If a property ( long term) is held in the name of partnership firm and is sold out, reinvestment is done in some other property than whether exemption is available u/s 54F or not ??
If partnership firm is first dissolved and than the property is distributed to the partners, who further sell the same, than whether it will be short term or long term gains??

In ITR-3,
Some schedules are there, which are not applicable to an indiviual assessee.

For Example,
Schedule IF, Schedule PTI,
Schedule FSI, Schedule TR,
Schedule 5A, Schedule 10AA,
Schedule SPI, Schedule SI,
Schedule ICDS,
Schedule 80, sCHEDULE 80G,
And
Other DEPRECIATION Related Schedules.

- What to do in these schedules, which are not applicable to the assessee ?

(1) To show them, but leave them blank, as it is. ??
OR
(2) Not to show these schedules, and To delete them from the ITR Form ??
(from HOME Tab, By selecting 'NO' against these schedules.)

sir,
my profession is lawyer and fees collected by me is Rs.17 lacs annual. I got tds deduction of Rs1.70 lacs . Please suggest which form to be used as usually i file my return with my wife dividing my receipt equally. please help

We have received a notice of inquiry from GST dept for utilising more than 95% of input credit for discharging GST liability during FY 2017-18. We have utilised 99% itc & 1% cash for discharging liability. Is there any rules or law that we can not utilise more than 95% of ITC for discharging liability?
How to reply to this Notice?

Mr. X has income from salary for the FY 2017-18 is Rs.260000.00. Is Mr. X salary is liable for TDS. If yes how much tds amount to pay. and section 87A is applicable. Please reply on urgent

Reply me urgent

I am 36 years old working as computer assistant in a company with educational background of BCA. I learnt the accounts, but want to persue the CA. I have no time and lack of money to attend the classes. I would like to self study. Is it possible ? Please Guide.

Thanks and Regards

Good Day Sir,

Today is my last date with Company & will be retiring today. However, my company has agreed to take me as Consultant & pay me per month without to have additional benefits like Mecalim, EPFO, Bonus & other benefits which I was enjoying while in service. My company is engaged in placement services with Shipping Management.

Please guide me as to:

1. How do I get GST number? Please advise me web site where I can register myself. How much time does it take to get GST no.

2. What all documents I need to submit to get GST no.

3. How often I have to file income tax & on which portal?

4. How my salary has to be taxed for IT returns for the period 1Apr2018 to 31st Jul2018 And as consultant for period 1Aug18 to 31st Mar2019 ?

Respected Sir,

I had a query regarding income tax. In my present company I am deputed in Qatar on short term basis (Business Visa), but am receiving salary in INR (Indian company). However, company is also giving allowance for overseas stay on per day basis(per diem in dollars). The company is deducting tax on full amount of allowance(TDS) irrespective of amount spent in overseas for day to day expenses. As per my understanding, per diem is tax free but if any amount is saved then it is included in taxable income. If so, will I be able to get a refund on the same. If yes then how?

Example
Salary INR 6 Lacs
Per Diem USD 80/day for 300 days = $ 24000
Allowance spent USD = &10000

Taxable Amount = ( INR 6Lacs + $ 24000 ) or ( INR 6Lacs + $ 14000 )

One of my clients constructing Residential Flat since 2 years and it will be completed in the FY 18-19. Every year the construction cost he is claiming exemption u/s 54F against sale of gold ornaments in the same year. Whether it is correct or not ?

Dear Sir We are a Manufacturer and Supplying the Goods to Merchant Exporter at Concessional Rate of GST 0.10%.
Now My Question is Where we have to show the Details of Supply to Merchant Exporter in GSTR1 as well as GSTR 3B.

1. Is it required to Show In GSTR 1 B2B under 4A or Under 6 C Deemed Export .
2. In GSTR 3 B Under 3.1 (a) Outward Taxable Supplies (other than Zero rated, Nil Rated & Exempted).
Please advise