EASYOFFICE
EASYOFFICE
EASYOFFICE


Krishan Kumar Goyal
10 October 2017 at 18:05

Advance tax liabilities

Dear sir,

If a senior citizen have salaried income, interest income, and income from business or profession. On his business income TDS has been deducted but now he is filling his income tax return the income tax software shows interest on advance tax while TDS has been deducted on Income from Business or Professional.
My question is that
when the tds has been deducted on income from business or profession it means we have deposit income tax on income from business or profession now why is advance tax liabilities arise.

Answer now

Krishan Kumar Goyal
10 October 2017 at 17:57

Advance tax liabilities

Dear sir,

If a senior citizen have salaried income, interest income, and income from business or profession. On his business income TDS has been deducted but now he is filling his income tax return the income tax software shows interest on advance tax while TDS has been deducted on Income from Business or Professional.
My question is that
when the tds has been deducted on income from business or profession it means we have deposit income tax on income from business or profession now why is advance tax liabilities arise.

Answer now

sai deepika.k
10 October 2017 at 07:37

Tax audit or 44ad

Hello,

When an assesse has a turnover of One Crore Eighty Six lakhs (1,86,00,000),
and willing to show a profit of 8%, then is it better to file under section 44Ad or is it better to go for tax Audit report.

Thanks in advance.

Answer now


Anonymous
10 October 2017 at 06:59

Proprietorship

I have my proprietorship. How to caonsolidate balances of various accounts to personal balance sheet? Or else only profit needs to be added?

Answer now

saraswathi
09 October 2017 at 23:30

HRA exemption

An employee who is having own house given for let out and he is staying in rented house can claim HRA. and he is having house loan on this house. what is the treatment can he claim or not. pls suggest.

Answer now

Sharath

sir., please explain me whether the rebate u/s 87A is allowed if the total income before adding agricultural income is less than 500000 and after adding agricultural income is greater than 5,00,000....... please explain...

Answer now

Devender Kumar
08 October 2017 at 09:07

Income tax notice

a cyber cafe owner use his personal saving account for cyber cafe purpose and during financial year 2014-15 a sum of Rs 10 lac depsoited in his personal saving bank account now he received notice from income tax department .then what reply shall be given to department .pls suggest.

Answer now

DILIP KUMAR
08 October 2017 at 08:35

LIC MONEYBACK AMOUNT RECEIVED

Dear sir, I received 20000 in 4th year from LIC of India becoz my plan is money back plan so suggest me it is taxable as other source income or not....

Answer now

Suresh kumar saini
07 October 2017 at 23:13

Income tax refund

I am apply for TDS REFUND last 5 year before assessment 2016-17

Answer now

Ashim kr Ray

sIR,

cAN CIVIL CONTRACTOR TAKE COMPOSITE SCHEME UNDER GST.

Answer now