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HARSHBARDHAN RAJ

Category : Processi..,

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February 23, 2016 2:45 pm

MY UNCLE'S ITR STATUS SHOWS THAT SEND TO ASSESSING OFFICER. WHAT WILL BE DO? WHICH PAPER SHOULD NEED TO GO TO A.O. MY UNCLE IS SAHARA AGENT AND HE GOT COMMISSION IN CASH . SO THIS IS NOT IN BANK PASSBOOK STATEMENT. PLZ SUGGEST. MY ENGLISH IS POOR .

Amlan Dutta

Amlan Dutta

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Amlan Dutta

He needs to do nothing ....after a few days the return will be processed and it will be shown that ITR (income tax return i.e ITR 1/2 etc whatever was submitted by your dad ) has been processed....

In very few cases, scrutiny assessment is called for and assessee ( here, it is your dad ) is asked to ...

February 23, 2016

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pardeep

Category : Indirect..,

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February 22, 2016 4:36 pm

Service Tax :Reverse charge mechanism, Concept, calculation, payment, claim and Return

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Ayushi

Normally, its the responsibility of service provider to deposit service tax to government like if he provided service of Rs 100 + service tax of Rs 14.5(100*14.5%) than total invoice is of Rs 114.5 which service receiver has to pay for service received, now service provider will deposit Rs 14.5 to government and Rs 100 is his income

Now in case of reverse charge mechanism service receiver has to pay tax, thats why it is called reverse charge as the liability of payment of service tax has been shifted on service receiver, supsose if services provided by service receiver is of Rs 100 and it is liability of service receiver to pay service tax.so service provider will charge Rs 100 only and it is responsibility of service receiver to deposit rs 14.5 to government.
In most of the cases when service receiver is business entity than liability of service receiver is to pay service tax, for eg insurance agent who are individuals provide service to to insurance company, here insurance co is service receiver and insurance agent is service provider and there are lacks of insurance agent but insurance company is less in no, and it would be problematic for every individual to get registered and pay service tax and also for department, so for efficient and fast tax collection there is reverse charge as for business entity like company its easy to do all this thing, there are some more services when srvice receiver is co and service provider is individual or firm than liability of service tax is of service receiver
under reverse charge service receiver cant use cenvet credit means it has to be paid in cash and also cant opt for small service provider exemption and he can use the service tax paid as input service
Service tax is to be paid through challan GAR 7
and as a service receiver when you are paying tax, you have to file service tax return i.e ST3 , in return there is option that you are service receiver or provider, select the category to which you belong and file the return

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February 28, 2016

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Ayushi

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February 28, 2016

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Anshul

Category : Rectific..,

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February 21, 2016 7:20 pm

How many times the rectificiaton of the Income tax return is possible for a particular A/Y.

Amlan Dutta

Amlan Dutta

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Amlan Dutta

You have to understand the concept of rectification vis a vis revision ...Returns can be revised whereas orders ( intimations or regular assessment etc etc) can be rectified ....In case of rectification , therefore you are rectifying a department order ...unlike revision ,where you are revising your...

February 21, 2016

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Anshul

Sir, is there any time limit for doing rectifications of return of a year.

March 11, 2016

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Amlan Dutta

usually 2 years from the end of the assessment year....

March 12, 2016

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Amlan Dutta

February 21, 2016

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AMIT SINGH

Category : HOW TO F..,

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February 21, 2016 4:06 pm

I want knowledge of Expat return so can you help me and guide me for that

Amlan Dutta

Amlan Dutta

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Amlan Dutta

Here is a video for you
https://youtu.be/3H1gpDfYFPw

An expat is also a individual ...so returns that apply to individual (ITR 1 ,2,2A3,4,4S) shall apply to expat individual also

Likewise the process of selection of a return by individual will also remain same because expat is a individual only and s...

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63 How to file tax return for expat of Indian origin? (Amit Singh) - YouTube

Case AQ - How to file tax return for expats? I want knowledge of Expat return so can you help me and guide me for that Project - Make Knowledge free Posted b...

February 21, 2016

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Amlan Dutta

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63 How to file tax return for expat of Indian origin? (Amit Singh) - YouTube

Case AQ - How to file tax return for expats? I want knowledge of Expat return so can you help me and guide me for that Project - Make Knowledge free Posted b...

February 21, 2016

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