The Email content is as such:
Your return for AY 2017-18 bearing Ack. No. [deleted] was taken up for processing and on verification it was found that it contains arithmetical errors/ incorrect claims/ inconsistencies with respect to Audit Report /Form 26AS and the same is indicated in the table annexed.
2. You are required to provide your response to this communication by electronic mo...
Hello,
I am a resident of Mumbai but have left the city for good and have settled in South in a rented apartment. I will be filing my returns myself this time by myself as previous 15 years it was filed by the company directly and I just used to sign the return papers and later filed with 16 A & B form online.
My income are as follows:
Rent received from Mumbai house which is self owne...
Hi Sir/Madam,
Background:
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I [Pvt Ltd] have a software reselling agreement with a US software company who does not have any establishment in India. US company will issue an invoice on my company name with mention of end customer to issue software license. I will be providing Indian rupee based invoice to the end customer and share the license key via digital/email.
Question...
Hi,
From 2011(June) to 2014 (March) I had been working for Startup company. For the FY 2013-14 the Tax got deduct from my salary every month (which is reflecting in Salary slips). In 2014 (march), I have joined another organization. I have filed my ITR-4 by uploading Form-16 (For FY 2013-14).
Later I have received from Income tax department saying there is mismatch in Form-16 and 26AS. Th...
I have received a notice from IT department for having filed defective return for AY 2017-18. The notice says: Error Code 86
As per Section 44AD(6) of the Income Tax Act, 1961, the provisions of Sec.44AD are not applicable to – (1) persons carrying on professions that are referred to in Sec.44AA(1), (2) persons earning income in the nature of commission or brokerage, and (3) persons carrying o...
Hello Experts,
I have received a defective return notice us 139(9) for AY 2017-18.I have filed ITR3.I had just filled gross profit figure of Rs 1,95,000/-( Rs 20,000-tds deducted)(first year of professional income-Fashion designing) in P&L (No accounts case) & incase of Balance sheet all figures zero ( no accounts case).I have also mentioned NO in ITR3 form for Are you liable to maintain acco...
Financial Year: 2017-18
Name: Mrs Krishna , Age 60 Years
Other sources of income: Nil
Occupation: Home maker
From sale of immovable property Rs 49,80,000 was received in her bank account.
2 flats has been purchased for her 2 sons. The sons are salaried employees aged 31 and 35 year’s. Ownership pattern of the flats is divided between the applicant and co applicant. In the 2 flat...
I have received a notice from IT saying "As per Section 44AD(6) of the Income Tax Act, 1961, the provisions of Sec.44AD are not applicable to – (1) persons carrying on professions that are referred to in Sec.44AA(1), (2) persons earning income in the nature of commission or brokerage, and (3) persons carrying on any agency business.As seen from the return of income filed, the nature of business...
I am a lic agent. I fill in return code 0301. what code is suitable for me. I got a letter from cpc that " sec 44ad is not applicable for u
architect under 44ADA and after more than 2 months i got communication from CPC u/s 139(9) that it is defective.
Error code is 86- The provisions of Section 44ADA not applicable to the taxpayer. The nature of business code in Sch NOB is not a profession, ...
Hello,
I have seen some company are deducted 2% from the salary on the payment of contractual basis employees.
Even some employees salary 27250 k and some 28250k.
Telling whole thing here,
In a year 365 day,
Sangathan will not pay above said type of employees on summer vacation - 40 days, autumn brake - 10 days and winter vacation - 20 days.
So total working days should be like thi...
Hello,
I and my wife took a home loan in the year 2017 .
We are co-owners of this house and co-borrowers on the house loan taken for this house.
The EMI is Rs 39000. The interest part is Rs 390000. The principle part if Rs 90000.
Now the condition is I am the only one who is paying the entire EMI amount and contribution from my wife's account is nil. In other words, the entire house l...
Hello,
I am facing a problem for the Income Tax of AY 2015-16.
For this assessment year I was in USA and have income from USA, for this year I was in India for more than 182 days so the total income is taxable in India.
I have chosen the wrong ITR (ITR1 instead of ITR2) and submitted after due date. I wanted to submit ITR2 and claim foreign tax credit. I have submitted the revised return...
Hi!
I'm an NRI living in Moscow since 2013.
In India, I hold NRE, NRO n resident savings account. in Jan 2015 purchased a flat and deposited cash around 15Lacs n issued a DD for registration of flat from my resident savings account(Without knowing it's not a legal process). This 15Lacs have transferred from Moscow to India during 2013 n 2014 into my NRE account. I haven't filed ITR since ...
Dear Sir,
I have not filed return for the assessment year 16-17 & 17-18 and now I am getting reminder through E mail & SMS to file the return as 31st March, 2018 is the last date & after ward I will not be able to file the return. I need your guidance as my case is described below.
I was working in gulf from 01/11/2014 to 31/12/2016 and holding status of NRI during the accounting year 15-...
Hello,
My salary breakdown structure is as follows :-
Basic 25,333.58
Internet 1,000.00
Petrol and Driver Allowance 10,000.00
Meal Coupons 2,200.00
Employer PF Contribution 1,800.00
Leave Travel Allowance 5,000.00
Fixed Total 45,333.58
Flexible(Including FBP Components)
Component Name Monthly
House Rent Allowance 10,133.42
Conveyance Allowance
Children Education Allowance
Me...
The assessment Year 2017-18
Filed ITR form type ITR-4
Source of Income- LIC Agent
Error Code 86
Error Description- As per Section 44AD(6) of the Income Tax Act, 1961, the
provisions of Sec.44AD are not applicable to – (1) persons
carrying on professions that are referred to in
Sec.44AA(1), (2) persons earning income in the nature of
commission or brokerage, and (3) persons carrying ...
Hi! I have got a query regarding Salary Vs Professional fees- what should be opted?
I have got a friend who is a dentist and his monthly income is 70k. she has joined a private hospital where he is been paid like that. The hospital owner is depositing 70 k per month in his bank account. now being asked about form 16 he is saying we are treating you as a professional and cant reduce the TDS a...
A demand was raised on me for AY 2016-17, which I paid. The initial demand was raised for 40,090 rupees, which changed to 25,452 rupees after some days. I paid the demand after which again new demand with new DIN of 762 rupees was raised which I paid again.(I have demand closed notification with CRN for both demands. But even after paying the demands, the demand of 40090 rupees with same DIN ag...
Dear Sir,
I have been issued notice u/s 142(1)(i) which is as under;
"In connection with assessment for assessment year 2017-18, you are required to prepare a
true and correct return of your income in respect of which you are assessable under the Income-tax
Act, 1961 (Act), during the previous year relevant to the assessment year, mentioned above.
The said return of income should be...
Hi
My Father is an NRI workinjg in UAE for the last 35 years.
Recently my father received a letter from Income Tax for ‘Non Filing of lncome Tax Return’
Below is the letter
Subject: Non Filing of lncome Tax Return
1.The lncome Tax Department has received information on financial transactions/activities relating to you.
A list of some of the information for Financia-Year 2014-15 ...