Whether a person can take cash above Rs 200000 for his 2 bills of 150000Rs
What is the tax rate applicable on incomes of political party and electoral trust other than those exempt u/s 13A and 13B respectively (eg:- PGBP for PP and IOS for ET) and which type of "person" are they for assessment purposes under income tax act,1961 ?
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.
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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)
FR & Direct Tax (Regular Batch Combo) For May 26 & Onwards
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