In the original return tax liability was zero and a full refund of the TDS deducted u/s 194O was due. Before filing the revised return, the refund status was still due thus we filed a revised return increasing the tax liability.
But Just a day before filing the revised return refund was received. The status of the original ITR is still "refund awaited". How do we pay off the liability, increased in the revised return?
Notification No. 2/2018- Central Tax (Rate) OF TABLE 3A
ONE OF MY CLAINT SUPPLY COMPOSITE SUPPLY TO CORPORATIN OF HAND PUMP MAINTENANCE SERVICE. IS HE EXEPTED UNDER Notification No. 2/2018- Central Tax (Rate) OF TABLE 3A ? IF YES SAC CODE ?
Trust section 11 exemption lost if itr is late?
for asst.2122, if itr was filed without audit report, (audit report was filed after itr was filed), exemption should not go right?
itr and audit report both were late,
my view--> if itr was late, they cant deny exemption
https://taxguru.in/income-tax/misinterpretation-section-12a1ba-cpc-lead-huge-tax-demands.html
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Can the experts throw light in this aspect please....
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Sir
Mr A 35 year purchased flat in joint name Mr A and Mrs A. ( wife is house wife) .
Can he let out property and show rental income as his wife's income. Rent agreement done wife's name.
Since last 2 years he is showing income as wife income . Just to save tax .
Clubbing of clause affected ?
He is doing right ?
Please advise
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How do we pay off the liability, increased in the revised return?