My company credited my TDS into the wrong PAN 11 yrs ago and now in the 26 AS form in TRACES the amt is not being reflected.The Govt has levied me more the 200 % as penalty.What is my recourse.

A PERSON WAS FILING RETURN OF INCOME FOR F.Y 2017-18 IN 16.07.18........BUT HE WAS LESS FAMILIAR WITH INCOME TAX SITE........SO HE THOUGHT AFTER SEEING THE PREVEIW VERSION THAT HIS RETURN IS FILED.....
BUT TODAY HE BECAME TO KNOW THAT HIS RETURN WAS NOT SUBMITTED.....SO WOULD HE BE LIABLE FOR 5000 PENALTY ......OR IS THERE ANY OTHER OPTION ????/

Dear all ,
I want to know that a person (salaried based)having taxable salaried income 1 lac per month worked from april 18 to june 18
afterthat he resigned and notice period 1 lac dedctued in his full and final
now what the taxable income is 3 lac or 3-1=2 lac please suggest me . if any case law exist than please refer me
thanks

Hi, I'm an individual software developer working for overseas clients. My annual receipts this financial year(2018-19) may be around 60 lakhs, but definitely above 50 lakhs. Thus I can't use 44ADA, which I have been using since last 2 years. My expenses related to profession are not more than 3-4 lakhs a year.

My question is, can I incorporate a small company, and use 44AD. The business is software development and I work independently(not under any company). I can hire an employee and deduct TDS if need be to strengthen the case for 44AD.

Is this possible? Can software work come under business rather than a profession.

Thanks.

One of my friend is a salaried person.

He does consultancy business as a part time.

He has also has a loss in share trading around 25000.
While filing IT returns can the loss from Share Trading be adjusted against the salary income and COnsultancy ...

Please advice

Hello,
We received Form 24Q& 26Q to Chartered accountant...
we are not deducted TDS in salary..How To Reply Charted accountant To NIL TDS Return File.
Please Reply

MY FATHER IS A GOVT PENSIONER

HIS GROSS PENSION IS 366000
HIS INCOME FROM SB ACCOUNT IS 1912

THE GOVT TREASURY HAS DEDUCTED TDS OF 3549 FROM MY FATHER
ACCOUNT.

I HAD FILED RETURN ONLINE AND A REFUND OF INR 140 IS EXPECTED,

BUT MY DOUBT IS THAT
THAT SB INTEREST OF 1912 I SHOWED IN INCOME FROM OTHER SOURCES.
THE DEDUCTION OF 80TTA HAS NOT GOT EFFECT.

THAT IS THE REFUND AMOUNT MUST BE INR 140 OR (3549-1912) OR 1637

PLS CLARIFY

THANK AND REGARDS
SURESH

I M A TEACHER IN KV ON CONTRACTUAL BASIS. I ALSO TAKING TUTIONS . HOW CAN I GET FORM 16 & WHICH ITR FORM I HAVE TO USE FOR FILING TAX & UNDER WHICH CATEGORY . IE. SALARIED /PRFOFESSIONAL/ ETC

I want to link my pan with Adhaar
Can i link it without logging in income tax site

Secondly there is a difference of space in first name and middle name in Adhaar and pan card(There is space in pan card between first name and middle name but in adhaar card first name and middle name is joined
Will i face problem in linking it

Is it mandatory to maintain accounting by quantity wise or we can maintain it by value wise only. as there are multiple number of item and not possible to maintain accounting by quantity wise?