Dear Sirs and Friends, One of my friend had purchased a peoperty worth 90 lacs for 67 lacs he had made an agreement of 40 lacs and had taken a loan of 32 lacs for the same. Now he wants to sell this property after 2 years. My question is what will be the Capital gain and howcan he save himself by avoiding tax . What he do to avoid huge tax. Pleae help ist urgent

I have a query Suppose an individual has taken joint loan(in his name and name of spouse) for a joint house (that too is co owned) The deduction of loan will be allowed 50 %- 50% Can anyone out of co owners claim higher amount to reduce tax burden

I have rented a flat and I have received 6 moths rent as advance towards security deposit and received rent for 11 months. ( Rented from May) . During next financial year I shall receive rent for 7 months only as rent for remaining period will get adjusted from advance . Company has deducted TDS. Thus there is disproportionate Income & TDS deductions. Question is Can I show 11 months rent & TDS for this FY & Transfer Rent Income & corresponding TDS to next year? Is this acceptable.
2. I have received part consultancy income FY 16-17 & balance in FY 17-18 . The company however deducted total TDS during FY 16-17. Can I balance this out i.e. Transfer corresponding TDS to 17-18.
Thanks
JCR

Mr A distributor purchase sim & recharge from idea company and sale in retail .Total deposit in bank 98 lacks fy 16-17 . Commission from idea company 5.7 lacks by selling sim & recharge my question is prefer to tax audit taking 98 lacks as a turnover or file itr only taking Commission by less business expenses he did not want to show income 8% thanks

i have a Govt employee and my income tax deducted in FY 2010-11 by my employer and not booked in my PAN in respective FY. i have filed ITR in same FY now IT department raised demand. i have intimated to respective AO in this regard but my demand not dropped by AO yet. please convey what should do at my end

I have just given my ca cpt exam and i have lots of question in my mind regarding further ca course like should i do ca with regular college? should i give both ipcc groups together? or should i play safe ? And from where i can take coaching and generally when classes for ipcc starts? Please help me regarding all these matters. Thank you

Dear Mates,

I'm a new startup of proprietorship firm (Registered Under Service Tax / GST) with turnover around 10 Lacs and want to know is TDS deduction applicable on my one & only employee?

Salary of the employee is INR 20,000 / Per Month.

Looking for help.

Thanks

I WANT TO LEARN ABOUT GST, IS THERE ANY TEACHER WHO WILL TEACH ME FREE OF COST AT MY HOME FOR 3 MONTHS. PLEASE NOTE: NO FOOD AND CONVEYANCE WILL BE PROVIDED FROM MY SIDE

DEAR ALL,

TRANSITION FROM NORMAL DEALER IN DVAT TO COMPOSITION DEALER IN GST

When a taxpayer is shifting from a normal scheme to composition scheme, the taxpayer has to pay an amount which shall be equal to the credit of input tax in respect to those inputs which are held as stock on the immediately preceding date from the date of such switch over.

CAN THIS WILL BE INTERPRETED AS :-

we have to pay Input Tax on Closing stock held on 30.06.2017 upfront and there after transfer to composition scheme and pay GST Composition rate on same stock again.

Pls explain.

Regards


Rajeev K. Sharma

Hai to all of u sir/ madam, i am rk , i have an insurence commission from lic Rs 2,00,000 more for the ay 2017-18, and i have only form 16A give by lic office, & i have 10,000 more as TDS for ay 2017-18. and i try to file my ITR-3 for this year , after filling the all the relavent data information and opt for not maintaing the books, finally when i generat the xml it shows me " please fill the relavent details of P&L a/c and B/S ,other wise it treats as Deffective return u/s 139(9).", so please to inform me what i do now.