Dear All
We have oils refinery in West Bengal. we are selling our product (petroleum products) @ 18% GST. Now we procured a order from our customer for processing of some said product and they will give us the processing charges. We are desiccated to charged @ 18% GST on processing fees. Customer is saying they give us GST @ 5% on processing charges.
What % GST we wiil charge on the said job, please let me clear.

Thanks & Regards

Chandan Mukherjee

Hi,

me & my friend buy a agri land 5 years ago and land registered on my friend name at that time due to am not in station. recently we sold the same land received the amount but the sale deed executed on my friend name only.

Now my problem is should i can claim the return agri land as a capital gain for MY IT Return. Me and my friend having a internal agreement (MOU) saying that both are having right on that land.

Please suggest.

Respected sir/ madam,

My relative and his wife is coowner of let out property (having equal ownership) receiving rental income more than Rs. 1 lac in AY 19-20.
Pan given to the tenant is one of the co owner only (who is taxed in higher slab)

My query is whether rental income has to be shown equally in both coowner's hand or has to be shown of one person whose PAN is given to the tenant?

Kindly reply soon.

Dear Experts,

I have earned income from salary, My employers give to me HRA, but my employer not shown HRA exemption in form 16 bcoz i have not submitted my rent receipt to employer, I have claim rent Rs.60000/- u/s 80GG in ITR-1, so please tell me can i claim rent expenses u/s 80GG or other section in ITR-1, If other section please tell me which section i can claim HRA exempton.

Thanks & Regares

In reference with section 234F of Income Tax, 1961, please explain if someone's (below 60 years of age) taxable income after deductions under chapter VIA does not cross the prescribed limit of Rs. 2.5 lakhs, will he be liable to pay late filing fees/penalty of Rs. 1,000?

Dear Sir,
Whether any hope for itr date extension?

Will 44 AD lapse, if we have already filed IT return for FY 2016-17 under 44 AD and hadn't filed any return for FY 2017-18.

can we file 44 AD for FY 2018-19.

Sir.
Personal Effects to be shown under which head in Balancesheet of ITR3

Dear Sir/Mam,

One of my client is having only 3 staff in his office. He gives salary to one of his staff as Rs. 75,000/- per month and doesn't deduct any tds since he don't have TAN number. Is there any way to show this amount in the books in such a way so that he can escape the TDS compliance.

The only reason he don't want to take TAN number as he doesn't have many employees.

Regards,
Divyesh Jain

PERSON RESIDENT OF INDIA HAVING INCOME IN INDIA AND EARN SALARY IN FOREIGN COUNTRY AND REMITTED TO INDIA. IN FOREIGN COUNTRY PERMANENT ESTABLISHMENT IS AVAILABLE.AND TDS WAS DEDUCTED IN FOREIGN COUNTRY. WHETHER IT IS TAXABLE IN INDIA OR NOT.