Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: cpt :: empanelment :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: VAT Audit :: TDS :: due date for vat payment :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: VAT RATES
« General »
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea
 Can’t overrule courts with retrospective amendments, says Supreme Court
 Why tax planning should be an all-year round activity
 8 financial tasks you should do in the next 30 days
 Income Tax department may defend CPC in returns fraud case
  Income tax department sends notices to investors over tax treaty gains
 Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
 Individual angels may get tax relief too
 The differences between tax and cess
 Startups that raised funds from angel investors face tax scrutiny
 Tax collection assumptions in India's budget ambitious

Tax queries: Contact employer to get Form 16 error rectified
November, 22nd 2017

The date purchase of the new flat in Mumbai can be considered as the date of possession. You can sell your existing flat within one year from the date of the possession of the new flat or sell the existing flat at any time before two years of the date of possession of the new flat. The investment in the new flat should be equal to or more than the capital gains earned on the sale of existing flat.

My employer did not deposit the TDS amount from my salary for AY 2017-18 to the income-tax department, causing mismatch in my Form-16 and 26AS. I have been told by the assessing officer that I should file the return as per Form-16 issued by the office, which I did. Now, after processing my return, the IT Dept pointed out a mismatch of Rs 5,562 u/s 143(1) of the IT Act 1961. Also, it mentions the interest of ?1,226 payable under section 234 B&C. The total amount payable by me is now The total amount payable by me is now Rs 6,783. What should I do? Here are my details: Total tax payble as per Form-16: Rs 98,190; total TDS deducted by the employer as per Form 16: Rs 93,416; total tax paid: Rs 99,866 (including S.A. Tax on other income); TDS shown in 26 AS: Rs 87,854. Extent of mismatch: Rs 5,562; total amount payable: Rs 5,562 + Rs 1,226 (interest). — DALJEET SINGH

You can ask your employer for the discrepancy. If they file a revised return and disclose the correct amount of Rs 93,146, then you will get full credit. If you have proof that your employer had deducted the sum of Rs 93,146, but paid only Rs 87,854, then you can file a complaint to CIT TDS. If you fail to resolve this issue, then you will have to pay the differential tax and interest.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions