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Anonymous
This Query has 4 replies

This Query has 4 replies

Hi,

I 'm really having a tough time in getting my pan to aadhar linked. My name is "Srivathsan Ravindran" and my PAN and Aadhar reflects the same. But my linking was failing.

When i checked the Income tax website i see my name is mispelled at name as per pan field. Instead of "Srivathsan" it is "Srivatshan". I sent a request to Income tax people and they said my name is incorrect in PAN database.

So i tried correcting my name in PAN database and they have come back saying the below

Your request for 'New PAN card and/or Change/Correction in PAN Data' cannot be processed as PAN holder details provided by you in the application do not match with PAN holder details in the Income Tax Department (ITD) database. A letter dated 23-Jun-2017 communicating the same is being / has been dispatched to you. For clarifications contact TIN Call Centre at 020 - 27218080.

I'm stumped now. Not sure what to do. Any advice here would be helpful.

Thanks,

Srivathsan


CA. Ankit Kesarwani
This Query has 4 replies

This Query has 4 replies

20 June 2017 at 16:08

Gst

its a baba Ji dhaba for provide lunch dinner turnover more than 2 crore is gst mandatory



Anonymous
This Query has 1 replies

This Query has 1 replies

14 June 2017 at 18:43

Lic jeevan akshay vi plan & 80c

I have purchased a Jeevan Akshay Plan VI from LIC by paying a single premium of Rs. 1,58,000/-. From Which I will get an annual annuity of Rs. 10,800/- each year from next year. Whether Single Premium of Rs.158000/- is allowable as deduction U/S.80C for AY 2017-18. Whether annual annuity of Rs.10,800/- will be taxable ?



Anonymous
This Query has 4 replies

This Query has 4 replies

12 June 2017 at 21:32

Income tax

Income from selling of homemade meals at a very small scale (and is not a business),chargeable under which head of income, under income tax act ?



Anonymous
This Query has 2 replies

This Query has 2 replies

I am dealing in sale of sim card and recharges vouchers of various companies to my customers. My gross profit on sale is 2 to 3%, but my turnover crosses Rs. 1.00 crores in a year. Whether I will have to declare my income U/s. 44AD @ 8% on sales, if I do not maintain any accounts.? Please guide me accordingly .



Anonymous
This Query has 1 replies

This Query has 1 replies

31 May 2017 at 15:34

Family pension

My Client's husband passed away but she did not receive any pension for next 33 months. Then she was given pension in lump sum for 33 months. How can I calculate tax on it. Also, is there any relief which can be claimed as it does not contain any arrears relating to pay commission?



Anonymous
This Query has 2 replies

This Query has 2 replies

I had filed my ITR 4S for AY 2016-17 showing income from legal profession Rs. 4,22,400/- (Out of total turn over of Rs. 7,68,000/-). Now I have received a notice u/s 139(9) stating the ITR as defective and instructed me to file revised return. What should I do now ? I did not undeestand.


RAMESH G KUNDNANI
This Query has 4 replies

This Query has 4 replies

25 May 2017 at 14:17

Late filling of itrv to cpc

Sir.
I have filled itr online but sent ITRV after 120days to CPC Bengaluru, Now status of ITR is ITRV filled after due date what i have to do for same
Thank you



Anonymous
This Query has 1 replies

This Query has 1 replies

One of my clients have purchased from me machineries on different dates billed for Rs. 1.50 lac, 1.25 lac & Rs. 1.7 lac. He paid me cash rs. 1.50 lac, 1.25 lac & 1.7 lac on different dates. Whether the said cash receipts are liable to be penalised U/S.269ST


THIYAGARAJAN SUBRAMANIAM IYER
This Query has 1 replies

This Query has 1 replies

18 May 2017 at 19:10

Lt cg on property

We as biological parents have transfereed the title of our flat (Purchased at Rs45 lakhs in 2009) in the name of our daughter in Dec 2012 through a registered deed of settlement She had in turn given us the General Power of Attorney to do several things on the flat including renting it and even selling it on her behalf The GPA was also registered duly Our daughter was an NRI since 2002 and settled in the USA with her husband and not employed in US too. She has a PAN but not returning any tax return being unemployed while in India before marriage and also in the USA after marriage The rental income since 2014 is hardly Rs11000 PM and as PoA holder I receive this in the joint account.She has become a US citizen in April 2016. Her Indian Passport has become invalid post her renouncing Indian Citizenship She wants to dispose this property now. Whether we the GPA holder sell the flat on behalf of our daughter and after paying LTCG tax of Rs3 lakhs (10% of Rs30 lakhs CG Rs75 lakhs less Rs45 lakhs being the cost incurred by us) using her PAN ,whether we /she can repatriate the balance proceeds to her US Bank account? Is the LTCG is Rs30 lakhs or is it Rs75 lakhs? ( being settled free in our daughter's favour without any consideration)






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