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SHUBHAM KUMAR

Category : INCOME H..,
Solved
October 29, 2018 10:33 pm
  • INCOME HEAD - BUSINESS PROFESSION
Dear Sir,
One of my friend is providing services of Rs.57680/- to other party and that party deduct TDS amount under 194C. He(my friend) is a Salaried Person.
Now Can he show this income in other sources or under section 44AD.
Kindly Reply.
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Amlan Dutta
Given information is not sufficient ... it depends on the nature of business income ...seems he is doing some type of contract business attracting TDS deduction under 194 C ...without knowing what business he is doing , difficult to comment ...if offering services as in profession , then section 44A...
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  • October 29, 2018
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SHUBHAM KUMAR
He is given seminar at some places on behalf his company. the company gives him some extra payment and deposit TDS under 194C. Its a mistake by company that his TDS is not deducted under 194J. can i use 44ADA for him or go for other sources or if i am shown this income under other sources then can i...
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  • October 29, 2018
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Sunil Sahoo

Category : REVISION..,
Solved
October 20, 2018 11:49 pm
  • REVISION AND RECTIFICATION
What is the difference between revision and rectification ? When does one revise and when does one submit a rectification request ...can you please explain , this portion is confusing for most
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Amlan Dutta
If you filed a return and realized that you made a mistake , you want to correct it ...this correction process is called the revision ...earlier only due returns could be revised but now it has been extended to belated returns as well .....say you filed a return and some benefit was disallowed despi...
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  • October 20, 2018
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mushtaq rangraj

Category : TAXABILI..,
Solved
October 17, 2018 7:54 pm
  • TAXABILITY OF SALARY ALLOWANCES
Hello sir i am desperate need to help my friends father who got retired from state govt service earlier this year during AY 2018-19. unko retirement pe PF-Rs 12,39,142 gratuity-Rs 7,03,002 aur leave encasement ke Rs 4,39,120 total Rs 23,81,264 rs mile but koi form 16 nhi mila plus last year ki salar...
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Amlan Dutta
You will not COMBINE exempt income under chargeable income ...

Say salary 100 rs , exempt PF is say 10 Rs , exempt gratuity is say 10 Rs and exempt EL encashment is say 10 Rs ...

Then in return , under chargeable income , you are required to show taxable income only i.e 100 Rs and 30 RS IN EXEMPT I...
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  • October 17, 2018
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PANKAJ SHUKLA

Category : Rectific..,
Solved
October 17, 2018 3:05 pm
  • Rectification - Tax credit mismatch
Hello sir,
My itr 1 has got processed for ay 2018-19 and intimation under 139 (1) received. While filing itr 1 due to error self assessment tax of rs 190 I paid it three times i.e. 190,190,190 with seperate challan numbers and claimed it in itr 1. cpc has taken in to account two challans only i.e.tot...
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Amlan Dutta
This is a perfect case for submitting rectification request selecting tax credit mismatch ...just submit rectification selecting option " Tax credit mismatch " ....In this option, you are expected to fill in all the fields for TDS and IT details again in the tax details tab ( portion of the r...
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  • October 17, 2018
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