krishan agrawal (student) (324 Points)
09 February 2012MY BROTHER IS CONSTRUCTING A HOSPITAL WHOSE ESTIMATED COST IS 90LACS BUT HIS CA IS TELLING TO SHOW IN BALANCE SHEET AROUND 54 LACS.WHAT ARE THE BENEFITS OF SHOWING LESS AMOUNT.AS PER MY KNOWLEDGE PROPERTY TAX AND WEALTH TAX WILL BE SAVED OR WHAT ARE THE BENEFITS.
Mihir
(Wealth Manager)
(5293 Points)
Replied 09 February 2012
Insufficient information.
Probably the CA is worrying about the IT dept raising the query as to how did he earn 90lacs in the first place.
monika
(-)
(28 Points)
Replied 09 February 2012
Last week I received mail from CPC with subject 'Communication of Arrear Demand'.
It says that my Demand Amount for assessment year 2005 is Rs. 1124 and
Demand Amount for assessment year 2008 is Rs. 4500.
It seems that I need to pay this amount to the income tax department. If so, what are the step by step procedure to pay them online?
While paying online, how do I ensure that my paid amount gets reflected correctly against these two assessment years?
I have searched a lot online, but could not get one good place which tells me how to pay my demand amount online easily and correctly :
Mihir
(Wealth Manager)
(5293 Points)
Replied 09 February 2012
To Monika, you can pay online via the website www.tin-nsdl.com using the challan no, 280. It is simple to fill in your details in the form.
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