Dear sir/ madam, I am filing IT RETURNS for the first time and my business turnover is less then 1 crore and profite is less then 8%. Is it mandatory to file my returns U/S 44AB?

Hello Everyone...
I want help for clarification on the above mentioned subject

As per GST, the supply of work contract is treated as Supply of Service and not as Supply of Goods so when a work contractor who had receive the contract for Rs. 35 lacs , for filing the Income Tax Return whether the work contractor can avail the benefit of Section 44AD i.e Presumptive Taxation income or as per GST it is treated as supply of service the benefit of Section 44ADA can be available or not ???

Please clarify the same

Thanks in advance

can an assesse file his return of AY 2014-15,2015-16,& 2016-17 in AY 2017-18.
If yes, weather there is any penalty or interest,as the tax payable by him is NIL.
He is providing tuition,he has filled his return of A Y 2012-13 & 2013-14.

If a taxpayer has obtained GST No. & filed returns regularly but has not disclosed pre-GST turnover in GSTR 1.
Now while filing Income Tax return, he has to show full year turnover. If turnover in GST & Income Tax differs due to this reason, how to deal with it ?
Turnover of this customer is less than 20 Lakh, Is there a chance of receiving notice from department in this regards ?
If any customer receives the notice, how to respond ?

Whether form 15CA 15CB require to file in case of payments in foreign currency to unit under SEZ ?

If we pay in Indian Rs. to SEZ, then also Form 15CA 15CB require ?

WE ARE RECEIVING PROCESSING U/S 143(1)a, IN SOME CASES THERE IS MISMATCH ON ACCOUNT OF DEDUCTION U/S 194da AND ITS TREATMENT IN RETURN. If a person paid premium of 212000/- on 200000/- policy for 10 yrs more than 10% of sum assured and received 269000/- as maturity then insurance company is deducting TDS u/s 194da @1 % on whole 269000/- what would be the tax treatment.

Dear expert, My vendor provide erection and commissioning service to us. we dont have any contractual agreement to that vendor. What TDS liability would be applicable either 194C or 194J.

Sir,

Export sales turnover means including freight or with out freight because Export invoice prepares freight charges also includes

Thanking you

Our client doing consignment business, He received consignment commission(194H), Shown as a part of Business Income(44AD). Message came from CPC by asking clarification that no other source income shown while 26AS shows Commission income. What will i do?
Is it okey to show commission income(connected with business) as a part of Business income?

My one of client TDS deducted u/s 194LA for compulsory acquisition of land by government for RS 53 Lacs on which TDS deducted @10% RS 5.30 Lacs. Land is inherited property received from father in 1978 and father acquired land 50 years before. Now what will be the long term capital gain implications in this case? What will be the cost of acquisition in this case? There is no value available for calculation of cost of acquisition. Can I take exemption of long term capital gain arise in this case by investing in residential property u/s 54F or else investing in bond u/s 54EC. Please reply