Deduction u/s 80P is allowed to Coop societies only when ITR is filed on time u/s 139
Query is
Will the same be allowed if the ITR is filed in response to notice u/s 148 ?
Hi
One of our employee is placed in Japan,we are deducting 10 % tax in India as Consultant and he is paying tax according to Japan as well. Is there any way he can save dual tax liability. Kindly suggest....
sir,
It assessee investment in sip(mutul fund) rs:2500/-*8 total rs:20,000/- per every month paid.
Question:
Assessee how to calculate tax of sip (mutul fund) and how to show procedure in it returns.
I have created CRN, it has some incorrect details, I have not done payment till now, Can I create new CRN number.
Do I need to wait till old CRN expires. Then only create new CRN and reinitiate new CRN creation.
THIS IS REGARDING NON-Filing of 9C FY 2017-18 annual return by me.
Some Figures:
Total Turnover for FY 17-18 was 42.414.846.42 (4.24 crores)
in this stock transfer to own branch was 22.379.236.28 (2.23 crores)
Gst Period Turnover was 26.835.263 (2.68 crores)
in this Stock transfer to own branch was 12.794.108 (1.27 crores)
therefore Nett sales to registered/unregistered/consumers was 1.41 crores.
my question :
1. was i required to file 9C Return, if yes
2. what is remedy now
3. What is the max Penalty / interest / Fine etc that can be imposed on me.
4. also is there any amnesty scheme in the current year for filing the same.
Thanks and Regards
I have an entertainment website that generates revenue from display ads.
Few points:
1. The business is not registered yet.
2. Income comes in dollars from a US-based company.
3. Revenue is less than 1 crore.
4. Need help regarding 44 AD and If GST registration is needed.
My doubt:
1. Can I file 44AD without registering the business which means directly from the PAN account where income gets deposited?
2. If GST registration required?
3. Some CAs are arguing that if your profit is more than 6% then you have to show the actual profit. My profit is more than 60% but I want to show the 6% only. Is that ok?
Here I have found a case where the assessee challenged the AO officer and won the case just showing minimum profit even though the profit was much higher.
https://indiankanoon.org/doc/151903937/
https://www.caclubindia.com/forum/profit-under-section-44ad-ada-473205.asp
Here tax2win CEO says that only a minimum of 6% is required even if profit is higher.
https://tax2win.in/guide/section-44ad-44ada-44ae
Mr. A had a tax liability of Rs.500000 in December 2017. And he paid the challan of that amount in January 2018. But it was not shown in 3B and that amount is still available in the cash ledger.
Now the GST officer issued notice and asked to pay that tax and he paid that tax through DRC 03.
Now GST officers are also demanding interest to DRC03 date.
please guide
Is PF Interest taxable beyond 2.5 Lakhs for entire contribution or excludes employer contribution ?
Hello, I am purchasing under construction apartment in my minor son name. 3 instalments already paid to builder using father PAN number. But i will be registering the property in minor son name. Now when I pay the next instalment, should I pay 1% TDS on minor's PAN or pay the TDS on father name. Father's salary is the source of income for the purchase of this property.
ITR - U - DOUBT