In table no. 12 & 13 I wanna know about the word "Previous Financial Year" for the Annual Return 17-18.
Does it mean 16-17 or 17-18?
Please do solve my query as soon as possible.

Ours is a partnership firm and we have given on rent our plant & machinery. Yearly Rent is Rs 64,80,000. Whether there may be certain exemption and deduction on such income. What to do in such case ? What are the related expenses which can be claimed against the said rental income.

I receive stocks from a company which I sell to a retailer as per the companys instructed price which is lower than the purchase price.I get a credit note without gst from the company for the same.Now the issue is should I pay tax on the credit note received from the company or not?

A PERSON HE HAS A 1 SHARE OF A UNLISTED PVT COMPANY & HE IS BENEFICIAL OWNER OF THE COMPANY

SO WE REQUIRE TO DISCLOSE IN LIST OF UNLISTED SHARE .....?

Hello Learned fellows.

I had filed ITR-3 for AY 2018-19, showing 72 years old assessee''s FD Interest income, Partnership Interest, Partnership Salary and Share of Profit from the firm, on 23/07/2018. Very lately I realized that I should have filed ITR-2 for a partner and not ITR-3. But that was already late, and the last date for even revising the return i.e. 31/03/2019 already lapsed by then.

Last month I received notice u/s 143(1) wherein the department rejected the Claim of Exempt Profit share and added it back to the Income from B&P and thereby demanded a good number of tax. Notice also contains that some amount of TDS is a mismatch, however, Form 26AS is not showing any such mismatch even as on date. It should be noted that Original return contained the amount as per Form 26AS only and not otherwise.

Some questions are important for me to know and understand.

1. Can return be revised/rectified by choosing different ITR-2?
2. Whether rectification U/s 154 should be invoked just because the original return still shows TDS amount as per Form 26AS, whereas Department denies this amount calling it mismatch?
3. Whether Showing of profit share from firm, will reduce the taxable income?
4. Can rectification u/s be invoked by challenging Department's view for Mismatch of TDS against Form 26AS?

My office has outsourced an employee from an agency. Employee salary is Rs 20000/-. Service charge is Rs 200/-. The company bills us 20,200/- + GST @18% on 20,200/-. But one person is telling that bill should be Rs 20,200/-+ GST @ 18% on Rs 200/-. So please tell what is the correct procedure.

Dear Sir,i wrongly entered IGST amounting Rs10000/- in Point 5 (All Other ITC)Table 4 as Input
Now i have to Reverse that input....then i contact CBIC they said in your next return fill the Amount of wrongly claimed IGST in IGST Reversal Point in Table 4.but there are two points (i) Reversed u/s 42 &43 of the Act,and (ii) Others
then in which point i have to reverse

Dear Sir,

FY 2018-2019 We have received the services of Transporter but Reverse Charges not included in 18-19. Can we include in this month,s return GSTR-3B
But payable show in books of accounts.
also Please guide in which colum need to show

Thank you

Dear Sir,
Maternal uncle of my mother was expired. He was bachelor and was an employee. His had stated my mother as sole nominee. she is entitled to get the Providend Fund amount of the deceased. Now whether such PF amount as received by my mother is taxable. Or not?

Hello Sir,

Which ITR form is use to file by a company director for having salary from the company not exceeding 3lacs?
And what is the procedure to file ITR-2, if a director has already filed the return in ITR1?

Kindly provide your valuable suggetions.

Thank you
Menon