I requirement to wallet my income import tax returns this year and i know i am behind. I hold a problem. Please help out.?
I get an Income Tax repayment cheque and an acknoledgement contained by August 2006. Unfortunately i hold misplaced the acknoledgement. Can i submit my income excise returns in need the acknowledgment? What are the implication if i do that ? In travel case i cant find the acknowledgement, what do i do? Due to some plea, i cant ask my CA and i necessitate to know the answers from anyone of you who know it. I live surrounded by Mumbai, India.
Answers:
I guess you are discussion not something like 'acknowledgement' but abou 'assessment order/advice.' The order is needed with the sole purpose to know how much interest is allowed to you on compensation amount (claimed by you surrounded by your previous return). The amount of interest will be added to your current taxable income (of the year underneath consideration).
There are two ways to determine the interest amount. You enjoy your sandbank slip away book. From that find out the total repayment amount including interest amount. From the said amount reduce by the settlement claim made by you surrounded by your previous return and you will bring back the amount of interest rewarded to you by Incoem Tax department. Add this amount to your income and folder the return. Don't snag it.
Otherwise you can apply to ITO for duplicate copy. You enjoy to salary little levy for it. And your work will be done.
Have no tautness. Tell the facts to your CA he will definitely sustain you.
You should directory Income Tax return within time, if you want to settle down restlessly. U can approach another CA if so involve.
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Answers:
I guess you are discussion not something like 'acknowledgement' but abou 'assessment order/advice.' The order is needed with the sole purpose to know how much interest is allowed to you on compensation amount (claimed by you surrounded by your previous return). The amount of interest will be added to your current taxable income (of the year underneath consideration).
There are two ways to determine the interest amount. You enjoy your sandbank slip away book. From that find out the total repayment amount including interest amount. From the said amount reduce by the settlement claim made by you surrounded by your previous return and you will bring back the amount of interest rewarded to you by Incoem Tax department. Add this amount to your income and folder the return. Don't snag it.
Otherwise you can apply to ITO for duplicate copy. You enjoy to salary little levy for it. And your work will be done.
Have no tautness. Tell the facts to your CA he will definitely sustain you.
You should directory Income Tax return within time, if you want to settle down restlessly. U can approach another CA if so involve.