Assessee having turnover of Rs. 1.32 crore so he wants to opt section 44AD (As lilmit under section 44AD is 2 crore) . and wants to declare profit @ 5% by carring out audit under section 44AB by maintaining books of account.

he can file return under section 44AD (ITR 3) or normal return has to filed by assessee without showing 44AD.

If a property is transferred to the legal heirs via probate after death of a person. & the legal hairs sales the property in two months of the said transfer, then the income will fall under Long term capital gain or short term capital gain.

Hi,

A company in its AGM has stated that it needs around 30 crores of loan. And that this will be raised as unsecured loans

A shareholder approached me with the balance sheet of the company and asked me to calculate if such amount is required to be raised.

Can someone help me how should i recheck that 30crores requirement

I had a query regarding filing of revised return of a charitable trust registered u/s 12A...In original return I made a mistake of not filing audit report along with return and had shown interest income as dividend income by mistake....Total Income after exemption u/s 13 is 212430 on which tax amount should be 0...but in Java utility it is showing tax at normal rate rs 63729...What could be the posiible reason?
Thanks in advance.

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Hi sir,

My client has failed to pay advances taxes. Tax audit is applicable to him.
In the last month i.e, August we have calculated taxes along with interest and payment is made. But return filing is pending . Now when i see in java mode, 234B and 234C is calculated again.

Should the interest be paid again?

How is interest calculated? Is it till the date of payment or till the date of filing?


Thank you in advance.

Sir,
I got the Message my Provisional Id of GST has been canceled .Apply for the new GST number, as a contractor i got bill in the month of nov 17 to mar 18.If i have to apply for new GST than how can i submit the GST for last year .

Please guide.

we want to pay travelling exp to our employee which is approx. 10000.00 per month
payment by cheque.
we will reimbursement this exp. in our books of accounts
& this is not a part of salary.


my. q. is how to show this exp in salary slip.
is this exp will reflect in form-16

thanks in advance

Sir,

Today I had paid TDS Challan online but by mistake section mentioned 196c instead of 194C

Please how to rectify the section and what is the procedure kindly explain

We have to online or through Bank

Thanking you

Are 12A & 80G registration for Income Tax Exemption done by online ? If yes, how it is done and from which website it is done ? Please guide me ?

As on which amount of salary ESIC & PROVIDENT FUND DEDUCTION IS 100% EXEMPTED.

Whether one is 100% exempted from ESIC & PROVIDENT FUND DEDUCTION if the salary payable is above Rs 15,000 ?

Please guide me and oblige.