Income taxable or not if deducted us 195 in 26as
This query is : Resolved
07 November 2014
as per 26AS of teh assessee income us 195 shows of Rs. 35,00,000 and tds deducted on the same of Rs. 437500 @12.5% as the country of residence is UAE
return was filed for rent income of Rs. 130000/- as per 26AS and claiming refund on the same of Rs. 13000/-
now in assessment office want to show all income @ 30% and pay the balance tax @ 17.5% on 195 section income
whether action intitiated by income tax officer in right
return was filed for rent income of Rs. 130000/- as per 26AS and claiming refund on the same of Rs. 13000/-
now in assessment office want to show all income @ 30% and pay the balance tax @ 17.5% on 195 section income
whether action intitiated by income tax officer in right
07 November 2014
you need to present your case before the assessing officer, with the detailed computation of income and residential status.
07 November 2014
it means it right to taxabale 195 income at normal slab
07 November 2014
It means you need to present your case properly. It is possible that AO May have treated you as a resident or that treaty benefits have not been granted properly...
07 November 2014
our client is non resident and tds has been deducted as per DTAA between India and UAE @ 12.5% of Fd interest income OF NRO account. We have offered the said income as under special rate of tax claimimg that our tax liability is restricted to 12.5%
But the assessing officer contention is that u should have offered it as normal income and tax should be levied as per normal slab
Since thier is no tax in Dubai though u have been given DTAA benefit but tax has to pay at normal rate. Is AO right in doing so ????????????
But the assessing officer contention is that u should have offered it as normal income and tax should be levied as per normal slab
Since thier is no tax in Dubai though u have been given DTAA benefit but tax has to pay at normal rate. Is AO right in doing so ????????????
07 November 2014
under which article of the DTAA you offered this income?
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
- House Property Reporting in ITR
- TDS Claim year
- Supply through E-commerce Operators
- Rent lease agreement
- Relief u/s Section 89
- TDS Challan Code
- GST ON DAMAGED GOODS
- Agriculture income or business income
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG on ETF gold & silver
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
