Dear Sir/Madam,

I have a proprietorship firm in the last F.Y. 2016.17 (A.Y 17-18). Advance Tax Rs. 55,000/- & TDS Rs. 6108/-. But we have not create any provision for Income Tax.

After assessment of this year we submitted ITR & refund of Rs. 3120/- credited in our bank a/c in Jan 2018. Our net tax liabilities around 58,000/-

My question is......... How we can adjust above TDS & Advance tax in this current F.Y. 2017-18 (A.Y. 18-19) in tally?

Also confirm to me, Provision of Income Tax under which head (Capital, Current Liabilities or P & L A/c).

Thanks & Regards

Harendra Singh

Hi,
Please advise how can i show the rent arrears received from builder on account of delayed possesion in my income as i have not actually let out the property and have no intention on renting the premises in future.

Regards,
Abbasali.

R/All

A partnership firm having total sale in f.y 2017-18 is Rs- 25,28,707.00

Net profit will be approx- 58,000

do we need to get our account audited or we can file our ITR without audit.

kindly suggest

regards

Dear all,

Can i file Income Tax Return of FY 2014-15 to FY 2016-17 now i.e. in May'2018. What is the procedure.

Thanks
Rajeev

I have a salary income from my employer. Also I have an consulting income (which is with permission of employer).
I pay GST on consulting income.

While I pay tax at normal rates for my salary income, can I avail benefits of Presumptive Taxation Scheme under Section 44ADA of the Income Tax Act for Consulting Income ?

Please advise. Thank you.

if employer deduct tds on salary on august 2017 and not deposit till now, then it is not reflected in assessee 26 AS .

1. How assessee get tds credit .
2. assesee write many times to employer but no response received, then tell me the name of authority to which assessee approach for tds credit.
3.which Income tax deptt deal this matter-------a) where tds deducted or b) where assessee file return

Whether cancellation of agreement to sell a land in the year 2010-11 is to be reported while filing return of income u/s 148 of the income tax act. If it has to be reported than in which column it is to be reported? There is no profit or loss in that. We have refunded full biana to the buyer.

Our one company in USA which is S-CORPORATION BY ONE BROTHER.PARTNERSHIP FIRM IN INDIA BY ANOTHER BROTHER. NOW WHAT IS THE IMPACT OF INVESTMENT MADE BY USA COMPANY IN PARTNERSHIP FIRM IN INDIA IN EVERY ASPECT. WHAT TO DO FOR THAT.

EMAIL ID : mkpandya10@gmail.com

for 17-18 assessment year i filed a company return . the company has not yet commenced and there is no Profit and loss account . noe dept is asking me to rectify the return by filing P&L account. what is the solution

If service provider (resident in India) is not agree to borne TDS, can service recipient borne the same in view of Income tax provisions?
My questions are;
(1) I think section 195A is there but such provision is applicable to non resident only? In my case service provider is resident.
(2) If TDS borne by Service Recipient, Service Recipient should give TDS certificate to Service provider?