Dear sir

I am working in a manufacturing company(in Karnataka), where recently goods were dispatched to Maharashtra as per the direction of the buyer (also based in Karnataka and who also gets commission for the sales) by preparing invoice in tally erp with the name of the Karnataka based party under the head buyer and that of the Maharashtra party under the head consignee and sgst & cgst was levied.Unfortunately the goods were detained and subsequently released by the the party based in Karnataka(buyer-agent) by paying a penalty and now the party is claiming reimbursement of half the penalty amount which they could not take credit while filing the return on the pretext that goods were detained because of wrong billing ie under consignee name the Karnataka party's details and under buyer name Maharashtra party details had to be shown in the invoice, .Please clarify whether the bill prepared by us is correct as per get and is there any remedy to get refund for the the remaining amount of penalty paid by the party.

Sir,

Can we fill the IT Returns for AY 2018-19? If not so what is the circumstances and how resolve the issue.

how we can treat income generated by an Auditorium with total annual rental income of 18 Lkahs.
44 AD presumptive taxation or income from house Property

I need to know how much TDs to be deducted from license fee of 155000/- pm for a resi leave & license.

Also how to pay online , meaning which form is to be used ? 26QC says only 5% TDs, whereas the owner mentioned 10% TFS also when is the TDs to be paid, monthly ? Half yrly ? Annually? Or before 31st march 2020 ?

Dear Expert,

I am director in Pvt. Ltd co. but company has struck off by roc wef 2016 bcoz non compliance to roc also mca disqualified my director ship, also i have earn income from rent & bobbies classes, so my question is can i file ITR-4 under presumptive income scheme or other form in my case.

Thanks & Regards

For financial year 2018-19, the sale value for short term capital gain is 80 lakhs, loss is 8 lakhs and speculation sale is 2 crores, profit is 1lakh. Do i need to do tax audit in this case? Do we need to mention speculation income separately?

Sir I am salaried and has fno losses. Turnover is 35 lacs. Is it okay to file through ITR 1 and not show report any losses. I have to do audit in case I select ITR 3....

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I HAVE A CASH CREDIT LIMIT IN BANK NOW WE ARE GOING TO CHANGE OUR BANK AND OUR PRESENT BANK WILL TELL TO CHARGE 4% FORECLOSE CHARGE AND THAN THEY WILL GIVE NOC.
THEY HAVE NOT MENTIONED IN SENCTION LETTER ABOUT FORECLOSE CHARGE AND TELL US TO THAT THEY HAVE MENTIONED IN MASTER FINANCE AGREEMENT. AND TELL ME THAT IF YOU WANT TO CLOSE A/C YOU HAVE TO TELL US BEFORE 2 MONTH OF RENEWAL DATE AND NOW IF YOU WANT TO CLOSE YOU HAVE TO PAY 4% FORECLOSE CHARGES
PLEASE SUGGEST WHAT WE CAN DO

Respected Sir, Due to shortage of funds I have not paid SA Tax as yet. 31-08-2019 is the due date for ITR. Can I file the ITR without making SA Tax payment and I hope I would be able to pay SA Tax by 15th of September 2019. At this moment of time my ITR is showing tax payable. The same time in the said ITR I have claimed business loss also, Whether business loss will be disallowed, Actually tax liability is just because of Rent Income. Please guide me and oblige.

I Have done sale of 6.5.lacs in F.Y. 18-19 of as new partnership firm but i didn't want to file ITR u/s 44AD. My nett Profit is 8.05% before partner salaries. Is Tax audit required.