I have already submitted an income tax return of a LIC agent with a valid bank account number for AY 2019-20, but that bank account no is not validated at efiling site , aadhar link was successful , from bank side they said that proper KYC was given for that bank a/c and they assured my client that everything is ok but still account number is not validated at all .
Then What should i do for the above problem ?
Whether validation of a bank account no is mandatory for a refund or not ?
Regards
Is after generation of e way bill (filed Part A & B) movement of goods necessary.
IF CONTRACTOR IS A MANPOWER SUPPLIER AND HE DIDENT CHARGES GST ON PF AND ESIC ON HIS BILL LATER HE UNDERSTAND GST WILL BE CHARGES ON PF AND ESIC ASO. CAN HE COOLLECT GST FROM COMPANY AND PAY TO GOVT. WHICH HE SUPPLY MANPOWER TO COMPANY ?? IF COMPANY PAY GST AMOUNT TO HIM THEN CAN COMPANY GET INPUT / REFUND GST AMOUNT ????
PLS SUGGEST US SOLUTION
Which section of Income-tax allows deductible expenses from Salary, interest received by a partner of LLP u/s 28(v)? As it is considered as PGBP income, which all expenses can be claimed?
Sir
During year 2017 18 registered trust having excess of expenditure over income of the trust. Excess expenditure incurred from earlier periods surplus fund(trust usually incurred expenditure upto 90% of income in earlier periods). Now my question is what should be considered as application of income in Income tax return 1. Actual expenditure incurred during the year or 2. Expenditure equally to income of fy 2017 18.??
GST on Rent-a-cab , if an event aggregator hires cabs from a transporter (registered under GST) , and the aggregator receives a payment from main unser with 5% GST, and at the same time receives the bills from transporter with 5% GST, should the aggregator deposite the GST on total amount @5% GST or pay the total bill of transporter and claim the Imput?
Hi
Can we deduct TDS u/s 194IA by consolidating some advance payments which totals less then 50 lakh?
For eg.- Ram paid Rs. 10 lakh in April, Rs. 10 lakh in May, RS. 25 lakh in June and 7 lakh in July (Totals to Rs. 52 lakh).
So in this example can we deduct and pay TDS in July as amount is crossing 50 lakh (threshold) in July or we have to mandatorly pay TDS with each installment?
Thanks in Advance
Dear expert,
While I am filing the response to section 139(9) by uploading XML file the system is showing an error stating
The XML schema is invalid. please upload the XML in the correct schema.
At line no 152 : Invalid content was found starting with element "PriBankDetails". One of '{"http://incometaxindiaefiling.gov.in/master".AddtnlBankDetails}" is expected..
Please help
Policy Purchased in 2007 for Rs.25,000/- and Surrendered in 2018 for 50,000/- (Holder is a NRI)
How the Gain of Rs.25,000/- will be treated under Income Tax.
I) In Other Income whole of Rs.50,000/-
2) In other Income Gain of Rs.25,000/-
3) Tax Free in Hands of Buyer as held for more than 11 Year, OR
4) Being NRI it will be Taxed.
5) If taxed, @! what Rate and What u / s. of Income Tax Act.
I have an income of around 5 lakhs from fixed deposits (on investment of 85 lakhs) in NRO bank account.
Banks would be deducting flat 30% TDS (1.5 lakhs) on this income. Would I be able to claim a refund in the ITR if this is the only income that I have in india?
Ideally the income tax slab that applies to me with a total income of 5 lakhs is 5% (Rs. 25000). But bank has a flat 30% deduction. Can I get a refund of the excess 25% (Rs. 125000)?
All Subjects Combo (Regular Batch) Jan & May 26
Whether validation of a bank account no is mandatory ?