How to verify form no.16 & 26as
one person who is doing job with company salary of Rs.50000/- per month but no entry is found in form no.16 and form no.26as.who filled ITR but ITR tax paid is Rs.zero.

How can i accept this ?
pls guide me.

I missed due date for filling return for a.y. 2018-19 and my income is Rs. 350000 so, If i fill now i have to pay penalty . then whether i should pay penalty in the same challan, which i use to pay for self assessment tax or i have to pay Rs. 1000 in seperate challan

A partnership firm incorporated during FY 2017-18 and having turnover of Rs.60,00,000/-

The net profit is Rs.-250,000/-

My Queries are:
1. Whether ITR 5 can be filed with loss without any audit or 44 AD?

2. Whether 44AD Audit is compulsory to declare the loss ?

3. If no audit is done, whether ITR can be filed u/s 44AD and declare the net loss ?

TIA.

If any Co likes not to calculate depreciation as per Co Act but likes to calculate depreciation as per Income tax act into balance sheet, is it acceptable or not ?

A PERSON DEALING IN TIMBER TRADING FROM LOCAL MARKET AND HE IS NOT PURCHASE ANY TYPE OF TIMBER FROM LEASE/FOREST DEPARTMENT IS THIS TRADING IS APPLICABLE FOR TCS UNDER SECTION 206 ASPER TCS ACT,1961
PLEASE CLEAR ME

A PERSON DEALING IN TIMBER TRADING FROM LOCAL MARKET AND HE IS NOT PURCHASE ANY TYPE OF TIMBER FROM LEASE/FOREST DEPARTMENT IS THIS TRADING IN APPLICABLE FOR TCS UNDER SECTION 206 ASPER TCS ACT,1961
PLEASE CLEAR ME

Hello, I made payment to transporter agency in cash for carriage of agricultural produce amounting to 50000/- In this case section 40A(3) will be attracted.. further tds have to deduct.. but the transport is not ready to receive the amount in cheque nor ready for tds deduction.. Business is totally dependent on these services ..what can be done?? please help

Assessee having turnover of Rs. 1.32 crore so he wants to opt section 44AD (As lilmit under section 44AD is 2 crore) . and wants to declare profit @ 5% by carring out audit under section 44AB by maintaining books of account.

he can file return under section 44AD (ITR 3) or normal return has to filed by assessee without showing 44AD.

If a property is transferred to the legal heirs via probate after death of a person. & the legal hairs sales the property in two months of the said transfer, then the income will fall under Long term capital gain or short term capital gain.

Hi,

A company in its AGM has stated that it needs around 30 crores of loan. And that this will be raised as unsecured loans

A shareholder approached me with the balance sheet of the company and asked me to calculate if such amount is required to be raised.

Can someone help me how should i recheck that 30crores requirement