row (refund unpaid) and on Reason and payment mode row there is no any word . What is its mean? Am I not to get refund? Kindly tell me.

Regard
somaj


Puneet Kejriwal

Dear Sir/Ma'm,

Recently we received show cause notice for non-filing of ER4 return stating that our payment of duty including utilization of credit exceeds Rs. 10 Lakhs and we are liable to file as per Rule12(2)(a) of CE rules 2002.
the exemption limit for ER4 was Rs. 100 Lakhs and the same is still being informed to us by various excise officers and experts in the field. There is great confusion in the excise dept. regarding this and even they are not aware of any such notification that amends the rules to include ER4 return filing for units paying duty above Rs. 10 Lakhs. even after receiving the show cause notice, we are still being told that the exemption limit of rs. 100 lakhs holds and that we should send a letter to the excise office stating that as our duty is less than Rs. 100 lakhs, we are not required to file ER$.
Please guide me as to how I should proceed. A little online research about this suggests that such confusion exists as a new notification amending the CE Rules 2002 states that if duty above Rs. 10 lakhs is paid, then ER4 is to be filed, but the previous rule that if duty paid is below Rs. 100 lakhs, those are exempted from ER4 filing, still holds and has not been withdrawn. this creates contradictory rules in the CE Rules.


gopi kancharla
18 April 2014 at 12:37

Rate to claim exemption ?

Whats the percentage of income that can be payable by an individual of his total income to a political party to claim exemption under income tax act ??


D.SRINIVASULU REDDY

please send me charitable trust balance sheet and profit and loss account format of excel


Himanshi
18 April 2014 at 12:29

Confused

hello everyone I want to ask something. I am totally confused whethr I should go for both group or aingle group in may 2014 its my first attempt, nd I am not getting actually how much I m prepared? how cn I recgnise or measure? is it any diaadvantage of going fr single group?



Anonymous
18 April 2014 at 12:21

Itr 4s

Dr. deepika a dentist,want to file ITR.she has her own setup clinic and earns from consultancy fee and minor operation of teeth.she has no TAN for service tax as she earn from regular dentistry. she has no book of account and audit.her turnover is less than 10 lac. can she file ITR 4S (presumptive income)



Anonymous

whether leave encashment at the time of retirement of PSU is exempt from tax or not?






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