ANONYMOUS
12 July 2018 at 18:31

Tax audit under which clause

Turnover: 90 lakhs
Profit : 5% (less than 8%)
Assessee : Individual
FY 2017-18 AY 2018-19

Books of accounts Maintained
Not in presumptive category business
Net income More than basic exemption limit


So, do i have need to get my books audited as per IT act? if yes under which section??



Anonymous
12 July 2018 at 16:50

Interest on fixed deposits

My mother was having certain fixed deposits jointly with me. She passed away in
June 2014 but FDR S have been encased by me in June 2017 as I required funds.
Please advise about taxability of interest. In case I have to include interest from June2014 to June 2017 in my income for payment of tax please advise how I can
claim benefit of TDS deducted in my mothers name.


Jignesh Savaliya
12 July 2018 at 16:44

Itr

One of my client has income from as under:
Salary 280000
Speculation Gain (Intra Day Trading in Share): 38323
Business Loss (Short Term Loss in Share Trading): -105058

So please suggest which Income Tax Return Form is liable to file and where to show loss and gain from share trading in ITR form??


Sanjay Toro
12 July 2018 at 10:40

Ltcg itr filing

I have made certain LTCG in last FY .form sell of long held Shares all of theme were sold before 1/1/2018, this tax exempt LTCG is to be filled in EI section in ITR2

My problem is I only have value of proceedings from sell. I do not have purchase data date and value and hence do not now costs. ( i only aware that most of these were acquired over years through POs , rights bonus, etc. in paper forms (old days were demat dd not existed)

seek advice for ITR filing. Thanking in advance


suhas potadar

Please let me know, which amount should be considered from R.A. bill whether it is gross or net amount for calculating the GST. Also which date should be considered R.A. bill date or payment date.
And how to upload the bill in GSTR 1?
Please give replay as early as possible.


Ramesh S. Kansara
11 July 2018 at 20:53

Input tax credit of capital goods

Retailer of a mobile purchased refrigerator for his shop. It will be used in shop only not for personal use. Can he avail itc on refrigerator?


T.N.Reddypro badge
11 July 2018 at 20:30

Deceased person vs her 26as

Dear Sir, I am filing income tax returns of both Husband and wife for the assessment year 2018-2019, but Wife was expired in the month of February 2018, and her 26AS shows sizable interest income and tds there on.
Now can i disclose her income also in the husbands income tax return, if so, how can her 26AS income is to be proved is included in the Husbands income tax return. or do i have to file her income tax return, but can we file the income tax return for the expired person. kindly advise


Rahul singh
11 July 2018 at 20:16

Tax on long-term capital gain

Dear Experts, I have purchased a house in August 2016 , cost of house was 22 lacs.to purchase house loan of 17 lacs taken by me from OBC. I have sale out a plot in February 2018 ,sale amount is 12 lacs which was purchased by me in 2010.purchased amount was 5 lacs. I have deposited 12 lacs rupees for my home loan which I got after selling a plot. My query is that I have to pay any tax or not for long term capital gain. Thanks and regards Raj


bhavya

Dear Expert,
Recently I going to be purchased a house property whichever given to the owner in Gift. The Gift deed is duly registered but contain condition of nontransferable of aforesaid house property. When I consulted from my home branch manger for home loan, he said he didn't gives loan on gifted property, because of condition of non transfer-ability. please help ?


ANUPAM SHEE
11 July 2018 at 18:01

E-way bill

In E-Way Bill web site way bill report available in daily basis and also only Part A details available in this Report. When the main details available in Part B. Is it not a huge problem for those Company's, who generate many way bills in daily basis? Is there any solution to overcome this problem.

Because, if someone wants to keep this record with part B detail, then he need to go thorough the each way bill one by one. Which is a very lengthy and irritating process. And I think its a totally waste of time. Is there any solution for this problem?





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