Dear freinds,

will 44AB applicable if ,
My Income is comprises of remuneration from partnership firm and interest on capital from partnership firm which is more than 2,00,00,000(2 Cr.) as both income is considered as busniess receipt ..
so , will provision of 44AB will attract .....

your valuable suggestion is highly appreciated ......


Thanks and Regards
Shailesh Gupta

Dear Everyone,
I have filed TDS Q3 return but the return was defaulted. Then I filed corrected statement but I it was rejected stating that "challan details in correction do not match for some of the non updatable matched challan columns" . Then I filed the corrected statement will all the fields shown as updated but then also its rejected stating the same reason.
Can any body resolve. Please guide.

thanks

I am working on contract basis as a Lecturer in a Polytechnic in Telangana state and getting a consolidated amount of Rs.40,270 Rs per month. My tenure is 10 months in every year and it is to be renewed in every year . My Administrative Officer is planning to cut TDS according to Section 194J. My query is whether its appropriate to apply 194J, as I need to suffice the same earned money for remaining 2 months as my contract terminates for every 10 months and every time there is no certainty that the contract gets renewed once again. Is it not appropriate to apply 192B to contract Lectures ?. Which one is correct kindly clarify my doubt.

What will be the treatment of advance money forfeited on sale of rural agriculture land where such land is not a capital asset and no capital gain tax is payable on its sale. Further, the amount forfeited is also more than indexed cost of acquisition of such land. ​

Business of photography to be filed under section 44AD or 44ADA

With reference to above subject, I want to know the following:
1. Status of such person for filing the return
2. Applicable ITR
3. Taxability slab rates

Source for the answers wrt above queries.

I am working with Asian Development Bank as a consultant for a period 29-May-17 to 28-May-18 and my remuneration is tax free.
As I am getting tax free remuneration from ADB for FY 2017-18 hence my taxable income is zero, please advise whether I need to file ITR, if yes than how can I proceed.

Regards
R K Bhandari

one of my client has paid rent of own shop amt of rs 30000/- per month by account payee chq (which is non audited firm ) is it liable to deduct tds on rent or not?

Part E of my 26AS shows an amount of Rs 195000/- with type of transaction as 005-Acquiring shares >=100000/- and remark column is blank. Is there any thing to do with it in my ITR form. I am filing ITR 2 for A.Y. 2016-17. Kindly suggest as soon possible.

Sir,

how can i know investment of employee, if he is not ready to disclose his investment and his salary is 1 lakh per month.
Their is any sources from the income tax website.
Please guide and support me Sir
Thanks in advance.