Query Regarding Income Tax
This query is : Resolved
18 July 2011
Dear Professional Friend,
I have a two query that:-
1. I want to know that the Due date of filling return of income for the Director of the company as per IT Act with any Section and proof evidence
2. One of the my client, Interest on loan amount is subject to TDS but TDS is not deducted and also 15G is not submitted to CIT office and the file is now selected for Scrutiny case. Please suggest me that Whether ITO disallowed the whole amount or nt and any case law relating to this case please inform me sir
Your needful action help to us highly
Also Send the Answer to my E-Mail ID casahilagrawal@gmail.com
Thanking You
Regard
--
Sahil Agrawal
I have a two query that:-
1. I want to know that the Due date of filling return of income for the Director of the company as per IT Act with any Section and proof evidence
2. One of the my client, Interest on loan amount is subject to TDS but TDS is not deducted and also 15G is not submitted to CIT office and the file is now selected for Scrutiny case. Please suggest me that Whether ITO disallowed the whole amount or nt and any case law relating to this case please inform me sir
Your needful action help to us highly
Also Send the Answer to my E-Mail ID casahilagrawal@gmail.com
Thanking You
Regard
--
Sahil Agrawal
18 July 2011
1. 31.07.2011 is the due date
2. Full Interest on Loan on which TDS not Deducted and paid will be disallowed
2. Full Interest on Loan on which TDS not Deducted and paid will be disallowed
18 July 2011
A.
U/s 139(1) Due date for all persons except:
1. Company
2. Any other person whose accounts are audited.
3. Partner of a firm whose accounts are audited.
Have to file their return on or before 31st july.
B.
Full amount of interest will be disallowed but if you deduct the TDS now and fill the return then you can claim the interest in the current year. Section 40(a)(ia)
U/s 139(1) Due date for all persons except:
1. Company
2. Any other person whose accounts are audited.
3. Partner of a firm whose accounts are audited.
Have to file their return on or before 31st july.
B.
Full amount of interest will be disallowed but if you deduct the TDS now and fill the return then you can claim the interest in the current year. Section 40(a)(ia)
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?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
