My company working in field of construction services for municipal bodies and local Authorities where as as per gst law in case of work contract for government/local bodies are come under 12% gst rate where i have sub let my work to my subcontractor what is tax liability for sub-contractor in case of work contract

I have received a notice u/s 143(1)(a) to day for AY 2017-18. "in schedule VI A, total deduction shown in Sl. No. 4 is not equal to total of individuals deductions claimed" is written in Error Description column. ₹153821 is written in Amount in Income Tax Return column. ₹143821 is written in Amount as computed column and ₹10000 is written in Variance column. I checked my Return and found that in schedule VI-A, total deduction shown in Sl. No. 4 is ₹153821 and in schedule Part B-TI, total deduction shown in Sl. No. 13(c) under deductions under Chapter VI-A head is ₹153821. Total income is computed in Sl. No. 14 in schedule Part B - TI, deducting ₹153821 from Gross Total Income (Sl. No. 10 in schedule Part B - TI). Why this notice is sent and what response should I submit. Please guide me. Again I do not find the figure ₹143821 in my submitted return.

Helo every one

Tell me anybody what is business code for Food Grain Retail Business like Maize
for AY- 2018 -19

With due respect to the reader, I would like to know from you that if I file a revised return after 31st July in lieu of a return which is wrongly filed but within due date i.e 31st July, will there be any interest/penalty imposed on that revised return?

Ay 18-19 real net profit remains always in between 2% & 3% and if the I file ITR-4 u/s 44-Ad for the Ay 18-19 while showing the net profit @ 8.00% and if by the way the next year for the Ay 19-20 if tax audit u/s 44-AB is conducted because of largest sales volume. 8% net profit will all of a sudden come down upto 2% to 3%. Whether the income tax will open the case in scrutiny because of objectionable variation in nett profit as compared with the previous year.

Ay 18-09 Nett profit @ 8% shown in ITR-4 u/s 44-Ad ( Books of accounts are not properly maintained )

Ay 19-20 Nett proift @ 2% to 3% ( Books shall be audited u/s 44-AB )

Please guide me and oblige.

Dear experts, if income below exemption limit like only 2 lakhs and i file return after due date.. will late fee u/s 234f be applicable or not??

I had burrowed an unsecured loan and i also have secured loan .I have invested these amount in shares .I also invested in portfolio management services . I am gaining short term capital gain on sale of shares .can i deduct Interest and pms fees from my short term capital gain .

what is this ....
In case of Foreign Nationals, documents need to be attested by authority prescribed.
what excctly we have to do in case director who is a foreign Nationality............??????


Thanks and Regards...!!!

Hi

My Director daughter is NRI currently resident of usa and thier children is OCI (Overseas Citizens of India).
He want to gift some cash to his grand children on their birthday

Now what is limit is for gift to to foreign grand child and it is tax free? Under section

I have a foreign bank which I had opened when I was working abroad couple of years ago. My salary went to that account. Now I reside in India for past 3 years. I have not transferred my money in the foreign account to India. There is no income in that account other than interest, for which is taxed there.
Do I need to declare that account in ITR? If yes, do I need to mention the interest earned?