Dushmanta Rana
17 July 2018 at 11:20

Ppf

Interest earned from PPF Account is 100% Exempted or not ?


Dhanraj Sharma
17 July 2018 at 11:08

Nature code and itr query

Sir,

One person purchase JCB machine he use this machine on contract basis

please suggest contract income which head income and nature code ???

he is unregistered and income under 20 lac

he can use itr-4 ?

please suggest nature code


AJAY KUMAR VERMA
17 July 2018 at 08:17

Place of supply

Sir,
We are registered in chhattisgarh state and our service provider also registered in the same state. Supplier provide service in delhi and bill raised with CGST and SGST.
We have no registration in delhi.
Please confirm suppliers bill correct or not.



Anonymous
17 July 2018 at 07:24

Investment u/s ec

Sir/Madam
I have deposited my long term capital gain form sale of land & building in specified account for constriction of house. But after 2 years I realized that it is not possible to construct a house. Now my question is after end of 3 years can I put the amount in Rural Electrification Corporation and the National Highways Authority of India. for 5 years as my gain is less than 50 lakh.



Anonymous
17 July 2018 at 06:20

Which itr form will be used

Sir,,
we have NGO having 12A, 80G registrations. We want to know that which ITR form will used for IT returns for the financial year 2017-18. Every year we use ITR-7 for IT returns. But some other auditors are using ITR-5. Please give me correct advise in this matter.


Ritu Alwani
16 July 2018 at 21:32

Gst turnover in itr 4

One of my client is a Civil Contractor having gross receipts of almost 1 Crore. But till now he is not registered in GST.
So now I want to file his income tax return. I want to offer 6% of total turnover as profit as all receipts are through Cheque only

Ques 1 - Is he required to get registered in GST before filing his IT return for Financial year 2017-18
Ques 2 - Can I offer 6% of turnover as profits without doing audit.

Looking for positive reply

Thanks


Ramchand
16 July 2018 at 19:45

Taxable amount

I have policy of icici prudential life link wealth sp bought in 2010single premium paid 3lacs
sum assured 375000
amt rececived 450000
tds deducted @ 1% u/s 194da

whether full amount of 450000 taxable or 150000being excees of premium paid taxable.

please advise as its urgent


mital
16 July 2018 at 18:30

44ad applicability

IF I OPTED FOR 44AD IN AY 18-19 , AND IN NEXT AY 19-20 IF I SHOW MORE THAN 8% PROFIT, THEN CAN I APPLY SECTION 44AD FOR AY 20-21?


Naresh Mohan Gupta
16 July 2018 at 17:13

Applicability of sec 44ad

I have income from private tuition, bank interest, Capital Gains on equity and speculative business(intraday trading), overall income is negative Turnover is less than 01 crore. Shall I have to get my accounts audited under section 44AD?
Shall i have to file ITR3?



Anonymous
16 July 2018 at 16:18

Interest on tax liability

Dear Sir/Madam,

On what amount 18% interest on Tax Liability to be paid for delayed return i.e., on the entire Output Tax liability or on the balance amount paid by Cash/bank after setting off with ITC.

Thanks in Advance.





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