Hello

My client is running business as sole proprietor and also getting salary from a partnership firm.
We have opted for Sec44ad presumptive income and filing ITR 3.
Should salary income be included in gross turnover/receipts or shown separately?

Sir, I want to ask that How Single LIC Premium treated under Income Tax Act.

If an employee received arrears of salary in FY 2018-19 related to FY 2017-18 then for which year form 10E is to be submitted.
i.e for Assessment year 2018-19 or A.Y 2019-20.

What would be the TDS rate for SAC : 998555 as 'Travel Arrangement, Tour Operator And Related Services

Dear Friends

One of my client wants to sale the land and give the consideration to their sons in abroad.
1. How to get the guideline value before 2000 as the cost of indexation is calculated from 2000-01 from this financial year.
2. Whether any tax should be paid for transferring the consideration to their sons in abroad.

kindly suggest

thanks

Whether a gift made to parents or grand parents by a major individual taxable, either in the hand? Is he required to disclose it in his I T Return. Is parents / grand parent required to disclose in their I T returns.

One of my friend running own business of Electric Job work, Like Repairing of Electric Fans, Mixer, Coolers, Home appliances, New wire fitting in newly constructed houses / shops, Repairing of Washing Machine, Geezer and also repairs all types of electric components, which we have used in daily use at Homes.

Please tell me which Business Code of ITR-4, to be used to filed Income Tax Return for the Assessment Year 2018-19?

Please give your expert opinion.

With regards,

Dear All,

I want to calculate NRI Taxable income which arise in India though sale of property only and having capital gain.

My Query is that is NRI liable for Basic exemption which Rs. 2,50,000/- in this case

please advise me with narration or exemple

Hello Sir,

I have sold a residential house Rs.70,00,000/- after a period of 10 years from its acquisition, getting a LTCG Rs.51,13,320 after indexed cost formula and purchased a new flat worth Rs.40,92,600/-, still getting a gain of Rs.10,20,720/-, please advice where i can utilize this amount except depositing the complete gain in Government specified bonds and also don't want to pay tax @20% on this gain.

Thanking you.

Hi, My wife's ITR-V was submitted on 31.08.18. But the e-verification could not be done earlier as her PC was out of order, she is not well conversant of doing this online and I was constantly out of station due office work. Her PAN & Adhar are linked. Yesterday I tried to e-verify based on Adhar OTP, but was not successful. I tried twice, and the reason for delay mentioned by me was not proper, a friend of mine is saying. It is still showing un-verified. Both the times, reason given by me for delay were also not proper, he said. First time I gave: Others - My PC was out of order....second time I selected the reason: Hard copy for verification was sent, but CPC must not have received within 90 days. Today my friend told me to take your help before entering in to complication, hence this request. Kindly advise me what is to be done for getting it verified and obtain my Refund. Refund receivable is Rs.4510/- Please guide me with a return e-mail. Regards, Madhavan TV 9833290817

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