HI EXPERTS

MY BUSINESS TURNOVER IS LESS THAN 75 LAKHS PER ANNUM . MY PROFIT MARGIN IN BUISNESS WILL BE AROUND 15 TO 20%

CAN I OPT FOR 44AF AND PAY TAXES AT 8% , EVEN THOUGH MY ACTUAL PROFITS ARE HIGHER.

PLEASE REPLY

Dear All,
What is the accounting treatment of 234A, B , C Interest & If it is included under Interest expenses should it be disallowed?
Regards,
Kiran.

If amount is not deposited due to dispute in the court but the time period elapsed is less than 6 months. Should we report in 3CD?

Hi Friends,

One of my relative gifted an immovable property consisting of land and residential building to his wife on Feb, 2018 and subsequently wife sold the same in March, 2018 and the tax u/s 194IA was deducted in the name of wife by the purchaser. Now when they want to file the return, can the wife take the original cost of purchase by her husband as Cost of acquisition or the amount fixed in the gift deed? Also what will be the period of holding of property of wife?

Could you please throw some light to this issue?

A government organisation is providing acomadation and Food to its employees transferred from other state. The Hostel owner is charging GST @18% on the monthly rent of Rs7000 paid per person for 50 persons.
Is the organisation is liable to pay GST @18% or claim exemption as per notification 11/2017 please clarify

Mr.Roy is a salary person.Previous year he was submitted non taxable ITR-1. As on 31st July 18 he was received Rs.3 lakh DD from the company, due to companies various reasons. Hence while Mr.Roy submit ITR will he face many questions from IT Department? How to solve this problem.

Hi

I want to know procedure for cancelation /surrender of Tan number


Please guide me

if Mr. X, an NRI indian who is employed in UAE , comes bck to india and does not returned. now he had provided some service from india to that foreign employer and the foreign employer provided some consideration for his work in his indian saving bank account.
kindly clarify the income tax taxability

what is the limit for capital a sole proerietor can invest in business (cash)?

What is omnibus approval in related party transactions