MY friend having salary income (only salary no other income).
In form 16 Part B the details given like exempt Allowances and Tax on employment.
Tax employment column is there in the ITR 1 but Exempt allowances column not there. so where can i mention exempt allowances and can i take salary excluding allowances for reporting in ITR1 or can use ITR2 for reporting full details because the dept issued adjustment notice if the amount mention in ITR 1 is not tally with 26AS. please suggest me sir?

I am non resident residing in California.My income tax refund for many years is not credited.Income tax department has asked me to submit the indemnity bond.

May you please provide the format of indemnity bond for non resident and please tell whether I have to submit different indemnity bond for different assessment years.

Sir,

Under previous regime of Indirect Taxation, we have maintained two store one for trading and another for manufacturing because we import the material and want to take credit of CVD and SCVD paid on such import. we have manufacturing licence.
Now, We want to mix the both store in one Store for sake of better utilization of Space, whether we can do so in GST regime.
Please provide guidance and mention logic or section under under which its allowed.

Dear Sir/Madam,

One person wants to take GST registration on voluntary basis. He has own place of business not rented or lease. But his electicity bill is in the of his father's and his father is dead, but connection name not changed till now, he wants to continue with his father name. Now how he will give consent letter for registration. Please guide anyone.

Xis a retired person and has following incomes for the financial year 2017-18

PENSION Rs. 20,000/- only

PROFESSIONAL INCOME FROM ACCOUNTANCY PROFESSION - Rs. 4 Lakh

LONG TERM CAPITAL GAIN - - Rs. 15 Lakh


As due to long term capital gain, X cannot file Form ITR 4 Sugam, for his Income of Rs. 4 lakh on presumptive basis, what he should do to show his income of Rs. 4 lakh on presumptive basis.

While filing my ITR I found that interest as per 26AS and bank interest certificate is not matching. What could be the possible reasons. Bank manager is not interested to help and does not understand much about this issue saying your CA will do. What shall i do? Whether i should show interest credited as per 26 AS in my return or as per bank interest certificate in my return. Interest as per interst certificate exceeds 4000 compared to 26 AS.

Dear All,

If In GSTR sale has been shown NIL while filing return from the date of obtaining gst number (in this case Sep 17). But while filing income tax return us 44AD for fy17-18 can he show business income? I am bit confused because in gstr no sale is shown and directly while filing income tax return sale is shown.
Please help advise me.

INCOME OF A TRUST REGISTERED U/S 12A IS RS 20 LAKHS. TRUST HAS TO UTILIZE 85% OF THE INCOME ( 17LAKHS) FOR ITS OBJECTS.
HOWEVER TRUST UTILISED RS 27 LAKHS ( EXCESS BY 10 LAKHS) DURING THE ACCOUNTING YEAR. NOW CAN THE EXCESS UTILISATION BE CARRIED FORWARD AND SHOWED AS UITILISATION IN THE NEXT ACCOUNTING YEAR.

PLEASE HELP

Three companies (Key management person are same ) are working under one roof ( same Flat) ......
One of the company is bearing all the expenses such as
1.Electricity charges.
2.Pooja exp.
3.Rent on Flat - No Bill ( owner not register)
4.Internet Charges.
5.office maintenance.
6. Lunch exp.
7. printing and Stationery.
8.Books and Periodical.
9. Maintenance charges to Building given to owner.
10 Salary to office boys
11. Kirana Exp.
Now company wants to divide these exp in to 3 parts and planning to give debit note to other two companies.
My Question is that whether the company should add GST in Debit note?
if yes what is the percentage of GST and can other two companies can take ITC for the same debit note?
urgent

Suppose i am dong business of Kirana .....
My annual turnover goes around 70 lakh....
and profit % is 1%....
so i can not go for 44AD ...otherwise i would have unnecessary tax liability.....
so whether audit is mandatory for me ????
OR I can go for any other option ??????