Assest like land purchased earlier but not disclosed in balance sheet. Now how to disclosed the land in current balance sheet.

PROFESSIONAL FEE PAID TO PARTNER BY FIRM (HOSPITAL) AS A DOCTOR FEE & TDS WAS DEDUCTED.


Read more at: https://www.caclubindia.com/experts/ask_query.asp

Dear Sir,
An Assessee have received a notice u/s. 148 of the IT Act, The details of notice is:-

Whereas I have reasons to believe that your Income chargeable to Tax for the Assessment Year 2012-13 has escaped Assessment within the meaning of section 147 of the Income Tax Act, 1961.
I, therefore, propose to assess/ re-assess the income/ loss for the said Assessment Year and I hereby require you to deliver to me within 30 days from the service of this notice, a return in the prescribed form for the said Assessment Year.
This notice is being issued after obtaining the necessary satisfaction of the additional Commissioner/ Commissioner of Income Tax/ Chief Commissioner of Income Tax.

Please tell how to proceed with the notice because in that year Assesse has income from Salary and TDS has been deducted from Salary and there is no taxes due as per Form 16 of that year and Assesse has filed ITR-1 in due time.

Thanks,
Abhishek.

tan no. wrong enter in itr of a.y 13-14, 14-15, 15-16, 16-17. due to this my refund not credit in bank account, Now any one give any solution of this issue. please revert asap.

Dear Sir,

We need your guidance on the following issues:

1. Whether income / loss from F&O is capital gain income or Business Income?
2. Whether 44AD is applicable on F&O transactions?

Under which section we have to file income tax return if the return filed originally is became in valid U/S 139(9)

DEAR RESPECTED MEMBERS

IF a housewife who take tuitions at home for neighbour children and earn approx 8-10K monthly. So her yearly income is approx 1 to 1.5 lakh yearly through tuitions. Again this is not regular, sometimes its less but never exceed 1.20 or 1.50 lakh. Also she have approx 10K income from saving bank account interest and bank FD intrest. Under all circumstance, every year her total yearly income will never exceed 1.60-1.80 Lakh even on including bank/fd intrests. I have few questions for which I need advise on this forum:-- (1) Which ITR form I should use if I am willing to file online ITR? Can I use ITR1 and show this tuition income as "income from other resources"? as it is not regular income and no books of accounts

Dear Sir,

there is no tds deduct by employer from my salary for ay-15-16 my in hand annual salary was rs-390507/-, but my house rent was rs-7000/-pm so how can i put rent amount in itr saral ? can i direct deduct rent amount from salary and remain amount put in (income from salary IN B1 )...........ITS URGENT PLSSS

Hi Experts,

An NRI has earned foreign income in USA and it has been taxed there according to US laws.
Further, some part of that already taxed income is received in India as INDIA Wages, Thus leading to Double taxation.

Q1. What part of Income will form part of Taxable income in INDIA.
Q2. How to claim tax relief.

Please help.

Respected sir/madam


The employer has bought uniform for their employees. This expenses which category should be accounted.
It is Australian based company bookkeeping maintained by Xero accounting software. It is pertains to office expenses or Staff Amenities and include GST or not?

Please give your inputs

Thanking you