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madhu
04 January 2019 at 16:19

Gst on rental income

one of our clinet business is renting flats with other facilities. He is filing this income as business income under income tax act. is this income exempted from gst as it is given for residential dwelling even if it crosses 20 lakhs ?.
thanks in advance



Anonymous
04 January 2019 at 16:08

Notice u/s 148

ITR is already filed, Is it mandatory to file again the ITR in response to notice u/s 148 ..?



Anonymous
04 January 2019 at 16:03

Tds

we recd 2 invoices of 47200/- for advertisement, now we are going to pay cheque of 94400/- pl confirm tds detail

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hemlata p. soni
04 January 2019 at 16:03

Interest income

IF I HAVE SALARY INCOME. I TAKE LOAN FROM MY PARENTS FOR MAKING BUSINESS OF FINANCING ON SMALL BASIS. I GIVE LOAN BELOW 50000/- AND TAKING CHEQUE FROM THE BORROWER. I OFFER THE INTEREST INCOME IN MY RETURN AND ALSO TAKE INT EXP WHICH I HAVE TO BEAR. WHETHER I HAVE TO TAKE LICENSE FOR FINANCING OR CAN I DO IN NORMAL WAY.


K G jayasimha
04 January 2019 at 15:50

Related to sec 54

Can Two or More buy a property jointly and avail exemption under Sec 54


DHEERAJ KUMAR
04 January 2019 at 15:38

Taxability of allowances

Sir
We are a Public Limited Company. Our Executive Director is paid Rs. 17000/- towards Flexi Allowance.
This Allowance is for reimbursing him expenses incurred on Hotel Lunch/Dinner with Business Associates. He submits bills and claims the amount. But Total Annual Reimbursement can not be more than 17000*12. But if he claims less in one month then he can claim more than 17000 in the next month but annual limit of 17000*12 can not be exceeded.
What about Taxability of this allowance. Basically this is reimbursement on production of bills. But in books it is mentioned as Flexi Allowance.

Same way he is paid Rs. 5000 per month towards Uniform Allowance. He submits the purchase bills of any clothes and gets reimbursement. In books it is mentioned as Director Uniform Allowance.

But actually he gets reimbursed on production of Bills.
Confirm its taxability also. He gets regular salary per month including above mentioned allowances.



SUMIT GADHAVE

I have paid GST Late fees for April - Sep 2018 around 10000/- for NIL Returns in October 2018 . Now notification has published for waiver . My question is can we get refund of late fees ?


Divya Priya
04 January 2019 at 13:14

Salary arrears

My frnd has recd 33684 as arrears of salary for the month july2018 to nov 2018.How to treat this while filing ITR?


vinayak malladad
04 January 2019 at 13:07

Tds

For Extendeded warranty charges whether TDS is applicable or not


hemlata p. soni
04 January 2019 at 13:04

About interest income

I am having business of labour contract. I also lending some money as loan to our labourer and their relative on interest. whether I can give loan on interest basis or not. whether the interest income is legal or not. I also offered this interest income in my return. please give urgent reply.







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