Vivaan
22 June 2017 at 12:25

TDS

tds deducted in Ay 15-16 can I claim refund in Ay-17-18 return???? what is last date to claim tds refund

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PANKAJ KUMAR SRIVASTAVA
21 June 2017 at 19:12

Remuneration to partner

RESPECTED SIR,
A LIMITED COMPANY IS PARTNER IN A PARTNERSHIP FIRM.
SIR, CAN PARTNERSHIP FIRM PAY REMUNERATION TO THE LIMITED COMPANY


WITH REGARDS

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Preetam Singh Shekhawat
21 June 2017 at 18:53

Tax audit

Dear Sir,

A person is carrying the business of Bakery. His Total Sales is 60,00,000/- in the FY 2015-16. He is showing the income less than 8 % and maintaining the books of accounts and his total income is exceeds the maximum amount which is not chargeable to tax. Whether he is liable to get his accounts audited u/s 44 AB? He is not opted for section 44 AD presumptive basis.

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MAHESH PATIL
21 June 2017 at 15:31

TDS

is it required to make tds on bill amounted to Rs 35000/-, where material is Rs 32000/- and labour Rs 3000/- bill of electrical material and maintainable.

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Kishor

Hi, I am Kishor, married and aged 43. I am having income from fixed deposits only. What all IT deductions available for me other than salaried person? Can I take 15K medical reimbursement benefit? house rent benefit? in deduction.

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Anonymous

Dear Sir/Madam,

An employee of a company gets leave encashment salary every year on account of his excess leave balance over the prescribed limit. (This is a leave encashment during the continuance of service)

Whether deduction/exemption is available u/s 89 or any other section of the Income Tax Act in respect of this?

Thanks.


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AMOL RAYKAR

Dear experts, we have registered a partnership firm in August 2016. The firm is in prototype development phase,we have generated no revenue. I have to file ITR for FY 216-17. I want to carry forward the losses from FY 16-17. so my query is it necessary to do tax audit to carry forward losses.

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Jomon P B
20 June 2017 at 21:38

Form 15g/h

Kindly give your expert advise on the below matter :-   We have to upload consolidated Form 15G/ 15H for a full financial year for a company.  The interest  on deposit is being paid to the depositors monthly. Certain persons’  interest is below Rs: 2.50 Lakhs per year and we have collected 15G / 15H from all these incumbents.   *Whether we have to upload Form 15G/ 15H in every a quarter whenever interest is paid.   OR   *Whether we have to upload this only once for each such depositor    ( ie. In the quarter when they have opened the  a/c  ) .   Pls Advise...

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Jomon P B
20 June 2017 at 21:28

Form 15g/h

Hai We have to upload Form 15G/ 15H for a full financial year for a company.  The interest  on deposit is being paid to the depositors monthly. Certain persons’  interest is below Rs: 2.50 Lakhs per year and we have collected 15G / 15H from all these incumbents.   *Whether we have to upload Consolidated Form 15G/ 15H in every a quarter whenever interest is paid.   OR   *Whether we have to upload this only once for each such depositor    ( ie. In the quarter when they have opened the  a/c  ) .   Pls advise.

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Sangram Kumar Nayak
20 June 2017 at 20:10

It return filling and refund

Dear Sir,

We have a client who has not filed Income tax return for the AY 2016-17 till today. Further he has to get IT refund also according to the Income Tax calculation for the said AY 2016-17.

Can he file IT return for AY 2016-17 now and is he eligible to get a IT refund.

Please clarify.

Regards,
Sangram Nayak.

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