Income tax return e-filing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 August 2015
MY FRIEND DOING CONSTRUCTION BUSINESS. HIS TURNOVER IS 1,02,56,231.00 IN THE A.Y 2014-15 AND TDS 1,02,562.00.SO, TAX AUDIT APPLICABLE. HE WAS NOT FILED HIS IT RETURN TILL DATE. WHEN I FILED HIS COMPUTATION AFTER DEDUCTING C.Y TAX, HE HAD CLAIMED HIS REFUND UP TO 45,023.00.
MY QUERY IS, HE IS LIABLE FOR LATE FILING TO PAY PENALITY U/s 234A OR ANY OTHER SECTION
MY QUERY IS, HE IS LIABLE FOR LATE FILING TO PAY PENALITY U/s 234A OR ANY OTHER SECTION
16 August 2015
If I understand that these are the only facts, there should not be any 234A, as the TDS is covering the entire tax liability in your case. Even 234B and 234C will not come into picture. Based on the 2 figures shared by you.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
