I have a query about allowance on an expenses in income tax act. If an employee buys medicines for personal purpose and get reimbursement from company, is it deductible expenses for company and what is treatment in the hands of employee, is it taxable for employee.
Answer nowIf we have claimed more deductions than what we have.. Is it possible to get income tax refund from AY 2017-18 onwards?? Because Dept is issuing notices u/s 143(1)a which asks about clarifications for such excess deductions!!
Answer nowHi,
I've to file IT Return for NRI from INDIA. is it necessary to file return through Representative assessee or can we file ITR by mentioning the details of NRI in(ITR Verification Menue) such as Name and PAN of NRI.
Please help me..
With Regards,
Narsihma R
what is dearness pay? is it different from dearness allowance? please explain it with example?
A person takes tax saver FD of Rs.1.5/- Lacks in April 2016. He died in may 2017 before filling ITR. Now this FD is being closed due to his death. So should his legal heir show this amount in 80C or not while filling ITR on his behalf? Please Suggest. This FD is being closed now by bank.
Answer nowDear Expert,
I have income from two house properties and business turnover of 105 Lac with 9Lac profit. I tried filling in ITR-3 under no account case as per 44AD but the utility asks for balance sheet and PL details. without which it shows the return to be defective under section 139. Please help as we are tried using excel/java utilities but with same message in the end.
Dear Sir,
Whether the last date for linking the PAN Card with Aadhar Card in the Income Tax Portal is 31st August'2017.
Thanks,
Abhishek.
Dear Sir,
In a form 16, Rs 77014 is mentioned under section 80C. Rs 125906 is mentioned under section 80CCD. The total amount of Rs 202920/- has been deducted from the gross total income.
While efiling the IT Return, it is not allowing the entire amount of Rs 202920/- to be deducted from the gross total income. It is taking only upto Rs 1,50,000/-.
Can we split the NPS contribution amount of Rs 125906/- in 80CCD(1) & 80CCD(1b) and e-file the IT Return?
(i.e.,can we show the amount exceeding Rs 1.5Lakh under section 80CCD(1b))
Hi,
I have noticed outstanding demand amount in my dad's IT account in the IT website for the AY 2003-04,2004-05,2006-07,2007-08.2008-09.
The problem is we never received any notice from the department to the registered address.It There is no way that we could have missed the notices sent to the address for all the years. And we have also paid taxes during those years. I was alarmed when I saw the notice in the website.
1)Pls guide me as to what am i supposed to do. I do not have the calculation sheet of the department since we never received the notice.
2) Does the outstanding demand include the tax amount already paid or the entire outstanding amount is payable??
Sir,
A man is doing wholesale business for last one year i.e april 2016 but does not have any vat or service tax number.now in gst there have to fill commencement of business date and libiality to register .So i am confuse which date to show april 2016 or can show recent one.Plz guide
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Deduction under income tax.