SIR..I HAVE 1 QUERY..
suppose a firm is purely dealing in contract regarding purchase of raw material of clothes and then assemble it and finally readymade clothes given to party like schools hospital companies..etc...then the particular transaction is covered under business or profession u/s 44ab..??
please help bcoz turnover limit matters..
thanks in adv..
Dear Experts
Kindly confirm if the deduction u/s 80CCG of up to 50% of the amount invested in eligible securities under Rajiv Gandhi Equity Savings Scheme is available to investors with GROSS TOTAL INCOME OF less than Rs.12 Lakhs or ANNUAL TAXABLE INCOME OF less than Rs.12 Lakhs.
Please clarify.
Thanks
I received the following SMS:
As per our records, it is observed that you have not filed your Income Tax Returns. Please login to https://incometaxindiaefiling.gov.in. and submit details under Compliance module.
This is for the ITR AY 2011-12 which I had not filed under the impression that as per the orders of the IT Department 'No Income tax return is required to filed by Salaried employees if their total Income is less than 500000 for the AY 2011-12'. My total income (after deduction of 80C to 80U) was around Rs. 4,17,000/- and TDS was Rs. 26350/- for the AY 2011-12.
I would like to know what reply should I put in the remarks column of the 'Submit Compliance Form' and can I file my ITR now. Will I have to pay any penalty.
Whether it is necessary to deduct TDS from Salary for the each month of respective previous year? can we deduct TDS at the end of Year after considering salary and other income(as reported by employee.)
Kindly give me the reference
Hi,
I have received a notice from ITD regarding non filing of income tax return for ay 2009-10, 2010-11, 2011-12 & 2012-13, in these fy I have done lots of transaction for income and also deducted tds by party approx. 20,000/- every year. Regarding this what I should to do. please help me
my salary statement has the following heads Basic salary,Sp all,LOP,PF,ESI,Profession tax,TDS & net salary
When i want to book salary in tally , how should i do it ? What is the Heads of those Payroll ? Is it will be Capital or What?
2. What is the Entry when I am getting Salary of March in April?
Should I booked in March PLZ...... Advice
iTS URGENT
Please guide me the procedure to reset password for income tax site to get form 26AS, as it was registered long ago we don't have any details of secret question, registered email address and their is no acknowledgment number as it was filed manually, kindly suggest me as soon as possible.
Thanking you
Sir,
While Filing Tds Return.
I have Done a Mistake that I
have Quoted a same Challan under Different Quarters.say both In 1st Qrtr and 2nd Qrt.
I have Done the Correction(Revised) in 1st Qrtr and removed the Challan From 1st Qrtr.
But When I am viewing the Challan Staus in Traces Site Then it is Showing that.
For 1st Qrtr the Amount of the Challan is Zero and Status is Matched, While in 2nd Qrtr it is Showing the Amount also but OVERBOOKED . How to Correct this, please assist. Help needed.
Dear Experts
While filing of ITR 4 for A.Y. 2013-14, I have claimed TDS deducted u/s 194J in TCS column. Can my Income Tax refund issued late by Income Tax department for this reason or I have received my Refund on time? Kindly suggest if any further action is required from my side.
Thanks in advance.
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Return of a.y12-13(f.y11-12)