Tax on Business Income under normal provision 12.87 Crore
Tax on Capital Gain 0.35 Crore
Total Tax under normal provision 13.22 Crore
Tax under section 115JB is 12.90 Crore
earlier years MAT Credit is 0.75 Crore
now what is the treatment related to mat credit
Please suggest

Sir,

In a partnership we have turnover Rs.2925000/-get a profit 649750/- after Salary of both partner its 169750/-So can we need to do tax audit. and tax calculation amount of 649750 or 169750/-how much income tax we need to pay

Please reply

Sir,

I have to file Income tax return for the F Y 2015 - 16 ( A Y 2016 - 17 ). Nature of Income is " Profession " and I suppose, I have to file ITR 4.

Now, while I try to download the ITR 4 XL utility file for the A Y 2016 - 17 from Income tax web site, the said year is not available in the pull down menu, while other Assessment years are being offered.
While the IT portal accepts only XML file, how shall I file the return online ?

Please help me.

Our ESOP trust filed ITR-5 for AY 1617.
Now we have received notice u/s 139(9) for defective return which says following

Error Code-331

Error Description-Tax Payer has shown gross receipt or income under the
head “Profits and gains of Business or Profession” more
than Rs. 1 crore; however, Part A of the Profit and Loss
Account and/or Balance Sheet have not been filled and/or
the books of accounts have not been audited.

Probable resolution

Please fill the Part A of Schedule Profit & Loss A/c &
Balance Sheet details and also provide details of audit report
obtained u/s 44AB in Part A – General.

We have shown following income in Part A-P& L
Dividend income-1,42,00,605
Interest income-14,66,578
Profit on sale of investment being securities chargeable to Securities
Transaction Tax (STT)-16,04,55,412

Now how to cure defect ?In fact there is no defect.
Please advice

Dear Sir,
By mistake i have made payment of TDS U/S 194I (Rent) two times in the previous month . Now when i am going to make payment of TDS U/S 194I for Jan month , Can adjust that extra paid in previous month with cureent month due ??

Respected Experts,
Please guide me on the following in connection with filling of ITR.
I am a retired employee of BSNL and having 325000/- annual income from my pension & all sources, also I am a senior citizen. So please guide me whether filling of ITR is compulsory for me.
Thanks.
R.n.Shah

For the last assessment year 2017-18 the original return was filed timely , But After receiving notice under 143(1)(a) - due to variance in income as a mismatch with 26AS, I need to pay additional tax by filing revised return - then under which section the revised returned will be filed ? Also Do I need to pay interest under section 234(A) on the additional tax that need to be paid ?

Dear Sir,
I want to reset password of my my client login. Whether I can use my DSC to reset his login password?

HI All,

I had filled returns in May'17 for AY 17-18 with DSC. Still it was under processing.

Had contacted CPC many times but they are telling still under processing.

Could any one please advice how to make it process and get refund.

Thanks in advance.

I had filed ITR-3 on the option of Non-Account Case by showing therein Gross Receipt of brokerage and commission, gross profit, expenses and net profit but the income tax department has treated the ITR-3 as defective return with the memo of disallowances/ defects identified in the income tax return. Please guide me sir and oblige.