Please advise:-

At the time of filling of tds return by mistake wrong pan no. was entered and the same tds credited to wrong pan however the same tds related to invalid pan. We corrected the return by entering invalid pan no in place of wrong pan and filed the corrected return but CPC has rejected the same. Now my query is how can we update invalid pan in place of valid pan (i.e. wrong pan entered earlier).

A cement dealer is receiving target incentives from the company. my query is that whether receiver issue invoice for claiming incentives and charge gst on it? or comapny will pay incentives with gst? then what to do after reeciving incentives in gst return.
please clear what to do after receiving incentives?

I am a salaried person with sum of Rs. 23800 pm.
Continue filing ITR 1 ...

My brother has a grocery shop and also has a HDFC payment point. For this purpose he is using my current account.
I opened this current account with no any balance deposited...

The process of of HDFC payment point is ...
Customer puts his thumb on machine and enter the amount to withdraw.
Entered amount transferred from customers account to my current account.
And then My brother gives the amount in cash mode to that customer.

Next Day My brother withdraw all money from my current account and ready to pay in cash mode again.
He gets Rs. 500 as commission for transaction of per 1 lakh.

Transaction starts from 10 November 2018 and till 31 March 2018 more than 14 lakh amount transferred from customer's account to my current account.

Now my query is..
How to mention this in filing Income Tax Return for Ass Year 2018-19

IF I HAVE FILED ITR 4S (PRESUMPTIVE INCOME) IN AY 2016-17 & FILED ITR 3 IN AY 2017-18 IN BOTH THE YEARS TURNOVER WAS BELOW RS. 1 CRORE. NOW IN AY 2018-19 TURNOVER IS MORE THAN 1 CRORE, CAN I FILE ITR 4 (PRESUMPTIVE INCOME) IN AY 2018-19 OR I HAVE TO GET AUDITED & FILE ITR 3??

AS THERE IS RULE THAT IF WE HAD FILE ITR 4S (PRESUMPTIVE) IN ONE AY & THEN SHIFTED TO ITR 3 THEN FOR 5 YEARS I CAN'T OPT FOR 44AD??

IS THIS RULE APPLY ONLY TO ASSESSE'S WHOSE TURNOVER IS MORE THAN 1 CRORE OR TO ALL NORMAL TAXPAYERS??

Respected all,


I want to know how to clear my group 2 of ca final. The journey of ca final have started long back in 2008. I have cleared CPT IPCC in first attempt itself. But after that I am unable to clear my CA final after repeating attempts. First I have appeared in May 2013(both group), result fail. Then again I have appeared for Nov 2013, result is same. Due to financial crisis I have to join a job. Presently I am working with NTPC as Accountant, joined in 2014 and I have appeared in May 2015 for 1st group and this time I cracked it with low marks(209) but somehow I managed. After that I am trying to clear the 2nd group, marks are as follows:
Nov 2015: 185
May 2016:191
Nov 2016:173
May 2017:182
Nov 2017: Not appeared
May 2018:176
Guys I am totally helpless, don't know what to do. How to prepare so that I can manage to pass and can add those two magical prefix before my name"CA".

Guys this my first post, will wait for your response.

Rajat Bhowmik
CA Finalist

WHAT SHALL BE THE ACCOUNTING ENTRY FOR INCOME RECEIVED ON INVESTMENT BY BUSINESS PROPRIETOR,,,

WHETHER INCOME RECEIVED SHALL BE CREDITED IN CAPITAL ACCOUNT (BEING PROPRIETOR'S PERSONAL INCOME) OR IT SHALL BE CREDITED IN P& L ACCOUNT....

KINDLY NOTE ABOVE QUERY IS IN RELEVANT TO INCOME TAX PURPOSE

THANKS...

Hi,
While filing return in 2015-2016, TDS deducted by a bank for my FD interest was 10,000( IN 26AS form). However I claimed only 3,000 while filing my ITR.
Income tax department assessed my return and processed my refund by considering on Rs 3000 as the TDS.
Is there any way I can claim the Rs 7000, which I did not include in my ITR for 2016-2017.
I have read in many websites that I cannot file a revised return after assessment of income tax return.
Can I file a rectification request?

Dear Sir,
Salaried employee drawing a salary of nearly 90 lakhs, p.a. Can we also do his IT return with Aadhar e verification. I am doing it, but it is not getting through or is there any restriction that till to this slab of income only Aadhar e verification should be done and beyand it should go with DSC ?
Kindly update me please on this.

A company had applied for a DIN for appointing a person as a director. But due to some reason he couldn't be appointed as a director in the same company after the receipt of the DIN but was appointed in other company. Would the DIN applied for the former company still be valid? What are the consequences for not appointing him as a director in the previous company?

Sir,
I booked a flat in Bangalore in the month of April 2017 and paid Rs. 1200000/- advance and made an agmt with theDeveloper . The cost of the flat is arrived after considering VAT+ Service Tax (i,e. VAT-4%+ ST-4.50%).

Now under the GST Regime the Developer is collecting GST @12% from the buyers who have booked flats after July2017.

Now the developer is demanding the differential amount of tax from us for the balance instalement (i.e.12%-8.50%)

Whether I am liable to pay the differential tax ? please advice