Poonawalla fincorp
Poonawalla fincorp


Harinath Singh
10 July 2019 at 22:14

Employer details for pensioner

My father is retired person and earning pension income and he has pension A/c. in Union bank but no TDS Deduction on his pension income.

As i know pension income should be treated as salary income sec 17(1)while filing ITR

at the time of filing ITR which employer details i fill in ITR form whether previous ( from where he is retired ) or Bank branch in which he has pension account.


Devesh jain
10 July 2019 at 22:11

Regarding taxablity for seafarer.

good day sir,

Myself Devesh from Jain and i am a seafarer. I am sailing on a foreign Flag vessel and sailing always outside Indian Water. As per Income tax, Our salary Salary is Non-Taxable. I want to know, In ITR Form 2,
a) What should i write in column of Tax Jurisdiction and Tax ID Number.
b) In the other coloum where, they as us to mention number of days in india in last four year?
c) I suppose it should be less than 365. What if it is more ? Where as, in 2018-2019 i am having More than 182 Days Outside India?

Appriciate your response..


Suresh S. Tejwani

I HAVE SALARY INCOME WHICH IS RECEIVED AND ACCRUED OUTSIDE INDIA - OMAN. I HAVE RECEIVED SALARY FOR WORK DONE IN OMAN WITH INDIAN COMPANY AND THEN I TRANSFER THAT SALARY IN INDIA. DOES I AM LIABLE TO FILE INCOME TAX RETURN IN INDIA FOR SALARY RECEIVED IN OMAN ? AND THAT INCOME RECEIVED IN INDIA IS TAXABLE OR NOT


Mini Gupta
10 July 2019 at 17:40

Annual return gstr-9

In table no. 12 & 13 I wanna know about the word "Previous Financial Year" for the Annual Return 17-18.
Does it mean 16-17 or 17-18?
Please do solve my query as soon as possible.


TARIQUE RIZVI

Ours is a partnership firm and we have given on rent our plant & machinery. Yearly Rent is Rs 64,80,000. Whether there may be certain exemption and deduction on such income. What to do in such case ? What are the related expenses which can be claimed against the said rental income.


Kashinath Samant

I receive stocks from a company which I sell to a retailer as per the companys instructed price which is lower than the purchase price.I get a credit note without gst from the company for the same.Now the issue is should I pay tax on the credit note received from the company or not?


sajal jain

A PERSON HE HAS A 1 SHARE OF A UNLISTED PVT COMPANY & HE IS BENEFICIAL OWNER OF THE COMPANY

SO WE REQUIRE TO DISCLOSE IN LIST OF UNLISTED SHARE .....?


sajal jain
10 July 2019 at 16:41

Related to itr2 , itr3

A PERSON HE IS A DESIGNATED PARTNER IN LLP SO WE NEED TO DISCLOSED IN ITR 3 OR 2

PLEASE TELL ME - IN WHICH LIST WE HAVE TO FILL - PARTNERSHIP FIRM OR DIRECTORSHIP DURING THE YEAR ....?


Arpan Nayak

Hello Learned fellows.

I had filed ITR-3 for AY 2018-19, showing 72 years old assessee''s FD Interest income, Partnership Interest, Partnership Salary and Share of Profit from the firm, on 23/07/2018. Very lately I realized that I should have filed ITR-2 for a partner and not ITR-3. But that was already late, and the last date for even revising the return i.e. 31/03/2019 already lapsed by then.

Last month I received notice u/s 143(1) wherein the department rejected the Claim of Exempt Profit share and added it back to the Income from B&P and thereby demanded a good number of tax. Notice also contains that some amount of TDS is a mismatch, however, Form 26AS is not showing any such mismatch even as on date. It should be noted that Original return contained the amount as per Form 26AS only and not otherwise.

Some questions are important for me to know and understand.

1. Can return be revised/rectified by choosing different ITR-2?
2. Whether rectification U/s 154 should be invoked just because the original return still shows TDS amount as per Form 26AS, whereas Department denies this amount calling it mismatch?
3. Whether Showing of profit share from firm, will reduce the taxable income?
4. Can rectification u/s be invoked by challenging Department's view for Mismatch of TDS against Form 26AS?


vinod

Dear Sir,
Please guide me regarding solar evacuated vacuum tubes ( water heater use ) import custom duty and gst rate.
HS code No 84199010

Thanks,
Vinod