Jay Narayan Singh
23 October 2016 at 16:33
I have file ITR for financial year 2008-09 & 2009-10 due to deduction of TDS. after that I have not file ITR Till date because my salary was not too sufficient that it will cross tax slab+tax rebate border line. My question is that is it compulsary to file ITR at any how. If yes then can I Submit ITR now for those financial year.
Sanju
23 October 2016 at 10:57
Dear Sirs,
I am doing as Branch Manager in SBI , one of the borrower had availed CC limit from my branch gone NPA 3 years back. Last year the bank had to do 100% provisioning for the loan and declare it loss asset in its books. We had file a civil suit against the borrower. When I scruitnised the document I found the borrower's father who had guaranteed the repayment of the loan is having a substantial deposit in his saving account. My querry is that whether The bank can debit the guarantor's account for the recovery of the loan or we have to get it attached by suitable court orders ?
regards
RAJARSHI BAG
22 October 2016 at 18:52
I am a salaried person with annual salary of approx. Rs.5,00,000/-. I do tax savings of Rs.1,50,000/- under section 80C. Hence I have to pay at least Rs.10300/- as income tax for the financial year 2016-17. Now in addition with all this, I have sold some gold ornaments worth Rs.2,50,000/- on 18th October 2016. I intend to know what kind of tax should I pay for this and how much?
vishnu123
22 October 2016 at 11:03
One of my Clint have purchased a property on October 2007 for Rs. 656000 +44000(registration charges) = Rs. 7 lac. Sold that property for Rs. 1050000/-in March 2009. He did not file ITR that time. Before sell that property invest Rs. 125000/- for finishing & furnishing of that property in Dec-2007.
ITO send him a notice u/s 148. he is unable to prove sources of purchase because somebody else made this transaction on his name. I want to know how much tax & penalty they will charge on him. Is there any way to save or minimise tax & penalty.
Dear Sir, Somebody else means- one of his known earn profit by sell- purchase of this property on his name. Actually that time my Client was not aware about rules & regulations of Income tax.
santosh
16 October 2016 at 15:36
one of my client is a registered civil contractor under wb vat act. He has 1 truck which is running in hire. In IT file he sawn truck plying income under bussiness income head. He shown Income from General order supply of sand, bricks & chips stone in Bussines income head.His transaction in civil contract is nil.There is no any bank transaction of civil contract transaction.In vat assessment what can sales tax officer do? Can ST officer impose penalty and interest on gross receipt of general order supply of Stone Chips, sand & Bricks? Can S.T. Officer also impose penalty in gross receipts of truck plying income? Please anybody reply about provision & rules about above said matter. Is there any way to save my client from levy of vat tax? Please reply
I am eager to know answer.
somaj sagolsem
14 October 2016 at 14:28
my business income is 900000/- (nine lakh) only. i File my income tax return in itr 4 in non account maintain. then cpc sen a notice under section 139(9). I also submitted that it is not need to send balance sheet Is it true or what? If wrong, kindly tel me what to do now.
som
ANANDAKUMAR K
13 October 2016 at 14:11
SIR
I HAVE RESIDENTIAL PLOT FOR SALE AND I WANT TO KNOW WHAT IS THE REINVESTMENT PERIOD ALLOWED TO AVOID CAPITAL GAINS TAX.
ANNADKUMAR K
sandeep Upadhyay
12 October 2016 at 14:57
If I have a three manufacturing unit in gujarat in three city . To take separate registration for each place mandatory or optional under GST act?
vinodkumarpal
12 October 2016 at 13:50
Hello experts sir sale agt form H show in which column of Online sales tax return in vat and non vat annex
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How much tax should i pay?
I am a salaried person with annual salary of approx. Rs.5,00,000/-. I do tax savings of Rs.1,50,000/- under section 80C. Hence I have to pay at least Rs.10300/- as income tax for the financial year 2016-17. Now in addition with all this, I have sold some gold ornaments worth Rs.7,00,000/- on 18th October 2016. My in-laws gifted the ornaments to me and my wife on our wedding in March 2013. My wife is a housewife. Now I intend to know what kind of tax should I pay for this and how much?