If an employee works for 8 months with a company, please advise that how much standard deduction is he eligible for? Is it that Standard deduction would be calculated for 8 months proportionately i.e (40000 * 8 months /12 months)?

Dear sirs,

i have received Outstanding Demand amount notice received via intimation letter from CPC.

But as 26 AS Tax amount fully deposited .

What can i do ? can i ignore the intimation letter or not ? what is the procedure ? pl . clarify....

Dear Sir,
As told in the Interim Budget that the tax slab has been increased from Rs. 2.5 Lac to Rs. 5.00 Lac, so does it mean individual having gross total income upto Rs. 5.00 Lac is not required to file IT Return from A.Y. 2020- 21

Thanks,
Abhishek Roy Choudhury.

Sir,

We are trying to incorporate a new company with two directors as non resident.
First time form was sent for re-sub showing to submit business visa etc
So we resubmitted the form by showing them as resident by submitting Indian address proof
Now the form was again sent for re-submission stating to submit proof of presence in India at the time of signing e forms and all other attachments.Kindly guide us what should be shown as proof of presence in India.

As per today’s interim budget how much Tax rebate will be available to super senior citizens. Previously used to get Rs.2,500

Please help,

If someone send ITR E VERIFICATION LETTER COPY AFTER 3 MONTHS TO INCOME TAX DEPARTMENT

NOW, ITR STATUS IS SHOWING CONDOLENCE IS REJECTED

WHAT TO DO IN THIS CASE??


THANKS.

Dear Sir,

Facts : If Mr.A is following section 44AD for declaring his income. If during the FY 2017-18 he has sold his fixed asset for say Rs. 5,00,000/-.His turnover during the said fy is Rs.10,00,000/-.

Query : 1) Can Mr. A declare his income u/s 44AD in this case ?
2) If yes, then what will be the turnover in this case ... Rs. 10 lakhs or Rs. 15 lakhs ( 10+5)..??

Dear Sir,

I know that, there is provision in Income Tax Rule, u/s 197, a persons can avail the facility of Nil/Lower rate of TDS. But here by query is, Its is applicable to only Individuals/HUF or even Private Limited company can avail this provision.

Kindly suggest me. Since our company tax liability is less/nil, we our clients are deducting TDS @ 10%, Every year we are filing Tax returns and getting refund for the same.

Regards,

Varun Chandra

Dear All,
We are planing to merge our 4 companies into one company. Out of these companies, one company has outstanding dues towards Income Tax demand raised u/s 263 of the I.T. Act. Company has filled appeal before Tribunal. Is it possible to merge this company with another company? What will be pros & cons. of this?

Thank You

Dear All,

Fees for increasing Authorize share capital from 25 Lakhs to 50 Lakhs is coming Rs 50000,where as
from 25 Lakhs to 51 Lakhs fees coming RS. 125000.00 , please guide me (The Company is registered in West Bengal)