Consulting charges

How much amount will be paid by the company?

Whether lump sum or as per any terms?

Approximately 15 lac in 3 months

Approximately 15 lac in 3 months

Yes, Company will deduct TDS and pay the remaining amount. It will also give you form 16A, i.e. TDS certificate.

You will require to file relevant ITR and pay additional tax liability, if any.

One of my client, who  is a trust, duly registered u/s 12AA of IT Act filed their i ITR for 19-20 AY without mentioing the Reg.No.u/s 12A already issued long back. The trust was filing their returns since last 20 years with Regn.No. Due to oversight they did not mention the Regn.No. in 19-20 in their ITR. No reply was also given to the department for the defects mentioned by them through notice. The expenses claimed by the trust was disallowed and a huge demand was created. Rectification application was filed thrice, but of invain. How can the trust cancel the demand created due to a minor mistake of not mentioning the Regn.No.

Pl.help..

As on date it is difficult to revoke the demand. Trust should have filed appeal against the assessment order.

Thanks ..!! Which ITR i need to file (ITR1 or ITR2)

Simplest is ITR 4. Or ITR 3 can also be filed.