Income tax return e-filing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 August 2015
MY FRIEND DOING CONSTRUCTION BUSINESS. HIS TURNOVER IS 1,02,56,231.00 IN THE A.Y 2014-15 AND TDS 1,02,562.00.SO, TAX AUDIT APPLICABLE. HE WAS NOT FILED HIS IT RETURN TILL DATE. WHEN I FILED HIS COMPUTATION AFTER DEDUCTING C.Y TAX, HE HAD CLAIMED HIS REFUND UP TO 45,023.00.
MY QUERY IS, HE IS LIABLE FOR LATE FILING TO PAY PENALITY U/s 234A OR ANY OTHER SECTION
MY QUERY IS, HE IS LIABLE FOR LATE FILING TO PAY PENALITY U/s 234A OR ANY OTHER SECTION
16 August 2015
If I understand that these are the only facts, there should not be any 234A, as the TDS is covering the entire tax liability in your case. Even 234B and 234C will not come into picture. Based on the 2 figures shared by you.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- FEMA regulation Act. for inward remitance
- Rental income of jointly held property
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
