Dear Experts,
I have sale of piece of agriculture land against that transaction I got the amount Rs 70,00,000/- & this amount deposit in my saving bank account,
Now I have received income tax notice .
Kindly suggest me.

I have received a notice for defective return. I am a partner in a partnership firm and my CA showed the renumeration as "income from business". I have another proprietership business too for which income was taken under section 44ad.

The notice says the "gross receipts" and balance section have not been filled for income from business.

I want to know how to show that? I mean, if show renumeration from partnership as salary, then it is fine. But it has to be shown as business income. So how do we enter the details like "gross receipts", and profit and loss details? Do I mention the renumeration as "gross receipts" and expenses as "zero"?

Please help.

Part E of my 26AS shows an amount of Rs 195000/- with type of transaction as 005-Acquiring shares >=100000/- and remark column is blank. Is there any thing to do with it in my ITR form. I am filing ITR 2 for A.Y. 2016-17. Kindly suggest as soon possible.

what about sez...??? means whose having select bymistak SEZ and want to go for REGULAR...is there option available....kindly let us know..how to convert SEZ to Regular...

Dear Sir / Madam.,

A Small Partnership Firm (2 person) doing "Manufacturing & Servicing".

They earnedin FY 2016-17 -  Rs. 37,57,800...

Expenses - Rs. 29,38,550

Depreciation - Rs. 33550... Total Book profit Rs. 785,700 (Without Remuneration 7 Interest)...



As per section 40b allowable remuneration Rs. 5,61,500... If they they will avail then fall under 44AB. but, They don't want 44AB.. 

Also they will be file U/s 44AA and will Pay Tax @ 8% and Above...

If they file @ 8% then the Net Profit Rs. 300650... If they will show the Value the the balance Rs. 261,000 will be book as Remuneration to Partners account...



Please solve my query...

Sir My co. Got a new govt. Contract & made a performance Bank guarantee of 488000₹+ (bank charges extra) against a FD amount 500000 ₹. I wanted to know how to make all entries in tally accounting & under which accounting head I create accounts.

Sir,

I have submitted my return for the FY 2015-16 after due date , but i have forget to claim Tds.
Can i rectified and claim TDS.

Plz advise.

Can we Take Credit the itc on Lift Installed in our office????

Plz tell me last date of filing return GSTR2 & GSTR3 for the months July 2017 to Jan 2018.
I have already filed GSTR3B of each month by the 20th of subsequent month
& GSTR1 for July-Sept 2017 Quarter on 10th Jan 2018, & Oct-Dec 2017 quarter on 15th Feb 2018
Thanks.

If we are issuing Invoice @ 0.10% GST for Export than what % of GST shall be charge for Freight or Packing amount included in Invoice.??