Anonymous
31 July 2018 at 00:51

Filing itr as nri for ay 2018-19

I need your help to file ITR for AY 2018-19 as NRI, I am in South-Africa from June-2016 to till date. I am getting the salary in South Africa as well as in India.
South African salary is being taxed as per local laws. My Indian annual salary is greater than 2.5 lakh exemption limit hence I believe I have to fill ITR. my queries are as follow -
(1) which ITR form I have to fill as NRI? Is it ITR-1 or ITR-2 or some other form?
(2) If it is ITR-2, Do I need to fill Schedule FSI & Schedule TR?
(3) Am I eligible for a rebate under 80C against Insurance premium/ Home loan principal repayment (Property is in India) & under 80CCD(1B) against New Pension Scheme contribution? if yes, which section I have to fill?
(4) Am I eligible for a rebate for home loan interest payment (Property is in India)? if yes, which section I have to fill?
Thanks in advance for help.


Simran Katyal
31 July 2018 at 00:04

Rate of gst for tour operators

Can tour operators charge GST @ 18% (with ITC )
And is such rate will have to be followed in entirity, of can be different to some client wise ?



Anonymous
31 July 2018 at 00:01

Gst section 73

As per Section 73(5), the person chargeable with tax may, before service of notice under Sub section (1) or, as the case may be..............pay the amount of tax alongwith interest......

As per Section 73(6), the proper officer, on receipt on such information shall not serve any notice under sub section (1) ............

As per Section 73(8) where any person chargeable with tax under sub section (1) pays the said tax alongwith interest payable within 30 days of issue of SCN, no penalty shall be payable and all proceedings in respect of the said notice shall be deemed to be concluded.
NOW:
As per Section 73(11) "Notwithstanding anything contained in sub section (6) or sub section (8), penalty under sub section (9) shall be payable where any any amount of self assessed tax or any amount collected as tax has not been paid within a period of thirty days from the due date of payment of tax.

What does this mean. Whether penalty @10% [as per sub section 73(9) ] will be mandatiorily imposed on assessee irrespective of the fact whether he has paid the due tax and interest before issuance of SCN.

Further, if penalty is manditorily imposed then issuance of SCN is a must. PLEASE EXPLAIN


Deepak suri
30 July 2018 at 22:49

Exemption under 80 d

My mother, a super senior citizen spent Rs 4 Lakh on her medical treatment during the previous FY 2016-17.Being a CGHS beneficiary she got a refund of Rs 2 Lakh . Can she claim exemption of Rs 30,000 under sec 80D. she does not have a medical insurance .


yogesh Dabholkar
30 July 2018 at 22:04

Gross receipts

Sir,
Your advise is required on my brother Income tax file.
He is a lawyer by profession and his wife is also a lawyer. The gross receipts of my brother is app 17lacs. So while filing itr4s what amount shall I show in the gross receipts. Is it half divided between husband and wife as tds is deducted only of husband.



Anonymous
30 July 2018 at 21:54

Tds

a person '' Ä'' (TDS provisions applicable) having an opening Credit balance as on 1st April 6.00 Lakh as unsecured loan from "B"
on 1st June " Ä" makes a payment of 7.00 lakh to 'B'
Assumes 1.00 Lakh as Loan given to "B'

What does the TDS provision say
TDS Liability arises or not ?




Anonymous
30 July 2018 at 21:28

Deduction u/s 80ddb

My father has been getting treatment of Parkinson disease. I have spent about Rs. 60000/- to pay medical bills. My father is an retired govt employee having pension & FD interest as income. Now my question is that whether he can claim the above medical expenses u/s 80ddb in his IT return which is actually paid by me?


Debasish Pramanick
30 July 2018 at 20:19

urgent help required for filing ITR2

which column of itr2 should I use to show Long term capital loss from sale of listed shares? I have total Long term capital loss of rs. 25000/-.  upto 15/06 profit of rs. 10000, from 16/06 to 15/09 profit of Rs 15000 from 16/09 to 15/12 Loss of Rs 25000 from 16/12 to 15/03 Loss of rs. 25000 Kindly suggest me which columns should be used to show Long term loss


rohit
30 July 2018 at 19:35

26as

In my form 16 total income shows is 7 lakhs approx where as when i see 26 as it shown income of 19 lakhs which is wrong what should i do ?


CSGupta

Dear Sir/ Madam,
One of my clients sold 22 carats gold ornaments for Rs. 30,00,000/- in the month of March 2018 and another sale had been made for Rs. 20,00,000/- in the month of April 2018. Later he purchased a residential flat for Rs. 55,00,000/- in the month of July 2018. He have no any other residential flat / house except this. Kindly advise me for claiming exemption u/s 54 F and if possible send the related case law also. Thanking you






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