Rahul kale

land aquired by govt , in compulsory acquition scheme in rural area, and TDS was deducted us194LA by govt dept.please advice me how to show that compensation received while filling return in ITR 2.for claiming refund of tax deducted. said land acquire was occupy for houses( residential purpose ) by farmers.In which schedule I will show the said compensation received in ITR 2
I thinking to show this income in schedule of EXEMPT INCOME(EI) OF ITR 2, UNDER GROSS AGRICULTURAL RECEIPT, AND CLAIMING REFUND, IS IT AM RIGHT ???










Anonymous
27 May 2017 at 13:07

Savings ac

my self and my spouse both are income tax assesses. in post office savings account my spouse name is as ist holder . i want to open PO MIS in my name.. My query is-
can i receive MIS interest in above savings account in which my spouse name is first ?
if yes , how can i show it in it return or
i have to open new ac in which my name is first holder to receive the MIS Interest
kindly tell me who is liable for tax in joint account if both are tax assesses ?



Anonymous

1. whether amount to be clubbed for a customer or it has to be seen as sales transaction wise (individual sales amount is not exceeding on any single day and also cash receipt not exceeding in respect of that . Whether clubbing of sales of different date to be done and reported) ?

2. I understand that if single sale amount is 2lakhs + and amount is received in different days in broken amount - it should be reported.

what about 1. ?



Chandra Sekhar
27 May 2017 at 12:39

register for VAT or GST ??

Presently we are doing a business related to sale of iron scrap and old plastic. Still now we have not registered under any law. now we wants to register. so whether I have to register for respective​state law or GST !! . please clarify


Shailendra Yadav
27 May 2017 at 12:19

Sft

plz sir let me know whether SFT and form 61 A is to be filed even if therer are no reportable transaction s which is covered under Sec 44 AB


ATUL ANAND
27 May 2017 at 11:59

Gst on job worker

job work is carried out by job worker, whether GST charged by job worker at the time of returning of goods


ajit
27 May 2017 at 11:47

Service tax refund

One of my client is doing online business. They sale goods and deliver it to customer through logistic co.
They pay courier charges to logistic co. and pay service tax on it.

And they take Delivery charges from customer and collect service tax on it.

Q 1 . Is it possible to take input of service tax paid on courier charges.
Q 2. If they surrender service tax and there is surplus amount of input can they take refund of it.



Anonymous
27 May 2017 at 11:26

Sft transaction

In SFT 13 : receipt of cash payment exceeding Rs.2 lakhs by any person for sale of goods and services.

Whether Rs. 2 lakhs received is single transaction of sale or receipt or Rs.2 lakhs received from a person in a year with multiple transactions.

Person Liable to 44AB cases:-

Is it mandatory to reply to SFT compliance as NIL or Not Applicable and then file the NIL return of Form 61A.

Or NIL return can be filed without replying to SFT compliance.

Thanking you, awaiting for your early response.


Laksh
27 May 2017 at 11:19

GST for Old stock

Please explain or share regarding the OLD stock after implement of GST.


Nirmal

Some CA told me that as per RFCTLARR Act compensation on Non agriculture land is also tax free. And TDS is deducted on compensation amount u/s 194LA . Now where should i show this exempt compensation income in ITR and how to claim TDS. Please its very urgent






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