My client recd. tds wrongly claimed amount recd. Now repay to govt. how to pay and which head payment challan (e.g) self asst. tax or Regular asst. tax
My client recd. tds wrongly claimed amount recd. Now repay to govt. how to pay and which head payment challan (e.g) self asst. tax or Regular asst. tax
Self Assessment tax .......... (as no demand being raised from ITD)
Wrongly claimed tds amount where can i show column ITR FORM 1
Just revise the return without claiming TDS in TDS2 (or TDS1, as the case may be), and pay additional tax liability, with interest if any. If already refund received, add that much amount back in tax liability.
DEAR SIR, THANKS LOT SIR
Dear sir,
One more another question ?
My client purchased lorry = 15,00,000
Less :01.04.2016 Depreciation value = 2,25,000 (1 Year)
------------------
Opening balance on 01.04.2017 12,75,000
------------------
08.01.2018 on dated sales lorry value = 12,50,000
My question
Which amount can i take pay tax (Short term capital gain from depreciable assets)
Depreciation not charged for 2017-18, hence STC Loss of 25K.
| Originally posted by : AUDITOR VINOTHKUMAR | ||
![]() |
Dear sir, One more another question ? My client purchased lorry = 15,00,000 Less :01.04.2016 Depreciation value = 2,25,000 (1 Year) ------------------ Opening balance on 01.04.2017 12,75,000 ------------------ 08.01.2018 on dated sales lorry value = 12,50,000 My question Which amount can i take pay tax (Short term capital gain from depreciable assets) |
![]() |
Thanks fo reply
If sale amount 18 laksh diff amount taxable?
12,75,000 - 18,00,000 = 5,25,000 (taxable amount)
Obviously
https://www.caclubindia.com/forum/income-tax-on-brandband-internet-service-486939.asp
sir, pls above querry reply
Sorry, I don't interfere........
https://www.caclubindia.com/forum/auction-of-scraps-by-govt-deptt--493639.asp
Your are not logged in . Please login to post replies
Click here to Login / Register
HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
View Details
Goodwin Pumps India Pvt Ltd
Chengalpattu
CA Inter
View Details
RMA And Associates LLP
New Delhi
CA Inter
View Details
CCI
Pro
India's largest network for
finance professionals