Dear Experts,
I have earned income from salary, My employers give to me HRA, but my employer not shown HRA exemption in form 16 bcoz i have not submitted my rent receipt to employer, I have claim rent Rs.60000/- u/s 80GG in ITR-1, so please tell me can i claim rent expenses u/s 80GG or other section in ITR-1, If other section please tell me which section i can claim HRA exempton.
Thanks & Regares
In reference with section 234F of Income Tax, 1961, please explain if someone's (below 60 years of age) taxable income after deductions under chapter VIA does not cross the prescribed limit of Rs. 2.5 lakhs, will he be liable to pay late filing fees/penalty of Rs. 1,000?
Will 44 AD lapse, if we have already filed IT return for FY 2016-17 under 44 AD and hadn't filed any return for FY 2017-18.
can we file 44 AD for FY 2018-19.
Dear Sir/Mam,
One of my client is having only 3 staff in his office. He gives salary to one of his staff as Rs. 75,000/- per month and doesn't deduct any tds since he don't have TAN number. Is there any way to show this amount in the books in such a way so that he can escape the TDS compliance.
The only reason he don't want to take TAN number as he doesn't have many employees.
Regards,
Divyesh Jain
PERSON RESIDENT OF INDIA HAVING INCOME IN INDIA AND EARN SALARY IN FOREIGN COUNTRY AND REMITTED TO INDIA. IN FOREIGN COUNTRY PERMANENT ESTABLISHMENT IS AVAILABLE.AND TDS WAS DEDUCTED IN FOREIGN COUNTRY. WHETHER IT IS TAXABLE IN INDIA OR NOT.
1. Is partners income as Remuneration, interest, share of profit can be claimed by partner under sec 44AD as presumptive income and claim 8% profit?
2. Is partnership firm under Sec 44AD or Sec 44ADA can claim deduction for interest and remuneration paid to partners as per Sec 40b?
The trust is registered u/s 12A of the I. T. Act, 1961. Gross receipt is 11,60,000/- and income over expenditure is only Rs 1,20,000/- . Form 10B was not filed with return of income for the A. Y 2016-17. my question is that if delay filing of 10B form not condoned then tax will be computed on which amount i.e Gross receipt or on income over the expenditure. presently the CPC processed return and calculated tax on gross receipt but I think it is not justified.
Hra exemption