I have got my PAN CARD just before a month ,can i file income tax return for assessment year 2016-17??
Answer nowWhether Web Hosting Charges and Development charges covered under 44AD or 44ADA of Income tax act
Can any body guide me whether a person drawing salary from two entities qualifies for deduction of 250,000 in first 5 lakh of Income from both the entities
Answer nowTDS taken by the service providers to a partnership was Rs 35000 in the FY 2014-15 and after filing return the amount was refunded by CBDT (Say) Rs 32000 and interest Rs 500 after adjustment of Tax of Rs 3000.
Now, return for the FY 2015-16 pending where TDS of Rs 38000 was taken by the service providers where actual tax payable is Rs 3500 for the FY 2015-16
Pl advice how to show in the PL and B/S with journal entries too.
A partnership firm is there wherein ITR-6 has to be filed u/s 44-AD for the ay 2017-18. Nett Profit has arrived as at Rs 7,887/= exactly equal to 8% of gross total receipt. Whether Remuneration 90% Rem of Rs 7,098 will be allowable under allowable expenses u/s 44-AD. If the said Rem is allowable, nett profit after providing 90% rem will arrive as at Rs 789 less than 8%. Please guide me what to do in such case. I shall be highly obliged.
Answer nowI am supposed to rent my house property to hotel owner to run the hotel, In which head it will be taxable.
Answer nowa person is having income as a professional as well from trading. given the turnover below the audit limit, can he claim these two different income, from profession u/s 44 ADAQ and trading u/s 44 AD ?
Answer nowDoes penalty u/s 234F applies even if Tax payable is Nil ?
CAN I DEDUCT TOP-UP LOAN INTEREST UNDER INCOME FROM HOUSE PROPERTY IF ALREADY HOUSING LOAN CONTINUES.
Answer nowSIR
I HAVE A PAN AND BY MISTAKE A SECOND PAN IS ISSUES TO ME. WHEN I FOUND IT I APPLIED FOR SURRENDER & CORRECTION IN EXISTENCE PAN WITH NSDL RECEIPT ACK NO. N-082699700165740 DT 25/07/2017. BUT ITS SHOWN Your application for 'New PAN Card or/and Changes or Correction in PAN Data' is under process at Income Tax Department . I CALLED TO NSDL CALL CENTRE HE TOLD ME THAT PLZ CLEAR YOUR PAN DATA WITH YOUR RO. I MAILED MY RO BUT THERE IS NO REPLY.
WHAT CAN I DO NOW. HOW CAN I GET MY CORRECT PAN.
PLZ HELP ME..
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