One of a contractor filled last return on AY 2016-17 and that year he has a TDS credit but same not shown in return i.e. ITR 4S. Can he claim refund now during filling ITRS for AY 2017-18

One of contractor only supply manpower on a commission basis. He raised monthly bill to company and company pay the same. After that contractor distribute the money to his personnel those who are working in company. Apart from that no other income generated.
Is he eligible to file ITS or ITR4

E FILING of return is mandatory for income above RS.500000
is this income after giving effect to section 80C deductions or before it
OR is it income after giving effect to deductions and basic exemption limit for an individual

Pl suggest, Depreciation Rates as per Income tax for Office Equipment

My Friend has 200 workers for his business. the workers are divided into 4 groups. each group comprises 49 members and a "head person" for that group.the head person communicates with the workers and get them to work daily, for that the head person gets some commission and the workers get wages.at the end of every month my friend transfers Rs.2lakhs(workers wages+headperson's commission) from his "Current Account" to the head person's "Savings Bank Account". the amount will become RS.24Lakhs at the end of the year.my question is "will there be any problem for "the head person" from "Income Tax Department" because he/she has "Savings bank account" ? Please give a solution for this. Thanks....

A manufacturing organisation has to deploy daily paid worker for different
activities to maunfacture a product.

Its payment usually results in sum of Rs. 3 to 4 lacs per month.

Whether this sum can be passed though one voucher on month end.

If the company will pay such sum in cash, what implications may arise.

Please advise having regard to provisions governing payment in cash

Following is the our employee computation of income from salary .F.Y.17-18

Salary income 472608
Less -eligible (least) exemption of HRA 20700
salary Income 451908

ADD-Income from saving bank A/C Int. 2000
Total Income 453908

Less Deduction Deduction U/s 80TT 2000

Qualifying Income 451908
Deduction U/s 80c 85846
Deduction U/s 80DD 75000

Total Taxable Income 291062
Income Tax 2053
Less -Rebate U/s 87 A 2053

Income Tax payable 0

You are requested to Pl give your opinion this is correct or any correction
require.

Regards

Rajkumar Gutti

An assessment order by the ITO/AO has been passed against my company for AY 2011-12 in the month of March 2014.
Is this order valid as the time limit for assessments under sec-144 is prescribed as 2 years / 21 months in sec-153(1) of IT Act?

Pls advise.

Hi Guys and practicing members, My dad having flat in his name..now we are planning to sold out the same and buy new flat in some other place. My queries is can I use sale proceed of flat sold of dad to buy property in my name and can this case long term capital gain would be attract in my dad name.

sir,
return of ay 2017-18 was e filed and also e verified on 15 march 2018.but receieved sms only and not email on 18 march 2018 as follows:

you have not filed ITR for AY 2017-18.please click on compliance portal link at e filing portal to view further information.

should one ignore this message as itr is already filed and it will go away automatically when itr is processed?or should visit compliance portal and submit that return is already filed?