Anonymous
26 July 2018 at 09:48

It return for p.y 2016-17 and before

Can I file my P.Y IT return now by paying interest and penalty online?

Is there provision to file now?

3 years I have filed my old/Pending IT returns, I would want to can I file the same now?

What will happen if I do now file my IT returns for F.Y 2017-18 by due date? Can I file later?


Nitin Ananda Bhosale
26 July 2018 at 09:03

Itr to be filled

The client has salaried income and he has traded in future and option as well as in equity. He has loss in future and option. His total income excluding loss exceeding 2,50,000/-. Which ITR should i filled? Where to show this future and option income in ITR?



Anonymous

I have taken overdraft from bank and on monthly basis i am charged interest on it. I have also taken loan on my provident fund for which every month i am charged an installment or interest.
Can i use the above amount for deductions while filing income tax return?
I am assistant manager in Oriental Bank of Commerce.


mullapudibandivijaysairam

An educational society registered under societes act and have a pan as an association of persons and having losses in business. While filing income tax return is it shall be audited and certified by chartered accountant?

Please explain what to do if it having losses and also if it have profit. What is the treatment for both the cases


Prashant

I have property "A" which is let out. For buying property "B", I took a loan against mortgaged and the Property "A" was mortgaged to acquire Property "B". Can I claim the interest paid on loan against property u/s 24
I am offering the rent income of Property A as let out


CA. DINESH CHOUDHARY
25 July 2018 at 22:22

About gst rate

Presently me Govt. deptt. ko transportation of passenger (i.e. govt. employee) by CAR ki service provide kar raha hu, is case me GST rate kiya hogi ??????? Is service me fuel cost & driver salary me hi pay kar raha hu.......

Plz suggest me...........


Israr Ahmad

I work in a dignostic centre . Some medical shop , Quak doctor, professional Doctor and person send/refer patients for testing here in the month end we give some percentage to them but I m confused in which head of account should me shown and if show it sale promotion under indirect expense will it attract TDS. If attract then in which section??


RAJA SINGH
25 July 2018 at 21:19

Income from brokerage/commission

A salaried employee having income from salary who is also doing the liaising work for some brokerage/commission under which head his income from brokerage/commission will be taxed - whether Income from Other Sources of Income from business.



jani

can partner comes under the definition of person under section 2(31) of the IT Act 1961


Tara Jain
25 July 2018 at 20:48

Tax audit turnover definition

Mr. A is a dealing in items which bears heavy cess on it under GST (For eg. Tobacco). In the current year his taxable turnover under GST was Rs. 50 Lakhs on which he has paid GST including cess of Approx. 62 Lakhs. What will be his turnover under Income Tax Act. (Kind attention sec 145A which says -
the valuation of purchase and sale of goods and inventory for the purposes of determining the income chargeable under the head “Profits and gains of business or profession” shall be— (i) in accordance with the method of accounting regularly employed by the assessee; and (ii) further adjusted to include the amount of any tax, duty, cess or fee (by whatever name called) actually paid or incurred by the assessee to bring the goods to the place of its location and condition as on the date of valuation.
Kindly reply soon.





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