Dear Sir,

I am running a Gym centre and on an average the fee collection is Rs.60000/-pm(Gross). Now I want to file my ITR.

What is the percentage of income i have to declare as per Income Tax rules and how to determine.

Please share if any format to calculation the income and tax calculation.

Respected sir,
One of my client is an insurance agent associated with L.I.C. of India. In F.Y. 2016-17 he received an amount of Rs. 2,00,000/- towards gratuity. Whether it is taxable or not ? If exempt, then under which section ?
Please guide.

With regards

I received the money from my son for credit of savings bank account. This amount was given as advance for purchasing a flat. subsequently the plan was changed and the booking of the flat was cancelled. The builder also agreed and assued the refund of the entire amount. What will be the impact of the refund amount in my savings bank account and the IT implications.

I would also like to send the amount to my son who is in US,

Kindly suggest ways and means for the above .


chandrasekhar

Dear Experts, I already filed by Income Tax Return for the Financial year 2016-17 and i have Tds refund in that return.When can i get that TDS refund amount from IT Department.

hello sir, i want to ask that i have a case of salaried person in a govt employment they deducted her TDs & give form 16 also. on the basis of that she filed a return but in 26 AS TDs not shown in her a/c so the demand has arised from CPC for the difference of TDs amount. so i want to know how can i response online & whether i have to response in a grivience column ???

Dear all, she is housewife no other income. only FD Income & Interest. First time ITR filling. i suggest Her ITR, 2 Year filling of new ITR filling. Right or wrong

Mr. A accepted a loan from Mr. B of Rs. 2.00 lakhs in the Apr 2016 and in the month of Jan 2017 Mr. B asked him to pay his LIC dues. Can Mr. A pay them. Whether provision of Sec 269T applicable and result in penalty u/s 271E? Receipts and Payment are through Account Payee Cheque.

Assessee is having 4 residential house and shown income from house property for all the property. In this year he is selling 2 house and retain 2 house. LTCG on sale of these two house is utilised for purchase of another 1 house in the same year. Is this LTCG eligible for exe u/s 54

URD has not paid to me the GST Amount and as such I had to pay RCM on his behalf. Whether there is any such rule as under which the GST department should refund the RCM amount to me through NEFT because it is my own money paid by me on behalf of URD. If the RCM amount is not refunded, it will be my loss. In other words I want to say that nothing should be there such as RCM or RCM should be exempted. It means that we should not purchase from URD. We should purchase from GST holder only.

CAN I FILE RETURN FOR AY 15-16 IF IT GET INVALIDATED NOW.. IF YES THAN IN WHICH SECTION. RETURN WAS FILED IN DEC. 2016