How a CA will deal with audit fee which is in dispute when the client claims it to be high?
What should be the approach?
Whether fee should be be informed in advance before audit starting?
Help me
HRA and standard deductions are available for deductions from salary income;what about exempt allowance sec 10(14)2;my pay slip does not mention car allowance,transport,mobile allowance;transport allowance but I use my personal car to travel from home to office daily fuel expenses per month 5000,and annual car maintenance charges 10000 per year:can I claim these under section 10(14)2;is daily allowance fully taxable
Income of Senior Citizen as follows
Salary income after std dedn Rs.16,228/-
Speculation Profit from shares Rs.18,475/-
Long Term capital gains on sale of shares Rs.34,789/-
Short Term capital gains on sale of shares Rs.1,24,212/-
Income from other sources Rs.4,79,325/-
Gross Total Income Rs.6,73,029/-
Less : U/s 80C Rs.1,45,000/-
u/s 80TTB Rs.50,000/-
Total Income Rs.4,78,029/-
My question is whether there will be any tax payable or will be fully covered u/s 87A ?
Hi Experts,
My query is wrt A.Y.2020-21. I am a salaried employee and filed my return claiming refund for Rs.45k. After processing of return, I was given refund only for Rs.25k. On checking intimation u/s 143(1), i found that HRA and Uniform allowance exemption have not been allowed to me. Though my employer allowed both these after verifying and taking relevant documents, which are genuine documents and not manipulated/fake. Based on this intimation, I submitted first for rectification and after than a grievance wrt this rectification stating all the facts and sharing all the relevant documents at the income tax portal. Still both the rectification and then that grievance got declined by CPC and no changes were done in the return details processed by them. Hence I am deprived for a less refund and don't' know how to proceed further after all this. Request you to kindly advise what can be done after this, as this is first time I was denied HRA/Uniform allowance exemptions by IT office.
I am filing ITR -3 for LIC Income, what will be the nature of Business, can I choose - 13018 -Other financial intermediation services n.e.c.
Kindly confirm
Return of income of society registered u/s12AA of the IT Act. Whether it is eligible to exemption if filed later than due date of filing
Good Morning Experts this is a query related to Gratuity.
I have 2 concerns. First is the term 5 years of service, does this mean 5 year of service with same employer? or can i take it as 3 years with 1st employer and remaining with the subsequent employer.?
Secondly, if I have received gratuity post 2 years of service, at the time of my resignation, can i take the benefit of section 10(10) of IT act1967.
Looking forward for your response.
Thankyou in advance.
A person has let out his property to another for storing agricultural products. Kindly clarify, whether this is letting out immovable property or for warehousing. Also clarify whether letting of immovable property for storing agri. products attract GST.
Sir,
A doctor maintained a private nursing home some health services provided and different doctors working in hospital.
Example: fees collections from health services for different doctors rs:20 lacs after bill sanction amount nursing home bank account credited.
Question:
1.fees collections amount another doctors (consulting and treatment charges)payment through on cash mode allowed in it act.
2.food and pharmacy and travelling expenses amount of payment through on cash mode allowed in it act.
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