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BHARAT

Category : Selectio.., How to f..,
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January 20, 2016 8:44 pm
  • Selection of Return
  • How to fill ITR
I have business for Computer Training Institute and Online Services which itr for i was fill
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Amlan Dutta
Selection of return depends on taxable income head ...here the income head is from business ...so you will select a tax return for individuals which contain business income head so that you can depict business income ...and therefore you will select ITR 4....Alternatively , in case you decide to go...
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  • January 20, 2016
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Sreenu

Category : HOW TO F..,
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January 19, 2016 5:09 pm
  • HOW TO FILE RETURNS
Dear Sir,

I have some doubts with regard to income tax. My relative has retired from gov.t service on November and has received retirement benefits like gratuity, PF etc...On January he deposited an amount as FD (Interest exceeds 10,000) and as per the instruction of the staff at the bank, he give th...
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Amlan Dutta
You have correctly inferred , in case his income exceeds threshold level he should not have given the form 15 G declaration ...Anyways now that he has done , he is to declare income at the time of filing return and pay due taxes before uploading it ( or pay advance taxes) ...check my tutorial on how...
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  • January 19, 2016
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Navsheel Sharma

Category : ITR 6 (C..,
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January 13, 2016 6:04 pm
  • ITR 6 (Companies)
whether bad debts which have been claimed by a company in its p & l will be taxable as deemed business income in the hands of its successor company (after amalgamation) if it is recovered by the successor company??? related sections 36(1)(vii),41(1) and 41(4) of Income Tax 1961
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Ayushi
As per section 36(1)(vii) you can write off the debtors and claim it as bad debt when debtors are irrecoverable and after writing off them if bad debt is recovered than as per section 41(4) it is taxable as PGBP, even if the business is not in existence, assessee should be same than only section 41(...
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  • January 13, 2016
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Mukesh Sharma

Category : TAX CRED.., Disallow..,
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January 13, 2016 11:16 am
  • TAX CREDIT
  • Disallowance of Tax credit in 26 AS.
I had filed the IT return of assessment year 2014-15 and paid the self assessment tax through e-Challan on 31/07/2014. Then I got the communication from CPC regarding the mismatch of self assessment tax amount between the "As Provided by Taxpayer and/or Information available on record" and "As Com...
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Ajay
share your intimation under 143(1) or order under 154 whichever you have received than after looking at it, will come to know what exactly is the problem....
  • January 18, 2016
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Amlan Dutta
I think i had replied earlier ...unless you take credit of paid self assessment tax in return in schedule IT , you will not get credit for it even if it appears in 26 AS ......
  • January 18, 2016
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