Sir We have registered a partnership firm in July 2017 and paying rent for amounting Rs 50000/- Pm.... Kindly advise whether we required to deduct tds or not.....

Where will this income (from renting vehicles) be taxable under itr 4 of income tax.

I AM COVERED U/S 44ADA.I HAVE TWO HOUSE PROPERTIES.ONE IS SELF OCCUPIED& ITS INCOME IS NIL.2ND ONE IS RENTED & I GET RS.50000/FROM THIS PROPERTY.DOES IT AMOUNT TO INCOME FROM ONE HOUSE PROPERTY TO MAKE ME ELIGIBLE TO FILE RETURN USEING ITR4.KINDLY EXPLAIN..

What we are required to fill in that column where we are asked of section 44AA relating to maintenance of books of accounts while filing itr of small businessman : yes or no

Dear Sir I have got notice of letter regarding File income tax return for FY2014-2015 w.r.t Assessment year 2015-2016 against my wife from district ITO office.The subject of letter was Non-filling income tax return-reg.They have mentioned in letter that,the income tax department has received the financial transaction and activities relating you.So you are requested to furnish your response in compliance module in e-filing portal.she is not in service.she is a house wife.I was doing job and file income tax return of above respective assessment year 2015-16 and got ITR-(V).But now I have retired from service.I deposited some amount for my wife's bank account during that financial session.I have also submitted PAN Card of wife to the branch manager with adhhar card details.Still date, I have returned file income tax update .Then,what I have to do,plz suggest me regarding this matter.Thank you

Sir,

A govt employee donot file his return for FY 2014-15, he also sold a land for same FY 2014-15.A notice receive cash transaction more than 10Lac.
Now what is the way to rectify it.
Plz advise

If income tax return has been filled and processed by CPC,can it be revised after that and if so what is the time limit for that? kindly reply as early as possible,THANKS IN ADVANCE

am selling a land on March and from that proceeds of the sale 50 lakhs is deposited in 54EC scheme in the same financial year and another 50 lakhs is deposited in next financial year( with in six months) .can I claim 1 cr deduction ?

Dear Experts,
An accountant provide the service to various clients on part time basis No timing of working is fixed however he also work from His residence of some of the client, pls let me under which head his income will be consider whether income from salary or income from business & profession? Or it is income from other sources,

Thanks & Regards
Raj kumar

Sir,

Recurring deposite in tally comes under which head investment or bank.
And how to pass the entry in tally Interest received from Recurring deposit.
Please guide me.